AirBoss of America Corp.

Thank you for standing by. My name is Eric, and I will be your conference operator today. At this time, I would like to welcome everyone to the Q3 2025 conference call for Airbus of America. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I would now like to turn the call over to Gren Shock, Chairman and Co-CEO. Please go ahead.

Thank you, Eric. Good morning, everyone, and thank you for joining us for the Airbus Third Quarter Results Conference Call. My name is Gren Shock. I'm the Chairman and Co-CEO of Airbus. With me today are Chris Bitsakakis, our President and Co-CEO, Frankie Antilli, our CFO, and Chris Fegel, our EVP and General Counsel. Our agenda today will start with a review of the operational highlights of the quarter, followed by a discussion of our financial results before we open the conference line to questions. Before we begin, I'd like to remind listeners that our remarks today contain forward-looking statements, including our estimates of future developments. We invite listeners to review risk factors related to our business in our annual information forum, and our MD&A, both of which are available on CDAR Plus and our corporate website. Also, we discussed certain non-GAAP measures, including EBITDA. Reconciliations of these measures are available in our MD&A. And finally, please note that our reporting currency is U.S. dollars. References today will be in U.S. dollars unless we indicate otherwise. With that, I'll now turn the call over to Chris Mitsakakis for the operational review.

Thank you, Glenn, and good morning, everyone. Airbus experienced some real positive traction in Q3 2025 compared to Q3 2024, mainly driven by significant increases in Airbus manufactured products defense products business, partially offset by reduced volumes of Airbus rubber solutions. During the quarter, Airbus maintained its focus on risk mitigation plans, including further cost reductions and efficiency improvements to build both momentum at ARS and AMP while continuing to navigate obstacles related to economic and geopolitical challenges, including market softness, the U.S. government shutdown, tariffs, inflationary pressure, and the potential for further escalating and retaliatory tariffs. Uncertainty is expected to persist in the short to mid-term, with volume recovery difficult to anticipate, as any recovery could be impacted by further tariffs, duties, other restrictions, or trade or geopolitical and economic challenges. The company commenced the relocation of its facility in Chesapeake, Maryland, to Auburn Hills, Michigan, a key step in improving long-term efficiency at Airbus manufactured products. This transition will consolidate operations and is expected to reduce fixed costs and better align AMPs defense production. Now, given the cross-border nature of the company's operations, a significant portion of the products manufactured by the company in Canada are sold into the United States and may be subject to current or pending tariffs, as well as additional tariffs which could be enacted. Despite the fact that the majority of Airbus products are covered under the USMCA CUSSMA, the company continues to evaluate and execute on contingency plans to deal with any future potential challenges that may present themselves as KUSMA gets renegotiated. Despite the increased economic uncertainty, disruption of trade flows, and increased costs and strains on supply chains, manager remains focused on the successful conversion of key opportunities to support future growth. ARS experienced continued softness in Q3 2025 compared to Q3 2024. Compared to last year, the segment experienced both revenue contraction and reduced margins driven by overall softness in most customer sectors, primarily caused by the shifting tariff situation as customers in the United States continue to manage their exposure created by tariffs on global supply chains. ARS remains committed to executing on its strategy to deliver strong results by focusing on specialized products, expanded production of a broader array of compounds, and enhanced flexibility in securing and launching new accounts. As a segment, ARS continued to invest in research and development during the quarter, to support enhanced collaboration with customers while preparing to launch new products. AMP experienced notable improvement in Q3 2025 compared to Q3 2024, primarily due to the defense products business continuing deliveries on previously announced contracts and a focus on its footprint optimization to help support profitable growth. Despite the disruptions associated with the U.S. government shutdown, Management at AMP maintained its focus on operational improvements during Q3 2025, with further initiatives focused on fixed cost reductions and continued work with key customers to leverage opportunities aligned with its growth initiatives. The defense products business continues to work closely with its suppliers and government partners to mitigate the previously announced delays to the Vandelier program, with deliveries resuming in the final weeks of Q3 2025 and into Q4 2025, with completion expected in early 2026. The rubber molded products operations were impacted by continued volume softness related to the original equipment manufacturers, the OEMs, due to evolving impact of tariffs in the automotive sector. This business continued its focus on managing costs and a commitment to drive efficiencies and best-in-class automation, as well as diversification of its product lines into adjacent sectors. Despite the many ongoing challenges in the U.S. industrial economy, year-to-date Airbus consolidated performance has shown significant improvement year-over-year. EBITDA is up by 13 million. Adjusted EBITDA is up by $9 million. Cash from operating activity is up $24 million. Net debt is down by $16 million from the beginning of 2025. And most importantly, net debt to trailing 12 months adjusted EBITDA has dropped from 4.67 times at the end of Q3 2024 to 2.7 times at the end of Q3 2025. These metrics are strong indicators that the efficiency improvements across the enterprise, along with successful launch and execution of new program awards, are driving strong improvements year over year for Airbus. While our short and medium term actions are driving measurable improvements, The company's long-term priorities continue to be the growth of the core rubber solutions by emphasizing rubber compounding as the core driver for sustainable growth and productivity, focusing on innovation and custom rubber compounding while aiming to expand market share through organic and inorganic means. At the same time, driving a growth strategy in EMP is critical for us as we focus on an expanded range of rubber molded products, and making sure that we are well-positioned to take advantage of increased defense spending globally. Airbus continues to focus on these long-term priorities while investing in core areas of the business to expand a solid foundation that will support long-term growth on the foundation of the recently implemented efficiency improvements. I will now pass the call over to Frank for the financial reviews.