SPX Technologies, Inc.

Good day, ladies and gentlemen, and thank you for standing by. Welcome to the first quarter of 2026 XPX Technologies Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question, you will need to press star 1-1 on your telephone keypad. As a reminder, this conference call is being recorded. At this time, I would like to turn the conference over to Mr. Mark Carano. Sir, please begin.

Thank you, Operator, and good afternoon, everyone. Thanks for joining us. With me on the call today is Gene Lowe, our President and Chief Executive Officer. I'm also excited to be joined by our new Head of Investor Relations, Johan Rollins. He has joined us from the Hertz Corporation, where he served as Head of Investor Relations for the last five years. A press release containing our first quarter results was issued today after market close. You can find the release and our earnings slide presentation, as well as a link to a live webcast of this call in the investor relations section of our website at spx.com. I encourage you to review our disclosure and discussion of GAAP results in the press release and to follow along with the slide presentation during our prepared remarks. A replay of the webcast will be available on our website. As a reminder, portions of our presentation and comments are forward-looking and subject to St. Please also note the risk factors in our most recent SEC filings. Our comments today will largely focus on adjusted financial results, and comparisons will be to the results of continuing operations only. You can find detailed reconciliations of historical adjusted figures from their respective GAAP measures in the appendix to today's presentation. Our adjusted earnings per share include intangible amortization expense, acquisition, and integration-related costs non-service pension items, among other items. Finally, we look forward to meeting with investors at various events during the upcoming months. And with that, I'll turn the call over to Gene.

Thanks, Mark. Good afternoon, everyone, and thank you for joining us. On the call today, we'll provide you with an update on our consolidated segment results for the first quarter of 2026, as well as an update on our full-year outlook. We had a strong start to the year with year-over-year growth and adjusted EBITDA of 23% and adjusted EPS of 22%. We continued to execute well, having significant profit growth in both segments and making meaningful progress on several key initiatives. We're raising our four-year guidance range to reflect our strong performance in Q1 and outlook for the remainder of the year. partially offset by the impact of the recent changes to the Section 232 tariffs. We do not expect these tariffs to impact 2027 earnings. Looking ahead, we remain well-positioned to continue executing on our organic and inorganic value creation initiatives supported by our robust M&A pipeline. Turning to our high-level results for the quarter, we grew revenue by 17.4%, driven by the benefit of recent acquisitions and organic growth in both segments. Adjusted EBITDA increased 23% year-over-year with 90 basis points of margin expansion. As always, I'd like to update you on our value creation initiatives. The capacity expansions across our HVAC facilities to meet the strong demand for our data center cooling and custom air handling solutions are progressing well. They remain on track with the timeline and capital requirements outlined last quarter. In Q1, we began producing highly engineered aluminum dampers in AMCO's new Tennessee facility and expect production to steadily increase throughout the year. We also began production of the Olympus Max in our Olathe, Kansas facility in the first quarter. Additionally, the Madison, Alabama facility build out is well underway. We still expect to have assembly capabilities for Olympus MAX and custom air handling products in the second half of this year and initial production capabilities in the first half of 2027. Turning to detection and measurement. We continue to advance our new product initiatives across the segment. Our location and inspection platform recently launched a new locate performance management software It meaningfully expands the real-time analysis of our customers' critical data that is seamlessly transferred from our radio detection precision locators to the field. We believe this solution significantly enhances how our customers locate underground utilities by increasing their efficiency, safety, accuracy, and overall data management capabilities. And now, I'll turn the call back to Mark to review our financial results.