Thank you for standing by, and good day, everyone. My name is RG, and I will be your conference operator today. At this time, I would like to welcome everyone to the Superior Industries Fourth Quarter and Full Year 2024 Earnings Call. We are joined this morning by Majdi Abulaban, President and CEO; Dan Lee, Senior Vice President and CFO. All lines have been placed on mute to prevent any background noise. After the speakers' 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 again. Thank you. I would now like to turn the call over to Dan Lee. Please go ahead. Good morning, and welcome to our Fourth Quarter and Full Year 2024 Earnings Conference Call. During our call this morning, we will be referring to our earnings presentation, which, along with our earnings release, is available on the Investor Relations section of Superior's website. I'm joined on the call today by Majdi Abulaban, our President and Chief Executive Officer. Before I turn the call over to Majdi, I remind everyone that any forward-looking statements contained in this presentation or commented on today are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Please refer to slide 2 of this presentation for the full safe harbor statement and to the company's SEC filing, including the company's current annual report on Form 10-K, for more complete discussions of forward-looking statements and risk factors. We will also be discussing various non-GAAP measures today. Non-GAAP measures exclude the impact of certain items and therefore are not calculated in accordance with U.S. GAAP. Reconciliations of these measures to the most directly comparable U.S. GAAP measure can be found in the appendix of this presentation. I now turn the call over to Majdi to provide a full business and portfolio update. Majdi? Thanks, Dan. Good morning, and welcome to our fourth quarter and full year 2024 earnings call. Let's begin with an overview of the year on slide 4. I am incredibly proud of our team's achievement in 2024. We have positioned our company for success like no other time in recent history. Our business is fully restructured, well-invested, and successfully refinanced. We are now the global technology and cost leader in the wheel industry. In a geopolitical environment that favors local and regional manufacturing, Superior stands out among its peers. In a challenging industry environment, we executed major restructuring initiatives, successfully negotiated price adjustments with customers, and transformed our footprint. Despite industry production decline, we delivered strong EBITDA margins in line with the prior year, a testament to our team's solid execution. Our value-added sales were in line with the overall industry, as softening OEM production continued to pressure growth. We completed our European manufacturing transformation in 2024, and with that, all production has been consolidated in our low-cost, highly automated operations in Poland. Our low-cost, local-for-local manufacturing footprint in Mexico and in Poland is now a competitive advantage and positioned Superior to capture demand from OEM customers, seeking shorter, de-risked supply chains. Late last year, we attracted $520 million in new capital and refinanced all of our debt, extending all maturities to 2028. This significant milestone strengthened our financial foundation and provided flexibility for future growth. With the refinancing behind us, we are now more than ever focused on generating cash, accelerating debt reduction, and optimizing our equity base to enhance long-term shareholder value. Turning to our results for the full year, adjusted value-added sales declined 4% year over year, which was in line with the overall industry decline. Adjusted EBITDA margins were 21%, in line with the prior year despite softer industry production. This margin stability highlights partial benefits from the solid execution of our restructuring and transformation actions, as well as the successful negotiations for customer price recoveries. Looking ahead to 2025, we anticipate a 4% decline in industry production based on recent IHS estimates. Despite this, we expect to outperform the market and achieve substantial margin expansion in the back half of 2025. I would add that our 2025 industry production volume and EBITDA assumptions do not reflect the impact of recent tariffs. I will shortly discuss the multifaceted impacts of these tariffs on our company. We are monitoring the situation closely, and as we have more visibility, we will update our outlook. Dan will provide more details on our 2025 guidance in his comments. With regard to our preferred shares, we are engaged in advanced constructive discussions to address the preferred equity in a manner that benefits all of our stakeholders. Turning to slide 5, the midpoint of our 2025 adjusted EBITDA is $170 million. This represents a 16% earnings growth versus 2024 on a relatively flat value-added sales. This improvement is driven by the additional benefit of the remaining wheels being transferred from Germany to Poland, improved capacity utilization in Europe, and structural cost initiatives that we announced in the fourth quarter last year. The results of these initiatives represent a step-change improvement in our cost structure and profitability. Slide 6 highlights our progress on the initiative we announced since 2023, closing the margin gap between our two regions, North America and Europe. I am pleased to share with you that we have now achieved this goal despite lower industry production. With our