Magnera Corporation

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Thank you, operator, and thank you, everyone, for joining Magnera's third fiscal quarter 2025 earnings call. Joining me, I have Magnera's Chief Executive Officer, Curt Bailey, and Chief Financial Officer, Jim Till. Following our prepared remarks, we will have a question-and-answer session. To allow everyone the opportunity to participate, we ask that you limit yourself to one question with a brief follow-up, then fall back into the queue for any additional questions. A few things to note before handing over the call, on our website at magnera.com, you can find today's press release and earnings call presentation under investor relations. You can also go directly to ir.magnera.com to review the investor presentations from our recent conference attendance. As referenced on slide two during the call, we will be discussing certain non-GAAP financial measures. These measures are reconciled to the most directly comparable GAAP financial measures in our earnings press release and in the appendix of the presentation available on our website. Additionally, a reminder that we will make certain forward-looking statements. These statements are made based upon management's expectations and beliefs concerning future events impacting the company, and therefore, are subject to risks and uncertainties. Actual results or outcomes may differ materially from those expressed or implied in our forward-looking statements. Some factors that could cause the results or outcomes to differ are in the company's latest SEC filings and our news releases. These statements speak only as of today, and we undertake no obligation to update them. I will now turn the call over to Magnera CEO, Curt Bagley.

Thank you, Robert. Good morning, everyone, and thank you for joining us. During our previous quarterly updates, we spent time describing Magnera's unique position in advanced specialty materials enabled by a global position as an innovative leader with scale and a favorable geographic footprint. Last quarter, we discussed our plans to win in the market as we expand our product penetration in chosen areas of consumer experiences. Our value creation is simple. Accelerate attractive revenue growth through innovation pipelines execute targeted optimization initiatives, and deliver on our synergy commitments. We are confident in our ability to drive long-term sustainable growth. Moving to the third quarter headlines, we are pleased to confirm our original free cash flow guidance as well as the range of adjusted EBITDA communicated during our second quarter earnings call. Our team was able to deliver sales of $839 million and adjusted EBITDA of $91 million in the quarter. Looking forward, We remain steadfast in our strategic priorities. Central to our outlook is the ongoing shift towards a growing mix of high-value differentiated products. This strategy is designed to deliver improved margin profiles and strengthen our competitive differentiation as we enhance utilization rates across our manufacturing footprint, ultimately leading to improved operational efficiency and a more cost-effective chassis. As we optimize the company for earnings growth, we have evaluated the business thoroughly and determined additional structural cost actions are appropriate to support sustainable profits. We have launched Project CORE, Capacity Optimization and Resource Efficiency Program, which will accelerate capacity rationalization plans, including operational consolidation to more cost-efficient platforms. Jim will provide more details on the actions we're taking and the net financial impacts targeted in executing Project CORE. Before I turn the call over, I'd like to review some key highlights on our progress in the first nine months as Magnera. First, the dedication and spirit of teamwork displayed by Magnera team members are resulting in great outcomes in integration, commercial excellence, and cost synergies. Additionally, we have made meaningful strides in the strategic evaluation of our enterprise and solidifying priorities for our future state. The commercial excellence plan was centered on our go-to-market foundation by leveraging our wide array of product solutions versus our peer set. Through these efforts, the team has already captured some great wins, including successfully leveraging a 20-year relationship with a core hygiene account. By introducing the full suite of our air-laid feminine care solutions, we achieved a new 2026 business award. A second example comes from the expansion of our food and beverage offerings by developed an advanced food protection solution increasing the shelf life of the final product. My last example is tied to another long-term US-based global customer where we have been trusted to expand our wipes business with them in Europe. We continue to build momentum in our combined commercial and innovation teams to drive strategic portfolio growth. Our information technology system migration led by our CIO and cross-functional teams are executing the required conversions to exit our transition service agreement on schedule. In fact, there are areas of this effort already completed for certain tasks. The focus of a seamless conversion is our guiding light. We have not wavered from our Net Synergy commitment of $55 million in savings through 2027. Our procurement and operational task forces continue to make progress and executing alternate raw material qualifications with a priority to build flexibility in our supply base. We expect procurement and operations to deliver value this year and further accelerate cost reductions in 2026. A thorough product portfolio evaluation with a focus on identifying the technologies and product offerings that support our long-term right to win and grow profitable shares underway and will cement the appropriate actions required to enhance value creation. it will serve as a foundation for our longer-term strategic plans. By actively engaging with our customers in supporting their supply requirements and leaning in with our innovation efforts, we are better aligned to meet their desired product enhancement requirements. Operating with agility to navigate the near-term challenge of macro demand uncertainty and tempered consumer spending will be key to delivering long-term sustainable growth. Now, I will turn the call over to Jim, who will review Mike Nero's financial results. Jim?