Good morning, and thank you for joining today's fiscal 2024 Q1 conference call. Earlier this morning, we issued an earnings press release, which has been filed with the SEC on Form 8-K, and is also available on the investor relations section of our website. Additionally, the slides for this conference call can be found on our IR website under News and Events, IR Calendar, Earnings Conference Call Q1 2024. During the call, we will discuss some items that do not conform to generally accepted accounting principles. We have reconciled those items to the most comparable GAAP measures in the tables at the end of the earnings press release. These non-GAAP measures should be considered in addition to, and not as a substitute for, measures of financial performance reported in accordance with GAAP. I would like to remind you that during this call, we may make certain forward-looking statements regarding our company. Please refer to our annual report and most recent quarterly report filed with the SEC for more information regarding our forward-looking statements, including the risks and uncertainties that could impact our future results. Our actual results might differ materially from those contemplated by these forward-looking statements, and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments, or otherwise, except as might be required by law. Now, I would like to introduce Bruce Thames, our President and Chief Executive Officer, for his opening remarks. Thank you, Ivonne. Good morning, everyone. Thank you for joining us today. I'll start today with a quick overview of Thermon. We're a world leader in providing safe, reliable, and innovative mission-critical industrial process heating solutions to customers in 85 countries from facilities on four continents. Our nearly 1,400 employees have an industry-leading safety record and are dedicating to creating value for our customers and shareholders by executing our strategic long-term plan, which I'll cover in more detail on the next slide. In order to create long-term value for our shareholders, we're guided by our three strategic pillars. First, profitably growing our installed base. Second, decarbonization, digitization, and diversification to drive additional growth. Third, disciplined capital allocation. As the global leader at the forefront of applying innovative process heating technology to solve critical thermal engineering problems for our customers, we benefit from a very large installed base. This enables us to capture recurring revenues and drive growth across our traditional end market verticals, while our culture of continuous improvement supports margin expansion. In addition to capturing share across our traditional end markets, we're also pursuing three new areas to drive additional growth around decarbonization, digitization, and diversification. We're expanding our sales and marketing efforts in these areas that utilize our core heating technologies to diversify our end markets, with a goal of having approximately 65%-70% of our revenues come from end markets outside of oil and gas by the end of fiscal 2026. Our digitization strategy is progressing well as we continue to expand our range of digital solutions that help our customers to optimize monitoring and maintenance across their facilities. We're also enabling the energy transition as we supply our customers with products and solutions that help them achieve their sustainability goals around electrification and decarbonization. Finally, our commitment to a disciplined capital allocation strategy underpins our first two strategic pillars. Our robust balance sheet enables us to drive organic growth through reinvestment in our business to meet our fiscal 2026 goals. We're also well positioned to pursue inorganic growth through highly strategic bolt-on acquisitions that meet our financial objectives. Turning now to slide 5 on Thermon solutions for energy transition. This quarter, we'd like to share with you some of the ways that Thermon's products and solutions enable the energy transition. On slide 5, you can see the range of Thermon's current electric heating products that can be used in both green and blue ammonia applications. These include electric immersion heaters, electric heat tracing systems, and electrically heated tubing bundles. Hydrogen is an important piece of a sustainable energy future, but it's difficult to transport via pipeline or other traditional means due to a phenomenon called hydrogen corrosion cracking or HCC. HCC can embrittle and weaken steel, resulting in shorter asset life or unanticipated failures. By adding nitrogen to hydrogen, ammonia is created, which is much easier to transport via pipeline or other means. As a result, ammonia plants are an important part of enabling the use of hydrogen as a sustainable energy source. Green ammonia uses renewable energy, such as wind or solar power, to produce hydrogen via electrolysis. Blue ammonia is produced when natural gas is cracked to generate hydrogen and CO₂, where the CO₂ is then captured and sequestered. In either case, produced hydrogen is then combined with nitrogen to create ammonia. The global ammonia market is estimated to grow at a 5.8% compounded annual growth rate (CAGR) through 2032. Electric heaters play a crucial role in various stages of heating within ammonia plants. They're used to provide indirect heat at various stages of the process, via heat transfer fluids, such as molten