European manufacturing operations now consolidated in Poland, margins in Europe are now relatively in line with those in North America. I would also add that on a consolidated basis, adjusted EBITDA margin was in line with last year, even with lower production volumes. Turning to slide 7, which highlights the multifaceted impact of tariffs on our business, favorable and unfavorable. First, the recent U.S. tariffs on aluminum will have a neutral impact on Superior due to the pass-through arrangements we have with customers on all aluminum we purchase. Next, incremental tariffs on Chinese imports to the U.S., as well as the potential tariffs on Chinese imports into Mexico, both have a favorable impact on Superior as this action accelerates demand for US MCA localized production, another advantage of our local-for-local footprint. Further, as for the two tariffs related to Europe, tariffs on European imports into the U.S. have a similar favorable impact on Superior as they accelerate European OEM efforts to localize wheel imports utilizing our local wheel production in North America. Further, the EU Commission's announcement this week of increasing tariffs to almost 50% on Chinese wheels imported from Morocco into the EU has a similar favorable impact on Superior, making production at our Poland facilities more attractive for OEMs. This localized production in Europe and in North America positions us favorably compared to other suppliers. I would also note that our readily available production capacity in both regions positions us to benefit from short-term localization efforts. Moving down the slide, the Trump administration's announcement this week of duties on imports from Mexico has a far-reaching impact on the entire automotive industry in North America, given the integration between the two countries. The industry, suppliers, and OEMs will not be able to bear these costs and ultimately will pass these on to the consumer. The impact of this on industry vehicle production remains unclear. I would note that the Mexico tariffs could potentially have an impact on less than 20% of our North America production. Here, our expectation is that these costs will be passed on to our customers. In summary, recent tariff actions in both regions have a multifaceted impact on Superior, potentially favorable and unfavorable. We are closely monitoring this fluid situation and will update our financial outlook accordingly as we gain more clarity. Moving on to Slide 8, which highlights our company's performance since 2019. The key takeaway here: the Superior team has delivered exceptional, consistent execution despite the many curveballs we faced, including declining industry volumes, COVID, microchips, and exponential inflationary pressures. Our focus on our differentiated technologies and delivering lighter and larger wheels with premium finishes has consistently enabled us to outgrow the market. At the same time, our team responded to industry disruptions in the past few years with absolute focus on cost discipline, executing strategic restructuring initiatives, and successfully addressing product pricing. The consistent adjusted EBITDA margins, despite the challenging production environment, are a testament to this effort. Slide 9 highlights our key launches in 2024, which continue to drive growth. Larger and lighter wheels with premium finishes continue to make up a larger proportion of our launches. Our continued focus on delivering differentiated technologies is a key driver in the 33% content-per-wheel growth since 2019. Turning to slide 10, looking ahead, we remain focused on our value creation roadmap, which we laid out several years ago. We now have a differentiated foundation, the powerful combination of our 100% low-cost manufacturing footprint and our comprehensive portfolio of premier technologies. Both are unmatched in the industry, giving Superior a significant competitive edge. With our footprint transformations complete, we are focused on operational excellence and leveraging our differentiated portfolio to drive long-term profitable growth. Moving on to slide 11, which highlights our outlook for the year. As the industry continues to face production headwinds and rising input costs, we expect global auto production to decline approximately 4% in 2025 compared to 2024. Our financial outlook, by the way, does not include assumptions on the net cost of tariffs. For the full year, we are guiding adjusted EBITDA in the range of $160 million-$180 million, reflecting the benefits of our European transformation and other cost-saving actions. This represents a 16% growth in earnings. We also expect to generate approximately $110 million-$120 million of unlevered free cash flow. Dan will provide more details on our outlook in a moment. I will now turn the call over to Dan to review our financial results in more detail. Dan? Thank you, Majdi. Beginning on slide 13, fourth quarter and full year 2024 financial summary. Net sales for the fourth quarter was $310 million compared to the $309 million in the prior year period. For the full year, net sales were $1.3 billion compared to $1.4 billion last year. Fourth quarter adjusted EBITDA was $35 million. The associated margin expressed as a percentage of value-added sales was 21%. For the full year, adjusted EBITDA was $146 million with a margin of 21%. I will provide color on this in the upcoming pages. Net loss was $10 million for the fourth quarter and $78 million for the year. The fourth quarter 2024 year-over-year sales bridge is on