Operator

Good day, and thank you for standing by, and welcome to the Howmet Aerospace Earnings First Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note that today's event is being recorded. I would now like to turn the conference over to Paul Luther, Vice President of Investor Relations. Please go ahead.

Paul Luther
Vice President of Investor Relations

Thank you, Chris. Good morning, and welcome to the Howmet Aerospace First Quarter 2026 Results Conference Call. I'm joined by John Plant, Executive Chairman and Chief Executive Officer; and Patrick Winterlich, Executive Vice President and Chief Financial Officer. After comments by John and Patrick, we will have a question-and-answer session. I would like to remind you that today's discussion will contain forward-looking statements relating to future events and expectations. You can find the factors that could cause actual results to differ materially from these projections listed in today's presentation and earnings press release and in our most recent SEC filings.

In today's presentation, references to EBITDA, operating income and EPS mean adjusted EBITDA, adjusted operating income and adjusted EPS. As noted in today's materials, we have removed the term excluding special items from the titles of non-GAAP financial measures as well as simplify the definitions of adjusted EBITDA and adjusted EBIT.

While