Worthington Enterprises, Inc.

Hello, everyone. Thank you for joining us and welcome to the Worthington Enterprises fourth quarter fiscal 2026 earnings call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again. I will now hand the conference over to Marcus Rogier, Treasurer and Investor Relations Officer. Marcus, please go ahead.

Thank you, Paige. Good morning, everyone, and thank you for joining us for Worthington Enterprises' fourth quarter fiscal 2026 earnings call. On the call today are Joe Hayek, our president and chief executive officer, and Colin Souza, our chief financial officer. Before we begin, I'd like to remind everyone that certain statements made during today's call are forward-looking in nature and subject to risk and uncertainties that could cause actual results to differ materially from those expressed or implied. For more information on these risks and uncertainties, please refer to our earnings release issued yesterday after the market closed, which is available on the investor relations section of our website. Additionally, our remarks today will include references to non-GAAP financial measures. Reconciliations of these measures to the most directly comparable GAAP measures can also be found in the earnings release. Today's call is being recorded and a replay will be available later on our website at worthingtonenterprises.com. With that, I'll turn the call over to Joe for opening remarks.

Thank you, Marcus. Good morning, everybody. And my welcome to this Worthington Enterprises fiscal 2026 four-quarter earnings call. Fiscal 2026 was an important year for Worthington Enterprises. We delivered 20% sales growth, 9% of that was organic growth, and 12% adjusted EBITDA growth. generated $170 million of free cash flow while successfully reducing SG&A as percentage of sales by 200 basis points. We acquired and began the integration of both Elgin and LSI. These results demonstrate the strength of our portfolio, our strategy, and most importantly, our people. We achieved these results while navigating tariffs, global conflicts, supply chain challenges, and continued uncertainty around the health of the U.S. economy. Through it all, our business remained resilient and focused on serving our customers, a reflection of our talented and dedicated teams. To all my colleagues around the world, thank you. We have much to be proud of and even more to look forward to. In the quarter, driven by great work across our teams, sales increased by 17% and organic growth was 3%. Net earnings increased to $48 million from $4 million a year ago. Adjusted net earnings were $48 million, and adjusted EBITDA was $83.5 million. Pre-cash flow was $55 million, our highest quarterly cash flow at Woodington Enterprises, despite elevated capital spending associated with our ongoing facility modernization projects. While we were pleased with the quarter, our adjusted EBITDA and margin performance were impacted by two factors. Lower earnings from car district compared with a strong prior year quarter and margin pressure in our cooling and construction business, which Colin will spend a few minutes on later. All of our other only on value streams saw year-over-year growth in adjusted EBITDA during the quarter. Additionally, we believe the dynamics that created those headwinds for our cooling and construction business are more a timing issue than anything systemic. Our results reflect continued execution around the core pillars of our strategy, optimizing and growing Worthington as we deliver value to customers and leveraging the Worthington business system and its three growth drivers, innovation, transformation, and acquisitions. Innovation remains the key driver of our organic growth strategy. Last quarter, we discussed our ASME water tanks used for liquid cooling and data centers, and momentum there continues to build. That business is a great example of how an innovation mindset creates entirely new opportunities for us. We shipped approximately 13 million of ASME tanks for data centers during fiscal 2026. We currently expect to ship at least that much in the first quarter of fiscal 2027. Domain continues to grow, and we're investing in additional equipment and capacity to support the opportunities we see ahead. Because we leaned in from an engineering, innovation, In solutions development perspective, what began as a promising opportunity is increasingly becoming a growth platform close. We innovate in emerging end markets to create opportunities for growth, but we also drive innovation into more mature markets where growth can be harder to achieve. A great example is Balloon Time. The Balloon Time Mini continues to drive momentum in our celebrations business. They recently secured new placement in a majority of Walmart stores for that product as consumer adoption continues to grow. During fiscal 2026, our teams continued to focus on productivity improvements across our network through transformation. These efficiency gains, driven by automation and AI-enabled technologies, continued to help us drive growth and operating leverage and contributed to our 150 basis points reduction in SG&A as a percentage of sales in the quarter. The success we're having with 8020 in our water business has led us to launch a similar initiative in our camping gas and torch business, and we're excited about the impact 8020 can have on those value streams. Our acquisitions of Elgin and LSI are excellent examples of the type of strategic M&A we prioritize. Integration of both businesses is on track, and we feel very good about their growth prospects and the expanded capabilities they provide us. Together, they strengthen our position across the building envelope and allow us to offer increasingly comprehensive solutions to our customers. Worthington was founded in Columbus, Ohio, more than seven years ago. We've always believed that people are our most important asset. We were grateful in Q4 to be named the top workplace in Central Ohio for the 14th consecutive year, our second year as Worthington Enterprises. We are also recognized as one of America's most charitable companies and one of America's most patriotic companies. Honors that reflect our commitment to our communities and to our people. We're particularly proud of those and that recognition this year as we celebrate America 250. Several of our market-leading brands are also celebrating significant milestones this year, a testament to the resilience, innovation, and enduring relevance that defines our portfolio. Balloon Time is celebrating 40 years. Antral, 80 years, and Burns & Maddock, 150 years. As we enter fiscal 2027, we're operating from a position of strength. We have leading brands, attractive end markets, a strong balance sheet, significant free cash flow generation, and multiple avenues for growth. Most importantly, we have a talented team executing a proven strategy. We're excited about the opportunities ahead, and we remain focused on creating long-term value for our shareholders. I will now turn it over to Colin, who will take you through some additional details related to our financial performance in the quarter.