slide 14. Value-added sales were down approximately $1 million compared to the prior year quarter, primarily driven by lower unit sales, partially offset by favorable inflation, recovery, and mix. On slide 15, we have the full 2024 year-over-year sales bridge. As you can see for the year, value-added sales were down $57 million, which was largely due to lower unit sales and lumpy price recoveries, partially offset by a favorable product mix. In addition, the lower cost of aluminum led to a $61 million decrease in net sales as aluminum costs were passed through to customers. On slide 16 is the fourth quarter 2024 year-over-year adjusted EBITDA bridge. Adjusted EBITDA for the quarter increased to $35 million compared to $23 million in the prior year period. The adjusted EBITDA margin for the quarter was 21% compared to 14% in the prior year period. This increase was mostly due to enhanced cost performance from both regions, representing both operational and structural improvements. The impact of metal timing and product mix partially offset by lower unit sales. Slide 17 shows the full year 2024 year-over-year adjusted EBITDA bridge. Adjusted EBITDA for the year was down $13 million to $146 million. Importantly, despite lower full-year sales, we delivered adjusted EBITDA margin of 21%, which was in line with the prior year. The year-over-year adjusted EBITDA decline was primarily driven by lower unit sales, unfavorable, and lower recovery of cost inflation from customers primarily in the first half of the year. This was partially offset by favorable product mix, the impact of metal timing, as well as enhanced productivity and lower cost structure as a result of our cost optimization efforts. An overview of the company's fourth quarter and full year 2024 unlevered free cash flow is on slide 18. Cash provided by operating activities was $26 million for the quarter compared to $44 million in the prior year period. The decrease in cash provided by operating activities was driven by higher working capital, partially offset by improved operating performance in the fourth quarter. Capital expenditure in the fourth quarter was $7 million compared to the $12 million in the prior year period, reflecting our successful efforts to reduce capital intensity of the business. There were no cash payments to non-debt financing activities for the fourth quarter compared to the $7 million in the prior year due to timing of dividend payments. Unlevered free cash flow in the quarter was $36 million compared to the $50 million in the prior year period. The decrease in unlevered free cash flow was primarily driven by higher working capital, partially offset by improving operating profitability and lower capital expenditures. For the full year, cash provided by operating activities was $18 million compared to $64 million in the prior year. Higher working capital and lower operating profitability were the primary drivers for the full-year variance. Net cash used in investing activities in 2024 was down $18 million compared to the full year 2023, driven largely by our successful efforts to reduce the capital intensity of the business. For the full year, cash payments for non-debt financing activities totaled $5 million, a decrease of $12 million from 2023, due primarily to timing of dividend payments. For the full year, unlevered free cash flow was $55 million, including $7 million of refinancing fees compared to unlevered free cash flow of $80 million in the prior period. The variance was primarily driven by higher working capital, lower operating profitability, and refinancing fees, partially offset by lower capital expenditures. An overview of the company's capital structure as of December 31, 2024, can be found on slide 19. Total cash on the balance sheet as of year-end was $49 million, and we had zero drawn on our $60 million revolving credit facility. Total debt at year-end was $520 million, down $118 million compared to December 31, 2023. Superior's debt maturity profile as of December 31, 2024, is on slide 20. As previously announced, we successfully completed our debt refinancing in 2024, attracting $529 million in new capital and extending our new-term loan facility maturity to 2028. This strategic move strengthens our balance sheet and improves our financial flexibility, positioning us for long-term growth. The full year 2025 financial outlook is on page 21. For the full year 2025, we expect net sales to be in the range of $1.3 billion-$1.4 billion, and value-added sales in the range of $650 million-$700 million. The sales reflect the realization of the full impact of the transfer wheel from Germany to Poland and light vehicle production in our markets generally consistent with IHS forecasts. We expect adjusted EBITDA of $160 million-$180 million. The improved EBITDA midpoint in 2025 is driven by realizing the benefits of the additional remaining wheel that transferred from Germany to Poland and the cost reduction initiatives that were announced in Q4. 