Timken Company (The)

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Thank you, operator, and welcome everyone to our third quarter 2025 earnings conference call. This is Neil Frohnapel, Vice President of Investor Relations for the Timken Company. We appreciate you joining us today. Before we begin our remarks this morning, I want to point out that we have posted presentation materials on the company's website that we will reference as part of today's review of the quarterly results. You can also access this material through the download feature on the Earnings Call webcast link. With me today are the Timken Company's President and CEO, Lucian Baldea, and Mike DeCenza, our Chief Financial Officer. We will have opening comments this morning from both Lucian and Mike before we open up the call for your questions. During the Q&A, I would ask that you please limit your questions to one question and one follow-up at a time to allow everyone a chance to participate. During today's call, you may hear forward-looking statements related to our future financial results, plans, and business operations. Our actual results may differ materially from those projected or implied due to a variety of factors, which we describe in greater detail in today's press release and in our reports filed with the SEC which are available on the Timken.com website. We have included reconciliations between non-GAAP financial information and its GAAP equivalent in the press release and presentation materials. Today's call is copyrighted by the Timken Company, and without express written consent, we prohibit any use, recording, or transmission of any portion of the call. With that, I would like to thank you for your interest in the Timken Company, and I will now turn the call over to Lucien.

Thanks, Neil, and good morning, everyone. Thank you for your interest in Timken and for joining our call today. I'm excited to lead Timken into the future, and I strongly believe there is opportunity here to create significant value for shareholders. Since this is my first earnings call, I would like to thank Rich Kyle for his leadership as CEO, along with members of the Timken board for their support. I've also enjoyed meeting many of our employees, and I'm impressed with their clear sense of purpose and commitment to our customers. I have covered a lot of ground during my first 60 days on the job, and today I'll share with you some of my early observations where I see potential going forward. But first, let me emphasize that our management team's top priority is finishing the year strong. Mike will cover the details, but in the third quarter, we increased revenue, expanded operating margins, and grew adjusted earnings per share double digits versus last year. We also generated significant cash flow, and we strengthened the balance sheet. We are moving with urgency to position the company for earnings growth in 2026. The Timken franchise is very strong, been built over 125 years, and recognized in global industrial markets for technical leadership, robust product portfolio, and deep customer commitment. From this foundation, I believe we have tremendous potential to expand positions in key markets, drive profitable growth, and create significant value. This is what attracted me to Timken. Prior to joining, I was impressed with the company's focus on innovation and how well they can collaborate with customers. Now, from the inside, I can see the team's unwavering integrity and commitment to quality, excellent process, and world-class engineering talent that makes it all possible. A significant part of my time has been spent reviewing the portfolio, the operating model, our products and services, and also collaborating with our leadership team to better understand our customers' needs. It's clear that the company is successful at adding value for customers in engineer-to-order, mission-critical applications where quality, performance, and reliability matter. This is true across our portfolio of close pages and products within engineering bearings and also industrial motion solutions. Our complementary product portfolio serves common customers and applications through similar sales channels. We also have strong positions in essential industries such as rail, aerospace and defense, heavy industries, and wind energy. And we're targeting further growth in newer end markets to Timken, like automation and food and beverage. The company has operating discipline across its manufacturing footprint, generates significant cash flow, and has a solid balance sheet. With a strong foundation, I see many opportunities to improve top-line and also bottom-line performance. To start, we intend to approach the portfolio with an 80-20 mindset to structurally improve margins, grow faster in the most profitable verticals, and create significant value for shareholders by focusing on the actions that will have the most impact. Margin expansion is a key focus for our team and will leave no stone unturned as we review the business for margin potential. I also believe there's opportunity to raise Timken's organic growth algorithms. by expanding our market focus in fast-growing regions and verticals and launching new products and services. Capitalizing on the strength of the Timken brand and utilizing our global footprint can help us further grow revenue at many of our acquired businesses, taking them into new regions of the world. In addition, I see how continued integration of our acquisitions can deliver synergy across the entire portfolio. A greater focus on leveraging our strong market positions and aftermarket presence will drive increased cross-selling of our broad product offerings. By leveraging strengths across our portfolio more holistically, innovating new products, and delivering best-in-class service, we believe we can outgrow our underlying markets. These are a few of the opportunities that I believe will increase Tim Kent's earnings power based on my review over the past two months. But there is much more work to be done. Our team is focused on operating with urgency and rigor as we work to position Timken for stronger growth and higher margins. With that, let me turn over the call to Mike for a more detailed review of the results and outlook. Mike.