Worthington Enterprises, Inc.

Hello and welcome to the Worthington Enterprises Third Quarter Fiscal 2024 Earnings Conference Call. All participants will be in a listen-only mode until the question and answer session of the call. This conference is being recorded at the request of Worthington Enterprises. If anyone objects, you may disconnect at this time. I'd now like to introduce Marcus Rogge, Treasurer and Investor Relations Officer. Mr. Rogge, you may begin.

Thank you, Sarah. Good morning, everyone, and welcome to Worthington Enterprise's third quarter fiscal 2024 earnings call. On our call today, we have Andy Rose, Worthington's president and chief executive officer, and Joe Hayek, Worthington's chief financial and operations officer. Before we get started, I'd like to note that certain statements made today are forward-looking within the meaning of the 1995 Private Securities Litigation Reform Act. These statements are subject to risk and uncertainties, that could cause actual results to differ from those suggested. We issued our earnings release yesterday after the market closed. Please refer to it for more detail on those factors that could cause actual results to differ materially. In addition, our discussion today will include non-GAAP financial measures. A reconciliation of these measures with the most appropriate comparable GAAP measure is included in the earnings press release, which is available on our investor relations website. At this point, I will turn the call over to Andy for opening remarks.

Thank you Marcus and good morning. I want to welcome everyone to our first full quarter as Worthington Enterprises. We have hit the ground running and are already delivering solid results as evidenced by our adjusted EBITDA of 67 million and adjusted earnings per share of 80 cents. While there are a number of one-time items mostly related to the separation which Joe will run through, we are proud of our people and their ability to stay focused over the past year. I remain as excited as ever about Worthington Enterprises and our opportunity for long term value creation. Our consumer products, building products, and sustainable energy businesses represent a strong franchise of market leading products and brands that will enable people to live safer, healthier, and more expressive lives. We have a unique and proven growth platform that has been purposefully created using deep industry expertise, a performance driven people first culture, and the best employees in the world, and a thoughtful long-term investment strategy. We find the best product opportunities, invest to drive value at scale, and build sustainable advantage through safety, quality, service, and a reputation for doing the right thing for our customers. The Worthington business system of transformation, innovation, and M&A is well entrenched and enables us to grow faster and deliver on our number one goal of generating attractive returns for our shareholders. Our transformation playbook, now in its third evolution, continues to provide a systematic approach for improving our commercial operations and supply chain functions, enhancing the top and bottom line for our businesses. Innovation is now a deeply embedded competency that we put to work across our business from process innovation to new product development, which we intend to make best in class with a pipeline that will distinguish us from competitors and provide enhanced value to our customers. And finally, our expertise in strategic M&A will help us drive growth and higher returns as we add new products, new brands, and consolidate markets. To that end, we recently welcomed Halo Products into our portfolio of brands, offering an innovative collection of pizza ovens, pellet grills, and griddles that is disrupting the outdoor living space. This acquisition immediately accelerates years of product development for us with its lean and capable team. And while it's early days, the company is already benefiting from our relationships with major retailers and gaining greater access to our capital and expertise to drive accelerated direct-to-consumer marketing and sales. This is a nice example of the Worthington business system at work and how we build market-leading businesses. We are disciplined stewards of capital, not only making new investments to deliver long-term value creation, but also redeploying capital in situations where we can earn a better return. We're off to a good start in our first quarter as Worthington Enterprises, and Joe will now walk you through the numbers.