Enpro Inc.

Greetings. Welcome to the NPRO second quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. 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 James Gentile, Vice President, Investor Relations. Thank you. You may begin.

Thanks, Daryl, and good morning, everyone. Welcome to EnPro's second quarter 2025 earnings conference call. I will remind you that our call is being webcast at EnPro.com, where you can find the presentation that accompanies this call. With me today is Eric Vallencourt, our President and Chief Executive Officer, and Joe Bruderick, Executive Vice President and Chief Financial Officer. During today's call, we will reference a number of non-GAAP financial measures, Tables reconciling the historical non-GATT measures to the comparable GATT measures are included in the appendix to the presentation materials. Also, a friendly reminder that we will be making statements on this call that are not historical facts and that are considered forward-looking in nature. These statements involve a number of risks and uncertainties, including those described in our filings with the SEC. Also note that during this call, we will be providing full-year 2025 guidance, which excludes unforeseen impacts from these risks and uncertainties. We do not undertake any obligation to update these forward-looking statements. It is now my pleasure to turn the call over to Eric Valancourt, our President and Chief Executive Officer.

Eric? Thanks, James, and good morning, everyone. We appreciate your interest in Enpro as we discuss second quarter financial results and our improved sales and earnings outlook for the full year 2025. Now on to our second quarter performance. After my overview, Jill will provide a more detailed discussion of our quarterly results and perspectives driving our improved outlook for the balance of 2025. Enpro delivered another strong quarter, demonstrating the resilience of our business while continuing to invest in growth with discipline. We grew organic sales 6% in the second quarter, driven by 14.5% revenue growth in AST and continued top line growth in ceiling technology. despite the difficult comparison to last year that we discussed last quarter. In ceiling technologies, sales increased about 2%, driven by strength in aerospace and food and farmer markets, firm general industrial markets, and strategic pricing initiatives, more than offsetting continued weakness in commercial vehicle OEM demand. Timing of nuclear orders also impacted year-over-year performance. Adjusted segment EBITDA margin approached 34% for the quarter, We continue to identify opportunities for incremental growth throughout the ceiling technology segment and are focused on expanding our market reach by leveraging our differentiated technological capabilities and applied engineering expertise. We are focused on capturing opportunities in key markets such as aerospace, sustainable power generation, including nuclear, food and pharma, and compositional analysis where our differentiated capabilities can drive long-term profitable growth. We continue to invest in incremental capacity expansion, supporting new platforms and enhanced strategic marketing and engineering capabilities to position this segment to deliver on our targeted mid-single digit organic revenue growth rate. More than 60% of the segment's revenue is tied to the aftermarket, with specified positions providing critical process and safety functions for our customers. We continue to be delighted with the best-in-class performance of their C-Wing technology segment, which we expect to perform well in a variety of macroeconomic environments. In the Advanced Surface Technology segment, sales increased more than 14%, led by growth in leading-edge precision cleaning solutions, optical coatings, and improved demand for in-chamber semiconductor tools and assemblies. Operating expenses supporting growth in new platforms and transactional foreign exchange headwinds crimped operating leverage during Q2, which Joe will discuss later. We continue to make targeted organic investments at AST and expect execution of our growth and optimization plans to drive high single to low double digit revenue growth with improved profitability over time. We continue to believe this segment can generate 30% adjusted EBITDA margins, again, over time as growth programs and optimization playbooks are implemented. Our balance sheet remains in excellent shape, increased capacity from our recent debt refinancing activities, along with consistently strong free cash flow generation, provide us with ample flexibility to execute on our forward growth strategy while pursuing strategic acquisitions that meet our rigorous strategic and financial criteria. Our colleagues across the organization are empowered as we embark on the first year of EnPro 3.0, our multi-year strategy for the next chapter of the company's evolution. With NPRO 3.0, we are accelerating both personal and profitable growth. In our view, these goals are equally important and inextricably linked. At the halfway point here in 2025, our teams are motivated with individual development plans in hand that drive their own personal and professional growth. We are casting our employees to chart their own development path, to pursue courses to expand their work knowledge in areas that inspire and build business acumen, engage in helpful activities, and practice awareness, problem solving, and communication techniques that enable our colleagues to grow and thrive within and outside of our organization. I would like to thank our colleagues across ENPRO who embrace our way of working and partner with our customers to solve important processing problems using our technological capabilities and applied engineering expertise. Developing relationships of trust and reliability with our customers enable us to continue producing exceptional results. There has never been a better part of EnPro. I will now pass the call over to Joe to discuss our quarterly results in greater detail and discuss the drivers of our improved outlook for the balance of the year. Joe?