salts or hot oils. They can also be used to directly heat reactants or to provide process heating for ammonia synthesis. In addition to their environmental benefits, electric heaters can also provide cost savings for ammonia plants. They offer precise and efficient heating, reducing energy consumption and minimizing downtime. With their compact size and easy installation, electric heaters also have a smaller footprint than traditional heating systems, allowing for more efficient use of space. Thermon's existing range of electric heating solutions, combined with our expertise in industrial process heating, make us an ideal partner to ammonia producers looking to improve their sustainability and efficiency. Turning now to slide 6 on new Thermon technology. Here we see the newest addition in our Caloritech immersion heater line, called the Quantum Tru-Flow Heater. Our investments in research and development have yielded this patent-pending design that represents a step change in heating technology. The design has been validated in partnership with an industry-leading heat transfer institute, using advanced modeling software and lab testing to achieve optimal heat transfer and energy efficiency. The higher efficiency, reduced overall size, and lower total cost of ownership make conversion from traditional hydrocarbon heaters to electric even more economically compelling across a wide range of end markets. Turning now to slide 7. Thermon's Genesis Network and digital solutions provide our customers with full operational awareness and supervisory control over their heat trace systems, using industry-leading wireless mesh technology that connects all heat trace controllers to the controller. This facilitates increased operational efficiency and reliability, with fewer maintenance hours and lower total costs. Adoption continues to grow as customers recognize the significant benefits provided by the Genesis Network, with 15% more new circuits added in the Q1 fiscal 2024. Based on our pipeline of opportunities, we anticipate the number of circuits doubling this fiscal year. On slide 8, you can see that we are continuing to progress our end market diversification strategy. Thermon's products and solutions can be used across a wide range of industries, we're seeing growth across several of these sectors. During the quarter, our bookings from rail and transit were up by 39% year-over-year, commercial was up by 29%, and food and beverage was up 120%. Our order intake from high-tech sectors continue to grow as well, with bookings from data centers up over 600% and bookings from semiconductor end market up over 90%, accelerated by the CHIPS Act. Importantly, we are also seeing growth in sectors related to the energy transition. Our bookings from electric power were up 489%, and our bookings from biofuels and green diesel were up 89% during the quarter. We're encouraged by the steady incremental growth across these end markets as we capture additional market share. On slide 9, I'd like to once again highlight the progress we have made around our end market diversification strategy. This chart shows end market mix for the trailing 12-month period ending June 30, 2023. Since last quarter, we've increased the percentage of our revenue that comes from, for example, the commercial and renewables end markets. CapEx spending in LNG and petrochemicals has been a significant growth driver as well. We're also seeing growing demand related to projects in the specialty chemicals and gases, particularly related to semiconductor fabrication. There's also a growing pipeline of opportunities around alternative fuels such as biofuels, hydrogen, and ammonia, and another round of investment to winterize and harden the US power infrastructure across the south. Overall, with approximately 60% of our revenue generated from non-oil and gas end markets, we continue to make steady progress toward our goal of fiscal 2026 diversification goals. Turning now to slide 10 and our Q1 fiscal 2024 results. The Thermon team achieved another quarter of outstanding performance. As a quick reminder, our business is highly seasonal, with our Q1 typically being the weakest and the third and Q4s being the strongest due to colder weather in the northern hemisphere. As a result, year-over-year comparisons are more appropriate than sequential quarterly comparisons when measuring performance. We delivered a record revenue of $106.9 million, up 12% year-over-year, over a prior year record, largely due to healthy growth in North America and Asia Pacific. Importantly, we saw meaningful growth in year-over-year revenue from resilient maintenance for OpEx activity. We saw even stronger operating leverage with Adjusted EBITDA of $22.1 million, up 33% year-over-year, driven by higher volume, price realization, and productivity gains. Free cash flow was negative in the quarter due to timing of certain payments after fiscal year-end. Adjusted EPS was $0.40 per share, an increase of 58% over the prior year period. Finally, our book-to-bill ratio showed double-digit order growth at 1.12x, demonstrating continued strong demand from our customers. With that, I'd like to turn the call over to Kevin Fox for a more in-depth review of our financial results. Kevin? Thank you, Bruce. Good morning to all. Turning to our Q1 fiscal 2024 financial performance on slide 11. Performance this quarter was once again outstanding, as the global Thermon team continues to