Worthington Enterprises, Inc.

Good morning and welcome to the Worthington Enterprises Second Quarter Fiscal 2025 Earnings Conference Call. All participants will be able to listen only 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 Rogi, Treasurer and Investor Relations Officer. Mr. Rogi, you may begin.

Thank you, Regina. Good morning, everyone, and thank you for joining us for Worthington Enterprise's second quarter fiscal 2025 earnings call. On our call today, we have Joe Hayek, Worthington's President and Chief Executive Officer, and Colin Souza, Worthington's Chief Financial 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. Today's call is being recorded, and a replay will be made available later on our WorthingtonEnterprises.com website. At this point, I will turn the call over to Joe for opening remarks.

Thank you, Marcus, and good morning, everyone. Welcome to Worthington Enterprises' fiscal 2025 second quarter earnings call. Our second quarter marks the end of our first full year as Worthington Enterprises. I'd like to start by thanking our entire team for their hard work building this strong foundation and for embracing our philosophy that prioritizes a people-first, performance-based culture to drive shareholder returns. Financially, we had a solid quarter despite mild but persistent macro headwinds. We grew both adjusted EBITDA and earnings per share year-over-year and sequentially from Q1. While we're pleased with our results in Q2, we continue to set our sights higher. We're taking a fresh look at how we do things across the organization We're thinking more like a startup and we're pursuing initiatives to optimize our margins as we grow Worthington. One of the things that sets Worthington apart is our ability to understand our customers' businesses and to partner with them to help drive their success, innovate and open and expand new markets. A great example is our partnership with 3M on the power core engineered cylinder. Our team's engineering prowess, collaborative approach, and relentless energy enabled 3M's October launch of a new water-based adhesive using our PowerCore cylinder, which is intended to make commercial adhesive work for construction and repair-remodel roofing more efficient and effective. Innovation like this is a key element of the Worthington business system that anchors our growth strategy. We continue to innovate in consumer products as well. and our Halo Versa pizza oven was recently named one of this year's best gifts for the holiday season by Food & Wine magazine. We have a number of new product launches planned in calendar 2025, and we are committed to continuing to bring innovation to our markets and our customers. Inorganic growth is an equally important growth driver for us. Our strong balance sheet and ample liquidity position us very well to grow through acquisitions, and we're focused on acquiring market-leading businesses that leverage our strengths, and enhance our margins, free cash flows, and competitive position. We've completed the integration of our most recent acquisition, Regasco, and we are operating as one team in Europe with what we believe is the most comprehensive and sophisticated portfolio of LPG solutions in the world. Another key component of the Worthington business system is sustainability. We see sustainability as both an obligation and a source of strategic advantage for us. Yesterday, we announced that Amtrol Alpha, located in Portugal, Portugal, will produce and bring to market the first sustainable or green propane cylinder made with ArcelorMittal's low-carbon emission steel, which has a 73% lower carbon footprint than traditional steel. Last month, we announced an initiative we're calling the West Africa Clean Cooking Fund, along with a $1 million commitment to that initiative from the Worthington Companies Foundation. that we, along with our industry partners, hope will encourage and facilitate the adoption of clean and safe cooking with LPG in a region where over 250 million people are still dependent on traditional biomass for cooking, which presents significant health, deforestation, and environmental risks. Finally, Newsweek again just recognized Worthington Enterprises as one of America's most responsible companies. I'm very proud to work with people that earn these honors every day because they are committed to being creative, thoughtful, and to doing our part in society. Looking into 2025, we believe our best days are ahead of us. Our people-first culture, market-leading brands, outstanding value propositions, and our commitment to the Wellington business system are core tenets of who we are, and they position us very well moving forward. We'll now turn it over to Colin, who will provide you with some details on our financial performance in the quarter.