Welcome to the 2025 Annual Meeting for The Greenbrier Companies, Inc. Our host for today's call is Admiral Tom Fargo. At this time, all participants will be in a listen-only mode. I will now turn the call over to Tom Fargo. You may begin. Thank you, Betsy. Good morning. This is Board Chair Tom Fargo. Thank you for joining Greenbrier's 2025 Annual Meeting of Shareholders. I'm pleased to welcome you here today. Over the last several weeks, we offered shareholders an opportunity to ask questions online for consideration at this meeting. That time is now ending, and we ask that you complete these submissions. There is a text box in the meeting portal through which you may submit questions. Please see the Shareholder Meeting Rules document on the screen to learn more about the questions that will be answered at this meeting. When I call the meeting to order, the opportunity to submit questions that we can answer today will conclude. But we're always happy to receive questions at investor.relations@gbrx.com. As we begin, we are joined by a representative from KPMG, our independent auditors. The representative is available to address any properly submitted questions related to its independent audit of Greenbrier's financial statements. If you have not already, you will have the opportunity to vote your shares. Relevant materials for today's meetings are at the bottom right-hand side of your screen. I'd like to recognize the Greenbrier management participants with us today. Lorie Tekorius, CEO and President, is in the room. Also joining us are Michael Donfris, Chief Financial Officer, and Justin Roberts, the Vice President of Corporate Finance and Treasurer. Christian Luckey, Greenbrier's Chief Legal and Compliance Officer, is here as the Inspector of Elections. I now officially call this meeting to order. Christian, will you please review voting formalities? My pleasure. Notice was provided to shareholders on November 14, 2024. A quorum is present. The meeting is duly constituted. We may proceed with business. Thank you, Admiral Fargo. So the polls are open. If you have previously voted over the internet, by phone, or by mail, you do not need to take any action. If you have previously voted and wish to change your vote, please do so before the polls close. Once the polls close, we will announce the preliminary results. If you wish to vote during the meeting, you may do so by clicking the "Vote Here" button on the meeting portal screen. Portions of this meeting may contain forward-looking statements about Greenbrier's business opportunities and anticipated results. Please keep in mind that forward-looking statements are subject to many risks and uncertainties. Actual results may differ materially from what's projected. Many of these risks and uncertainties are described in Greenbrier's most recently filed 10-K and other SEC filings. Greenbrier released Q1 results and hosted its earnings call with analysts yesterday. We also prepared our annual year-end review video. You can access both on the investor page on our website. Lorie and I will now review the three proposals for consideration today. We did not receive notice in accordance with our bylaws of any additional matters. Therefore, no other proposals or nominations may be included. Lorie, can you start us off? Of course. The first item on the agenda is the election of three directors to serve as Class III Directors for a three-year term. The board has recommended the following slate of nominees: Admiral Fargo, Ambassador Garza, and Mr. Huffines. The experience and qualifications of each of the nominees are described in our most recent Proxy Statement, which is accessible at the meeting portal. Our board recommends that shareholders vote for all of these nominees. Admiral Fargo, will you please share the next agenda item? Thanks, Lorie. The second item on today's agenda is to approve by advisory vote the compensation of our named executive officers, as disclosed in the proxy. We actively engage with our shareholders and look for feedback in a range of areas, including our compensation policies and practices. Although this vote is non-binding, the say-on-pay vote will provide valuable insights to us regarding investor sentiment about our executive compensation philosophy, policies, and practices, which the Compensation Committee will consider when determining executive compensation. Our executive compensation program links a significant amount of compensation to the achievement of pre-established financial metrics and business goals that are directly tied to our overall business strategy. We believe that our executive compensation program attracts and retains key executives and incentivizes our management team to create shareholder value by balancing growth and return on capital at all points in the business cycle. Our Board recommends a vote for approval of executive compensation. The third and final item on our agenda is to ratify the selection of KPMG as the company's independent auditors for fiscal year 2025. Our Board recommends that shareholders vote to ratify KPMG. As earlier noted, there are no other proposals for consideration. Now that all proposals have been presented and everyone has had the opportunity to vote, I declare the polls for the 2025 Greenbrier Annual Shareholder Meeting closed. I understand that the votes have been counted. Christian, can you please present the preliminary report of the Inspector of Elections? Certainly. Each of the director nominees has been elected by more than 97% of all votes cast. The compensation of the company's named executive officers has been approved by 98% of all votes cast. Ratification of KPMG as the company's independent auditor has been approved by 99% of all votes cast. We will file an 8-K to report final voting results. This completes the preliminary report of the Inspector of Elections. Thank you, Christian. Now I'll introduce Justin Roberts, our Vice President of Corporate Finance and Treasurer, to share any questions we've received from the web portal. Justin? Thank you. We did not receive any additional questions in the web portal. And so with that, I'll turn it back to you to conclude the meeting. Thank you, Justin. Since no questions were submitted, this concludes Greenbrier's 2025 Annual Meeting. In addition, since there are no other matters to properly come before the meeting, I will now adjourn. Thank you for joining us today, and we appreciate your continued support. Happy New Year. Happy New Year. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.