successfully execute our plan. Customer demand remained strong in the quarter. We reached $120 million in incoming orders, up 16% year-over-year. Book-to-bill was a very robust 1.12 times. Spending remained strong across the U.S. and Latin America. We continued to see signs of a rebound in Asia Pacific. In terms of our end market orders, we saw the most growth in the power sector during the quarter, with customer demand expanding across the renewables, food and beverage, and commercial end markets. Trailing 12 months orders reached $475 million, which we believe supports our raised full-year revenue guidance. Revenue in Q1 was $107 million, a year-over-year increase of 12%, primarily driven by midstream and downstream oil activity across the US and Latin America. The renewables, food and beverage, and power end markets also contributed to revenue growth in the quarter. Revenue from large projects was $27 million, up 21% versus prior year, while revenue from small projects in maintenance and repairs totaled $80 million, up 9%. On a trailing 12-month basis, 77% of our revenues were derived from customer OpEx spending, and that is indicative of our business shifting away from more volatile capital budgets. Adjusted EBITDA for the Q1 was $22 million, up 33% year-over-year, with Adjusted EBITDA margin expansion of approximately 330 basis points. On a trailing 12-month basis, Adjusted EBITDA was $99 million, or 21.8% of revenue, representing a year-over-year increase of 48%. As we take a step back and think about the evolution of Adjusted EBITDA over the past few years, it is important to acknowledge the contribution of our process heating business, largely through the acquisition of CCI Thermal in December 2017, to that growth. The THS business recently crossed the $100 million revenue threshold on a trailing 12-month basis. Profitability is slightly better than the overall company average, an important data point as we consider the adjacent growth markets that we believe will be a key contributor to the earnings power of this business in the years and decades to come. Last but certainly not least, is that the THS business is providing a return on capital 250 basis points over our current cost of capital, demonstrating the team's ability to create meaningful shareholder value through a disciplined, long-term focus on driving inorganic growth. Adjusted diluted earnings per share were $0.40 in the quarter, a year-over-year increase of 58%. A quick modeling note: We are currently estimating a $0.21 per share impact from amortization expense in fiscal year 2024. As you can see by these results, we continue to drive our business forward, delivering meaningful, profitable growth despite the complex operating environment. On slide 12, we will cover the updated balance sheet. Our net debt to Adjusted EBITDA ratio was 0.8 times in the current quarter, as compared to 1.7 times in the previous year, as we've both paid down debt and significantly grown EBITDA over that time period. Total debt at the end of June was down 25% to $114 million. Working capital was $156 million in the quarter, an increase of approximately 10%, primarily due to the combination of strategic inventory and seasonality. Working capital as a percentage of trailing twelve-month sales was lower, coming in at 34.6% at the end of the quarter, mainly driven by improved collections activity. Turning to cash flow. Net income in the Q1 was $11 million, up 67% year-over-year. CapEx spend was $2.8 million, and free cash flow was negative $1.9 million, reflecting our typically weakest cash quarter due to the timing of certain payments and our ongoing investments for strategic growth, particularly around incremental capacity for our process heating business. We ended the quarter with cash at $33 million. This represented a year-over-year decrease of 17%, as we are improving our global cash management practices. While the broader macro environment remains uncertain, we are pleased with our strong start to fiscal 2024. We continue to see strong growth trends across our regions, end markets, and financial metrics. As we move ahead through fiscal 2024, we will continue to achieve positive results, diligently control costs, and create long-term value for our shareholders. Finally, I would like to thank the entire Thermon team for their hard work, which enabled us to deliver such strong Q1 results. With that, I'll turn it back over to Bruce. All right. Thank you, Kevin. I'd like to turn now to slide 13. We're raising our full year revenue and earnings guidance for fiscal 2024. As we look ahead to the coming quarters, we're conscious of the ongoing macroeconomic volatility, even as we continue to see growth across our business. At this time, we're raising the lower end of our revenue guidance from $455 million to $462 million, and increasing the upper range to $488 million for the full year, which at the midpoint, represents approximately 8% top line growth over fiscal 2023. GAAP EPS is now expected to be in the range of $1.48 per share to $1.62 per share, which represents 55% year-over-year growth at the midpoint. Adjusted EPS guidance has also been raised to $1.69 to $1.83 per share. We'll continue to evaluate this outlook as we progress through our fiscal year. We expect to continue to generate significant free cash flow through the year to maintain a strong balance sheet, giving us the flexibility to reinvest in our business and evaluate