MUELLER WATER PRODUCTS

Good morning and thank you for standing by. Your lines are on a listen only mode until the question and answer session of today's conference. At that time you may press star followed by the number one to ask a question. Please unmute your phone and state your name when prompted. Today's conference is being recorded. If you have any objections you may disconnect at this time. It is now my pleasure to turn the call over to Whit Kincaid.

Good morning, everyone. Thank you for joining us for Mueller Water Products' third quarter conference call. Yesterday afternoon, we issued our press release reporting results of operations for the quarter ended June 30, 2026. A copy of the press release is available on our website, MuellerWaterProducts.com. I am joined this morning by Paul McAndrew, our President and Chief Executive Officer, and Melissa Rasmussen, our Chief Financial Officer. Following our prepared remarks, we will address questions related to the information covered on the call. As a reminder, please keep to one question and a follow-up and then return to the queue. This morning's call is being recorded and webcast live on the Internet. We have also posted slides on our website to accompany today's discussion. They also address forward-looking statements and our non-GAAP disclosure requirements. At this time, please refer to slide two. This slide identifies non-GAAP financial measures referenced in our press release, on our slides, and on this call. It discloses the reasons why we believe these measures provide useful information to investors. Reconciliations between non-GAAP and GAAP financial measures are included in the supplemental information within our press release and on our website. Slide three addresses forward-looking statements made on this call. This slide includes cautionary information identifying important factors that could cause actual results to differ materially from those included in forward-looking statements. Please review slides two and three in their entirety. During this call, all references to a specific year or quarter and less specified otherwise refer to our fiscal year, which is the 30th of September. A replay of this morning's call will be available for 30 days at 1-866-386-1299. The archived webcast and corresponding slides will be available for at least 90 days on the investor relations section of our website. I'll now turn the call over to Paul.

Thanks, Whit. Good morning, everyone. Thank you for joining our third quarter earnings call. Our outstanding third quarter results reflect strong execution and continued progress against the operating priorities we outlined in the last quarter. We achieved quarterly records for net sales, adjusted EBITDA, and adjusted net income per diluted share. Net sales grew 4.1% in the quarter, supported by commercial execution, resilient municipal end market demand, and strong growth in project-related specialty valves. Adjusted EBITDA margin expanded 440 basis points year over year, reflecting our continued focus on operational excellence, productivity, and disciplined cost management. Free cash flow was strong this quarter, enabling us to continue funding capacity and efficiency investments, while returning approximately $21 million to shareholders through our quarterly dividend and share repurchases. I am proud. of what our teams have accomplished and the continued commitment to serving our customers. Last quarter, we introduced the Mueller operating system as the framework we are using to drive greater discipline, execution, and accountability across the company. Our results provide further evidence of the progress we are making in expanding margins, strengthening cash generation, investing in growth and simplification. Following our announcement from the last quarter, We completed the exit of the I2O pressure monitoring business outside of North America. GWF AG, a utility metering and smart water technology company headquartered in Switzerland, acquired certain assets and liabilities of I2O water. During the quarter, we incurred one-time costs associated with the transaction, along with a tax benefit which lowered our income tax rate. We expect the cost savings and tax benefits to support margin expansion and enhance free cash flow. With our increased fiscal 2026 adjusted EBITDA guidance, we remain on track to deliver another year of meaningful margin expansion. While we continue to navigate slower new residential construction activity and broader external uncertainty, we remain focused on what we can control, executing our strategies, investing in growth, and proactively managing costs. Our commercial initiatives are focused on increasing market penetration for our leading products and expanding into adjacent markets for our specialty valves. We believe the disciplined execution embedded in the Mueller operating system positions us well to build on this momentum and create long-term value for our customers and shareholders. I am proud of the progress our teams have achieved this year, reflecting a focus on serving customers, strengthening operations and collaborating across the organization. We recently published our 2025 sustainability report, Highlighting our continued progress in advancing environmental stewardship, operational excellence, responsible business practices, employee well-being, and community impact. As cities and municipalities confront a growing range of challenges, critical infrastructure is under increasing strain. At the same time, aging systems continue to pose significant risks. Against this backdrop, Mueller's role as a provider of resilient, reliable water infrastructure solutions is more essential than ever. Notable 2025 achievements include reaching an outstanding milestone of the lowest total recordable incident rate in our history, reflective of our team's unwavering commitment to safety. We've also maintained strong momentum towards reducing our carbon footprint, cut in scope one and two emissions intensity by 13% year over year, Our vision is to be the leader in water infrastructure solutions Solving challenges, enriching lives and safeguarding the future We will continue to drive progress through our innovative products and solutions that help utilities and municipalities strengthen system resilience, detect leaks faster and with greater precision, rehabilitate and maintain aging infrastructure, and provide lifesaving fire protection. Our achievements of the past several years establish a new foundation for future progress and are the direct result of the hard work Focus on collaboration demonstrated across our organization. With that, I'll turn it over to Melissa to take us through the financials.