Loar Holdings Inc.

Thank you for your patience. The conference will be beginning shortly. Again we want to thank you for your patience and the conference will be beginning shortly. Thank you. Thank you. Thank you. Greetings. Welcome to Lohr Holdings' first quarter 2024 results conference call. At this time, all participants are in a listen-only mode. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to Ian McKillop, Director of Investor Relations. Thank you. You may begin.

Thank you, and welcome to Lohr's 2024 first quarter earnings conference call. Presenting on the call this morning are LOR's founder, chief executive officer, and executive co-chairman, Dirksen Charles, executive co-chairman, Brett Milgram, treasurer and chief financial officer, Glenn D'Alessandro, and myself. Please visit our website at lorgroup.com to obtain a supplemental slide deck and call replay information. Before we begin, the company would like to remind you that statements made during this call, which are not historical in fact, are forward-looking statements. For further information about important factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements, please refer to the company's latest filings with the SEC, available through the Investor Relations section of our website or at sec.gov. The company would also like to advise you that during the course of the call, we will be referring to adjusted EBITDA, adjusted EBITDA margin, and adjusted earnings per share, each of which is a non-GAAP financial measure. Please see the tables and related footnotes in the earnings release for a presentation of the most directly comparable gap measures and applicable reconciliations. Please also note, given that we have been a public company for two weeks, our analysts are in a quiet period and we will not be taking questions after today's call. I'll now turn the call over to Dirksen.

Thanks, Ian. I'm going to start on slide number four. And let me make one brief remark here. As Ian mentioned, on today's call, we'll do something a little bit different that we'll be doing in the future, which is we're not going to take questions at the end because the analysts are really still in their quiet period, but just wanted people to know that. But we'll do our best here to walk you through our story, our portfolio, et cetera, so you can follow along with what we've been up to. So, good morning, especially to our new partners, analysts, and those of you hearing our story for the first time. As Ian mentioned, I'm Dirksen Charles. I'm the founder, CEO, and co-chairman of Law. Law is a family of companies with a very simple approach to creating shareholder value. First, we believe that providing our business units an entrepreneurial and collaborative environment to advance their brands, we will generate above-market growth rates. Since our inception in 2012, we have grown sales and adjusted EBITDA at a compound annual growth rate of 38% and 46% respectively. We collaborate across business units by sharing best practices and ideas while assisting each other when it comes to execution. We execute along four value streams. We identify pain points within the aerospace industry and look to solve those problems through organically launching new products, which we believe over the long term will create one to three percentage points of top line growth annually. We focus on optimizing our productivity, which in simple terms is the ratio of output to input. Each year we'll identify initiatives that will allow us to continually improve with a focus on one or two major initiatives each year that will improve the ratio. In other words, think margin improvement and enhancing our competitive advantage. We also each year across our portfolio of companies will achieve more price than inflation. Again, margin improvement. Executing on these three simple value drivers, along with the secular growth rate of the aerospace and defense industry, we believe allows us to organically achieve 10% growth in sales and 15% growth in adjusted EBITDA over the long term. Most importantly, we are committed to developing and improving the talent of all of our employees because our success is solely a result of their dedication and commitment. That's why I'm proud to call them my mates. So our most important value driver is making sure we have the talent within our four walls and under our roof to support our customers and to continue to achieve above market growth. I will now turn the call over to Brett for walking through our portfolio.