Timken Company (The)

Good morning and welcome to Timken's second quarter earnings release conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Neil Frohnapple. Please go ahead.

Thank you, Operator, and welcome everyone to our second quarter 2026 earnings conference call. This is Neil Frohnapple, 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 Boldea, and Mike Discenza, 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 FCC, 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 Lucian.

Thanks, Neil. And good morning, everyone. We appreciate you joining us today to discuss our second quarter results. It was great seeing many of you at our recent investor day where we launched our new Elevate to Outperform strategy as well as our 2028 financial targets. We're making good progress on our plans for creating value as an advanced motion technology leader and leveraging megatrends in strategic verticals. Work is well underway in advancing our strategic priorities as we deploy 80-20 in our disciplined execution framework across the entire enterprise. Our focus on Elevate.Perform is reflected in our second quarter results, and I would like to thank our Timken team for delivering another strong quarter. Our performance during the first half of the year and continued momentum gives us the confidence to raise our full year guidance again. Our outlook now implies 16% adjusted EPS growth at the midpoint of our range, up from 13% we previously guided. Mike will take you through the details of our outlook later in the call. This morning, I'll discuss the key elements of our second quarter performance and provide more specifics on how we are executing our strategy.