2025 unlevered free cash flow is expected to be in the range of $110-$130 million, highlighting the cash-generating power of our enterprise driven by improved profitability, improved working capital, and lower cash costs related to restructuring. This range considers the advanced discussions we are currently having regarding liquidity with our lenders. Finally, we expect $35 million in capital expenditures as we strategically invest in our business, specifically targeting additional automation to drive additional cost reduction. We model a 20%-30% effective tax rate to 2025. Note that the outlook that we are providing today does not represent the impact of the dynamic geopolitical environment regarding tariffs, which, as described by Majdi, could represent both headwinds and tailwinds as all the details unfold. In conclusion, I want to thank the Superior team for their hard work and commitment in 2024. We achieved several critical milestones this year, positioning us strongly for future growth and cash generation. Our focus remains on further strengthening our financial profile and leveraging our unmatched portfolio brands and local-for-local footprint to deliver sustained growth and enhanced shareholder value. This concludes our prepared remarks. I want to thank everyone for joining us today. Majdi and I are happy to take questions. At this time, I would like to remind everyone in order to ask a question, press star then the number one on your telephone keypad, and we would like to ask all participants to limit your question into one. We will pause for just a moment to compile the Q&A roster. Your first question comes from the line of Michael Ward of Freedom Capital. Please go ahead. Majdi, on that chart on page seven, what implications does that have for capacity both in Europe and in North America? I thought you were pretty tight on capacity given kind of the business you have in place. How much flexibility do you have with capacity as far as bumping it up if you had opportunities to pick up some share? Good morning, Mike. Thanks for joining. Yeah. Listen, I think you may be referring to the period when we were making the transfer of those wheels when we exited our German operations and we transferred the wheels to Poland. Where we're at today, Mike, we have excess capacity in both regions, and we're highlighting that because it's really turning out to be a great asset. We've made certain investments that improve bottlenecks. Right now, we have about 20% excess capacity both in Europe and in Mexico. Maybe in a bit, I'll tell you about some recent developments where, because of all these geopolitical headwinds on tariffs, we're in advanced discussions with many customers both in Europe and in Mexico as well to absorb short-term business. If you recall, last time we talked about a very quick win with the Japanese OEM back in November that is going in production actually as we speak. We have a recent win here a couple of weeks ago with a customer that is totally dependent on China imports where they want us to start production in a couple of months. You asked a very important question. We do have capacity, and we think it's going to turn out very well for us. If you would like to ask a question, press star one on your telephone keypad. Your next question comes from the line of Gary Prestopino of Barrington Research. Please go ahead. Good morning, Dan and Majdi. How are you guys? Good. Good. Good. I just want to say, given what you guys have been facing here and what you've done with the company, you've just done sensational work. Hopefully, this is going to start getting reflected in the value of the stock. I have several questions, and I don't know if I'm going to be able to ask them without getting half to get back in the queue. First of all, you're talking about your guidance, really, based on slightly negative to flat units in North America and Europe, slightly negative units. I believe there was a slide there. You must have said, may have said something that IHS is predicting a 4% decline in unit production. I assume that's in your markets for 2025. Is some of that discrepancy, if I'm correct in that assumption, due to the fact of new business wins and then what you're anticipating in Europe from the tariffs on wheels from Morocco to Europe? Can you just explain that? Yeah. Let me answer the market part of your question. The view is the market combined in North America and Europe will be down about 4%, Gary. Europe is going to have a tough year. Europe is about 6%. I'm giving you IHS numbers. North America is going to be down 2%. Actually, the first quarter is going to be very challenging. Europe is going to be down double digits, Gary. From our perspective, we're guiding slightly ahead of market, and you really nailed it. We have a couple of things going on in Europe. We have good mix, and we also have a segment of our business which is in the aftermarket. Recall we talked about it last year that continues to deliver solid growth. In North America, we finished the year in North America quite strong, significantly ahead of market. As we go into 2025, we're going steady state with some of these programs. We do have a couple of, I call them, short-term wins here, the ones that I mentioned when I was talking to Mike, that are going to be in production. In the guide, we expect both regions because of what I just described to perform ahead of market. What we don't have, Gary, in the guide is what I talked about earlier, very early in my remarks, whereby because of our local-for-local footprint, because of our immediately available capacity, we are in advanced dialogues with a lot of customers for additional localization business, and that is short-term. We could be looking at additional business that would go in production even in 2025 that is not reflected in our guide. Yeah. Also, Gary, good morning. Please remember in our comments that there's some volume related to the transfer of wheels from Germany to Poland. We only saw a portion of that in 2024. We expect to see the balance of that in 2025, which