SPX Technologies, Inc.

Good day and thank you for standing by. Welcome to the Q3 2020 SPX Technologies, Inc. conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be an answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message that your hand is raised. To withdraw your question, Please press star 11 again. In the interest of time, I will ask that you limit yourself to one question and follow up. Please be advised that today's conference is being recorded. I would now like to turn the conference over to your first speaker today, Johann Rawlinson, Vice President, Investor Relations.

Thank you, Operator, and good afternoon, everyone. Thank you for joining us. With me on the call today are Gene Lowe, our President and Chief Executive Officer, and Mark Carano, our Chief Financial Officer. A press release containing our third quarter results was issued today after market closed. 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 sbx.com. I encourage you to review our disclosure and discussion of gap results in the press release and to follow along with a 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 safe harbor provisions. 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 gap measures in the appendix to today's presentation. Our adjusted earnings per share exclude intangible amortization expense, acquisition and integration related costs and 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 will turn the call over to Gene.

Thanks, Johann. Good afternoon, everyone, and thank you for joining us. On the call today, we'll provide you with an update on our consolidated and segment results for the third quarter of 2026, as well as an update on our four-year outlook. We delivered a strong third quarter. Adjusted EPS grew by 20%, marking the fifth consecutive quarter of a 20% plus year-over-year growth. Our HVAC segment delivered excellent growth during the quarter, driven by strong demand in core end markets and the continued execution of our capacity expansions. The DNM segment delivered another quarter of strong margin performance, Our recent acquisitions are performing well and delivering on our strategic objectives. Inorganically, we recently announced the addition of FIS water to the HVAC segment. This acquisition complements our existing cooling product offering and expands our capabilities and attractive adjacencies. Finally, we are updating our guidance to reflect our third quarter results and outlook for the fourth quarter. At the midpoint, our updated guidance implies approximately 25% adjusted EBITDA growth for the full year, reflecting continued momentum in both segments. Turning to our high-level results for the quarter, we grew revenue by 21% and adjusted EBITDA by 22% year-over-year, primarily driven by robust organic growth in the HVAC segment, strong margin performance in the DNM segment, Thank you. As always, I'd like to update you on our value creation initiative, starting with our organic growth activities. The capacity expansions across our HVAC facilities to meet the strong demand for our data center and custom air handling solutions remain on track with the timeline and capital requirements previously outlined. We continue to expect approximately $1.1 billion of total data center capacity once full production. Importantly, Madison commenced assembly activities during the quarter Shipping both Olympus Max and Ingenia products and will ramp its production throughout the balance of the year. Turning to new product innovation, our heat trace launch is gaining momentum, providing a new avenue for growth across both industrial and commercial applications. Early customer engagement has been strong, and we see meaningful opportunities to scale the offering through our established channels. Turning to FIS Water, this acquisition enhances our cooling platform with complementary water management and control solutions that broaden our offering to customers and strengthen our position in attractive end markets, including data centers. These products are typically paired with cooling towers. We believe FIS Water will benefit from SPX's global channels, OEM relationships, for their specification-driven sales capabilities, creating additional opportunities for growth. We welcome the FIS Water to the SPX team. And with that, I'll turn the call over to Mark to review our financial results.