V2X, Inc.

Thank you for joining us for the V2X First Quarter 2026 Earnings Conference Call and Webcast. Today's call is being recorded. My name is Gary, and I'll be the operator for today's call. At this time, all participants have been placed in a listen-only mode. Following management's presentation, I will open up the call for a Q&A session. To ask a question, you may press star, then 1 on your telephone keypad. To withdraw your question, please press star, then two. And now, I'll pass the call over to your host, Mike Smith, Vice President of Treasury, Investor Relations, and Corporate Development at V2X.

Please go ahead. Thank you. Good afternoon, everyone. Welcome to the V2X First Quarter 2026 Earnings Conference Call. Joining us today are Jeremy Wenziger, President and Chief Executive Officer, and Sean Morrell, Senior Vice President and Chief Financial Officer. Slides for today's presentation are available on the Investor Relations section of our website, gov2x.com. Please turn to slide two. During today's presentation, management will be making forward-looking statements pursuant to the safe harbor provisions of the federal securities laws. Please review our safe harbor statements in our press release and presentation materials for a description of some of the factors that may cause actual results to differ materially from the results contemplated by these forward-looking statements. The company assumes no obligation to update its forward-looking statements. In addition, in today's remarks, we will refer to certain non-GAAP financial measures because management believes such measures are useful to investors. You can find a reconciliation of these measures to the most comparable measure calculated and presented in accordance with GAAP on our slide presentation and in our earnings release, followed with the SEC, both of which are available on the Investor Relations section of our website. At this time, I'd like to turn the call over to Jeremy.

Thank you, Mike, and good afternoon, everyone. We appreciate you all joining us today. Please turn to slide three. Today, we will be providing a recap of our first quarter results for 2026 and sharing more on our outlook for the year. First, I want to acknowledge the talent of our team at V2X for their continued hard work and dedication to our company and our customers' mission success. With double-digit growth in revenue and earnings, we demonstrated how consistent strategic execution paired with the close alignment with national security priorities results in enhanced financial performance. The strength of our awards is further proof of the momentum underway. and the continued demand for our capabilities we provide. With robust bookings of $4.1 billion in the quarter across all business areas, we achieved record backlog of $13.8 billion. We continue to make progress on our Go Towards Tomorrow strategy, innovating across the enterprise. This, in turn, strengthens our global operations and delivers differentiated outcomes for our customers who are operating in increasingly complex environments. As we advance this innovation-forward strategy, we do so with the benefit of a healthy balance sheet and the flexibility to invest for growth. Looking forward, we are confident in our position in the market and are increasing our guidance for 2026. We now expect revenue in adjusted EBITDA to increase approximately 9% year-over-year at the midpoint and adjusted diluted EPS to increase approximately 14% at the midpoint. This is a testament to our ability in delivering enhanced value for both the customers and shareholders in the year ahead. With that, let's move to slide four, which summarizes the quarter's financial and operational highlights. In quarter one, we achieved robust top line growth and delivered strong operational results across the organization. Revenue increased 23% year over year to $1.25 billion. marking a record year-over-year organic growth rate for V2X. Adjusted net income for the quarter was $48.1 million, representing an increase of 53% year-over-year. Adjusted EBITDA was $85.6 million, with margins of 6.8%. Meanwhile, adjusted diluted EPS was $1.53, representing a significant increase of 55% compared to the same period last year. We believe our financial performance underscores our position as a leading provider of mission capabilities. I want to also recognize some of the key contract wins and highlights we delivered in the first quarter. We secured approximately 50 contract awards representing approximately $4.1 billion in total awards. These awards were spread across all business areas. We were awarded work to modernize critical components of the F-18. as well as integrate advanced infrared countermeasures for the KC-130J. These programs showcase our role in supporting long-term platform readiness. As it relates to global training, we captured multiple awards supporting customers across North America and Europe, reflecting both the reach of our training footprint and the demand for our capabilities. In aerospace, we achieved full operational execution for T6, which highlights our ability to transition large national priority programs. Additionally, we supported the Artemis II mission, providing training, simulation, and recovery operations. This is another example of how technical expertise supports complex, high-visibility national initiatives. And finally, in mission readiness, we continue to support essential logistical requirements for national security customers across multiple geographic locations. These awards demonstrate the breadth and diversity of our opportunities and the ability to execute across capabilities to support our customers' most critical missions. Moving to slide five, our recent contract success is yielding record backlog, strengthening the foundation from which we are executing. As I mentioned, we delivered bookings in the quarter of approximately $4.1 billion, reflecting the strength of our portfolio and the demand. for our diversified solutions. This drove quarterly book to bill ratio of 3.2 times and trailing 12 months book to bill ratio of 1.5 times. As a result of increased awards, total backlog for the quarter was $13.8 billion, up from $11.1 billion at the end of quarter four, providing strong visibility into future revenue. And with a healthy pipeline, we remain on track to achieve 30% year-over-year increase in bid velocity in 2026. Overall, the expansion in backlog and robust pipeline and opportunities underscore the demand for our capabilities and reinforce our confidence in long-term growth outlook for the business. Turning now to slide six, last quarter we introduced our efforts to invest in advanced capabilities and pursue best-in-class partnerships and drive innovation across the enterprise. In the first quarter, we made solid progress in executing this strategy. In the last six months, we have introduced three artificial intelligent platforms, which are now operating on an enterprise IT infrastructure. And we are seeing a promising pace of adoption across our employee base. We are also seeing significant expansion in AI-enabled productivity. which is enhancing operational efficiency in our support functions across the organization and will drive lower costs over time. At the customer level, the targeted investments we are making in innovation are creating new offerings to expand how we execute customer missions, enhancing our customer value proposition. One example of this strategy in action is aviation operations with our early prototype AI-enabled aerospace sustainment platform. We are building this platform with Google, Tactile, and NVIDIA products. Our goal is to capture unstructured data and turn it into predictive insights and automated decision support. We expect this, in turn, to improve aircraft availability, reduce delays, and streamline sustainment operations. I look forward to keeping you updated as we continue to invest in innovation to meet customers' evolving and complex requirements. With that, I'll turn the call over to Sean for more detailed review of the financials.