also is offsetting some of the IHS volume decline. Okay. Just to follow on on that, when you're talking about these short-term business wins, when you sign up someone like that that maybe had been, let's just say hypothetically, using a Chinese manufacturer, and they come to you and say, "Okay, we want you to start producing wheels," I mean, how long is that? How long are you making them or requiring them to sign a contract for? This tariff thing is so fluid. I'm sorry. Gary, yeah. That's a good question. I need to define my use of the word short-term win. What I'm referring to is in the automotive industry, as you know, we work on a three-year cycle, right? So we ordered something today. We launch it in two and a half years. I'm referring to short-term that we have to go into SOP very quickly, all hands on deck. Normally, you are not able to do that in three to four months. Because we have the existing capacity, and frankly, our team has done a few of these now, they know how to turn on a dime and start production in six months. To your question, all these contracts, you can disregard the word use of short-term. All these contracts are long-term contracts. They're north of five years in each one of those. Okay. Okay. Great. All right. I'll just get back in the queue. Thank you. Your next question comes from the line of Michael Ward of Freedom Capital. Please go ahead. Thanks again, everyone. Dan, I wonder if we could focus a little bit on the moving items on the cash flow side. The timing of the preferred dividends you mentioned, working capital is an item. I think that comes back in one Q. As it relates to the preferreds, is there the stop dead date in September? Can that be extended? Can you give us any color on what's happening with the potential agreement on that side? For the preferred, number one, the dividends, we are PIKing the dividends, as you know already. That's what the timing is related to. In terms of September, and obviously, it's in our note in note 11 in the K. What we're planning on doing, clearly, it's one, it's an optional redemption. That's number one. Number two, that redemption is contingent on the company's ability to pay the proceeds. Can you repeat that? I didn't quite follow that. It's an optional redemption, but that redemption is at the discretion of the board to approve the payment. To approve the payment, we have to be able to fund the payment. Does that make sense? I think so. We have to have the ability to pay. It's in the K. Okay. You have to have the ability to pay it. Okay. That's in the K in note 11, is what you're referring to? Yes. Okay. Perfect. Are they going to shut me off, or do I have another question? No, go ahead. Go ahead, Mike. Go ahead. Okay. Majdi, you mentioned something about 20% exposure with Mexico. Can you define that? I mean, how is that? If you're exporting wheels. I'm happy to do that. What I was referring to is our Incoterms on our North America production, which, as you know, all the wheels we produce in North America are done in our Chihuahua plants. Eighty percent of the production, the Incoterms are such that our customers pick up the wheels from our plants, and they are the importer of record. That's what I mean by that. Oh, I see. Okay. Okay. There's a couple of customers, which is less than 20% of my production, actually far less than that, but we want to be conservative, where we're having dialogues. We're engaged with them. Everybody in the industry, as you know, is engaged with customers. The industry cannot absorb this. Our exposure is kind of unique. It's far less than the usual, I would say. Yeah. Is it unusual that the customer would pick the wheels up from your plant rather than you deliver them? I think it depends on the commodity. I think it depends on the commodity, Gary. I think it is less common. I would say it's less common, yes. Okay. Very good. Thank you very much. Hey, Mike. Sorry. Correction. It's note 10. It's note 10. Not 11. Note 10. Great. Okay. And that'll be out later today? Yes. Awesome. Thank you. Again, if you would like to ask a question, press star one on your telephone keypad. Your next question comes from the line of Gary Prestopino of Barrington Research. Please go ahead. Thanks, guys. Hey, Dan, could you maybe just go over some of the covenant numbers in terms of leverage ratios that you have with the new capital structure? Sure. The covenant ratio is 3.75 Q4 and in Q1, and then the ratio drops to 3.5 at the end of Q2. It holds flat. Right. That is on adjusted EBITDA plus stock comp, so you're adding back stock comp in there? Ye s. Okay. There is nothing in there that deals with the preferred in any way, shape, or form. The debt's been de-linked from the preferred, correct? Correct. Okay. All right. Thank you. That ends our Q&A session. We appreciate your participation. I will now turn the call back over to Majdi Abulaban for closing remarks. Please go ahead. Thank you, RG. Before we conclude today's call, I want to emphasize that we're absolutely excited about where we're at. We have a business that is fundamentally competitively advantaged in many ways. Geopolitical localization tailwinds are in our direction. All the restructuring and all the heavy lifting is behind us. We expect our team's hard work to pay dividends, as we highlighted in our guide. I do want to thank the entire Superior team for putting our company in this position. Thank you for joining our call today. Ladies and gentlemen, that concludes today's call. Thank you all for joining. You may now disconnect.