Solo Brands, Inc.

Good morning and welcome to the Solo Brands First Quarter 2025 Financial Results Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key then zero on your telephone keypad. Please note, this event has been recorded. I would now like to turn the conference over to Mark Anderson, Senior Director, Treasury and Investor Relations. Please go ahead.

Thank you, and good morning, everyone. We appreciate your joining us for the Solo Brands conference call to review the first quarter 2025 results. Joining me on the call today are the company's interim president and chief executive officer, John Larson, and chief financial officer, Laura Coffey. This call has been webcast and can be accessed through the investors portion of our website at investors.solobrands.com. Today's conference call will be recorded. Please be advised that any time-sensitive information may no longer be accurate as of any replay or transcript reading date. I would also like to remind you that the statements in today's discussion that are not historical facts, including statements about expectations, future events, financial performance, debt restructure and illiquidity, negotiations with lenders, turnaround efforts, strategic transformation goals, and future growth are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements by their nature are uncertain and outside of the company's control. Actual results may differ materially from those expressed or implied. Please refer to today's earnings press release for our disclosures on forward-looking statements. These factors and other risks and uncertainties are described in detail in the company's filings with the Securities and Exchange Commission. Solo Brands assumes no obligation to publicly update or revise any forward-looking statements. Management will refer to non-GAAP measures, and reconciliations to the nearest GAAP measures are included at the end of our earnings release. Finally, the earnings release has been furnished to the SEC on Form 8K. Now, I would like to turn the call over to John Larson.

Good morning, and thank you all for joining us in reviewing Solo Brand's first quarter results. Today, I'll start by addressing the NYSE trading suspension and briefly comment on our debt restructuring progress. Then, Laura will report on first quarter results and provide an update on our tariff mitigation plans. Lastly, I will return to discuss our profit-focused transformation plan. First, concerning the NYSE suspension announcement last month, we recently appealed the NYSE's determination and have a plan to regain compliance. If we are successful, we expect that the NYSE trading suspension on our common stock will be lifted. Trading of our common stock is currently conducted through the OTC markets under the ticker symbol DTCB. We believe that the planned actions to improve our results will position us to resume our NYSE listing. We are also working closely with the lenders under our credit agreement along with our advisors to address Solo Brand's debt structure. As part of our restructuring plan, we have developed an operational financial plan for both near and long term that are expected to drive profitability and cash flow improvements. We will update you on some of these initiatives today. As we navigate the transition, I am encouraged by our progress and efforts to leverage our entrepreneurial culture at Solo Brands for building and scaling our outdoor lifestyle portfolio. My optimism about the business is growing as we execute initiatives and begin to achieve milestones in our multi-year strategic plans. Turning to first quarter results, we are pleased to report the Chubbies segment results were strong. First quarter sales of our Chubbies brand grew 43.9% with the segment EBITDA margin expanding to 26.5% of sales. Chubbies has built a close-knit community of customer advocates and loyal fans who love the products, customer service, and customer experience that this brand delivers. As expected, sales in the solo stove segment declined primarily in response to our elimination of extensive discounting and promotion in our DTC channel. I will discuss this more in a moment. Even after implementing these changes, our consolidated bottom line results in Q1 for solo brands exceeded last year for both February and March. This gives us confidence that our profitability focus is beginning to yield results. Our broader vision is to fuel our brands by delivering new innovative products and a differentiated experience to further transform one-time customers into lifelong customers. The board and management are aligned and the team is working diligently to improve the near-term and long-term business trajectory. After Laura walks through the detailed financial analysis, I will return to discuss key strategic initiatives. Laura?