Zurn Elkay Water Solutions Corporation

David Pauley, Chief Financial Officer, and Brian Wintland, Director of FP&A for Zern LK Water Solutions. A replay of the conference call will be available as a webcast on the Companies-Investor Relations website. At this time, for opening remarks and introductions, I'll turn the call over to Brian Wintland.

Good morning, everyone, and thanks for joining the call today. Before we begin, I'd like to remind everyone that this call contains certain forward-looking statements that are subject to the Safe Harbor language, containing the press release that we issued yesterday afternoon, as well as in our filings with the SEC. In addition, some comparisons will refer to non-GAAP measures. Our earnings release and SEC filings contain additional information about these non-GAAP measures, why we use them, and why we believe they are helpful to investors, and contain reconciliations to the corresponding GAAP information. Consistent with prior quarters, we will speak to certain non-GAAP metrics as we feel they provide a better understanding of our operating results. These measures are not a substitute for GAAP. We encourage you to review the GAAP information in our earnings release and in our SEC filings. With that, I'll turn the call over to Todd Adams, Chairman and CEO of Zern LK Water Solutions.

Thanks, Brian, and good morning. Hopefully everyone's had a chance to read through the release and the charts, so I'll just get right to it on page three. The underlying momentum in our business continued in the second quarter as we posted 8% organic growth, EBITDA grew 13% -over-year, and margins expanded 120 basis points. As we discussed last quarter, we continue to have high confidence in the resilience of our end markets, the benefits we're seeing in our targeted growth initiatives, and finally, our proven ability to navigate the current global tariff environment with the robust supply chain capabilities and experience we've built. Underpinning all of that is our culture of continuous improvement, driven from our deployment of the Zern LK business system. Last quarter, we reiterated our full year outlook and provided a framework for what the impact of tariffs and our resulting actions could look like. As things have evolved and changed over the last 90 days, that framework has only improved despite the inclusion of some new items like the 232 copper tariff, as well as various trade deals that have been announced as finalized. As a result of our core business trajectory and inclusion of the now more known tariff situation, we're raising our outlook for the year as it relates to top line growth, EBITDA, and free cash flow. Like we said last quarter, and we'll probably say several more times this morning, our approach to our outlook this year will be to take things a quarter at a time because there's been several scenarios as to how all of this change could have played out, and yet we find ourselves raising guidance here midway through the year. The thing that's unchanged from the first quarter is our confidence to navigate through all of this in a way that will drive not only great results over the balance of this year, but into 2026 and beyond. Now I'll hand it over to Dave to take you through some more color on the quarter.