World Kinect Corporation

thank you for standing by and welcome to world connect corporation's third quarter 2025 earnings conference call at this time all participants are in listen only mode after the speaker presentation there will be a question and answer session to ask a question during the session you will need to press star one one on your telephone to remove yourself from the queue you may press star one one again i would now like to hand the call over to braulio madrano Senior Director of FP&A and Investor Relations. Please go ahead.

Thank you, Lateef, and good evening, everyone. Welcome to WorldConnect's third quarter 2025 earnings conference call, which will be presented alongside our live slide presentation. Today's presentation is also available via webcast and on our Investor Relations website. I'm Braulio Medrano, Senior Director of FP&A and Investor Relations. With us on the call today is Michael Kasbar, Chairman and Chief Executive Officer, Ira Burns, President and Chief Financial Officer, and Mike Tejada, Senior Vice President and Chief Accounting Officer. And now, I'd like to review our Safe Harbor Statements. Certain statements made today, including comments about our expectations regarding future plans and performance, are forward-looking statements that are subject to a range of uncertainties and risks that could cause actual results to materially differ. Factors that could cause results to materially differ can be found on our most recent form, 10-K, and other reports filed with the Securities and Exchange Commission. We assume no obligation to revise or publicly release the results of any revisions to these forward-looking statements in light of new information or future events. This presentation also includes certain non-GAAP financial measures, a reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures is included in our press release and can be found on our website. We will begin with several minutes of prepared remarks, which will then be followed by a question and answer period. At this time, I would like to introduce our Chairman and Chief Executive Officer, Michael Kaspar.

Thank you, Braulio. Earlier today, we announced a series of important leadership changes. The Board has unanimously elected Ira Burns to become WorldConnect's next CEO and join the board effective January 1st, 2026. This is an important and positive milestone in our company's history for several reasons. The first is confidence in leadership. The board has full confidence in Ira's ability to efficiently allocate resources, accelerate our focus on core businesses, and aggressively drive growth and returns. And the second is strength of the team. With John Rao's exceptional commercial and operational expertise and Mike Tejada's deep commodity, financial, and accounting acumen, we have a talented leadership lineup tested and ready to lead us forward. This transition has been years in the making. Over the past several years, our leadership team has taken on increasing responsibilities and gained invaluable experience. Equally important, this team has the temperament and skill to navigate cycles and events, pandemics, wars, deglobalization, and the disciplined judgment to evaluate risks and uncertainties, prudently allocate capital, and maximize long-term value. They are well-seasoned to deliver. Most importantly, we have the right people in the right roles to drive our goals and future growth, demonstrating our commitment to talent development and organizational capabilities that will sustain success for years to come. With improved organizational strength, operational readiness, and a sharper portfolio, we are well positioned for the future. The entrepreneurial spirit that built this company in fragmented markets is now complemented by the operational and financial discipline required to profitably scale in today's environment. I am incredibly proud of our transformational journey. from a simple broker and reseller to a strategically important partner providing mission-critical supply to some of the largest and most important companies around the world. I couldn't be more proud. Turning to the business, aviation delivered another solid quarter of double-digit earnings growth driven by improved operating leverage in Europe and profit growth in both business aviation and government activities. Our recent announcement to acquire Universal's trip support services, expected to close in Q4, will add momentum and significantly expand our service offering to our core business and general aviation customer base. Marine faced a challenging quarter amid lower bunker prices and low volatility, but we see strong opportunities for greater cash generation when market conditions shift. Land rebounded significantly from Q2, and we are confident that our accelerating portfolio reshaping efforts will improve financial returns and earnings predictability as we move into 2026. We are nearly through our portfolio sharpening, and Ira, John, Mike, and the rest of our team have my full support to deliver on our strategic plan and drive the business forward. I'll now turn the call over for Ira for a financial review, I guess his last, and his business comments.