bolt-on M&A opportunities. On slide 14, you can see more details about our capital allocation priorities. As our top priority, we are committed to maintaining a healthy balance sheet across economic cycles, with a leverage target of 1.5 to 2 times under normal conditions. Our next priority is to fuel organic growth in our business by reinvesting in people, technology, and continuous improvement. These investments enable us to pursue our 3 strategic initiatives of decarbonization, digitization, and diversification. We also pursue inorganic growth by continually evaluating M&A opportunities. Our focus is on bolt-on acquisitions that meet our strategic and financial criteria, and we have a healthy pipeline of opportunities. Finally, we continue to evaluate opportunities to return capital to our shareholders when appropriate. As we wrap up today on slide 15, we want to reiterate that Thermon is a leading global brand, providing safe, reliable, and innovative mission-critical process heating solutions, serving high value, diversified end markets with high barriers to entry. Our team relentlessly pursues operational excellence in order to deliver innovative products and differentiated solutions that create value for our customers. We believe that our large global installed base with long-standing customers across a variety of end markets is a significant competitive advantage, resulting in a resilient aftermarket franchise that generates high margin recurring revenue. Our products and solutions are aligned with key long-term secular trends, such as the energy transition, increasing environmental regulations, and growth in chemical demand. We believe that we are well positioned to capitalize on enormous opportunities associated with the energy transition and decarbonization through the electrification of industrial heat, and to help our customers meet their own sustainability goals. Our strong and flexible balance sheet, with low leverage and high gross margins, as well as our capital-light business model, has enabled Thermon to remain resilient across economic cycles and continue to provide significant optionality. I'd like to end today by thanking the entire Thermon team for their outstanding performance this quarter and dedication to our culture of continuous improvement and to meeting our customers' needs. As we look ahead to the balance of fiscal 2024 and beyond, I'm excited to see what we'll achieve together, and I'm confident we'll continue to deliver profitable growth and value for our shareholders. Darren, I'd like to turn the call back over to you, so that we can now take some questions. Good morning. This is Tyler Hoogland for Brian. Congrats on the solid results, by the way. Orders and backlog are looking really healthy. Thanks. Thanks, Tyler. Yeah, no problem. Just starting out, I want to know, just what factors went into your full year guidance raise, and then just, any general comments that you have on the view of the balance of the year. Yeah. As we kind of look at the order intake and, and where we are, I think a key thing that we anchor on is our trailing 12-month orders, sitting right at $475 million, and that's kind of at the midpoint of our guide. I think, as you kind of turn and look to the EPS side of the guidance, we're looking at margins and backlog, and a lot of our continuous improvement efforts, as well as just kind of what we've seen as moderation of, of some of the input costs that give us confidence that we have earnings power going forward. Got it. Then, just moving some more end market commentary. I think it'd be good to hear any update that you have on your renewables opportunity. Do you have any comment on what the annual revenue opportunity could be and how that's been trending? Yeah. We, we're developing and improving our ability to track these types of opportunities, but we're seeing-- we, we continue to see nice growth. In fact, within the quarter, we booked somewhere north of $8 million in the- in those opportunities. We continue to see the opportunities grow there, and the pipeline continues to grow. We'll contin- we'll provide updates on those opportunities as well as the incoming order rates on a go-forward basis. Overall, we continue to see investments that are moving in, in the direction of, of these new opportunities. Certainly, some of the new product launches, like we referred to as the Quantum Heater, improves our ability to be able to provide differentiated solutions in this space and win share. Tyler, this is Kevin. Maybe just to, to build on Bruce's response as well. It's, it's not just the revenue growth on the top of the funnel, that we like, but when we look at the profitability on the decarbonization initiative, in particular, that, that profitability is quite strong, generally above the company average as well. It's something I think as we look at the earnings power of the business, we feel pretty confident about the profitability with those revenues as well. Great. Yeah, above $8 million, sounds like a great quarter for that end market. I'm just wondering, as your pipeline grows, like, what kind of goes into transitioning the opportunities into wins, for those end markets? Yeah. I think some of the wins are just timing, but certainly on the competitive front, we've done a lot. New technology, we're launching that to give us a differentiated position. But a lot of what we're doing is making investments in capacity because, quite frankly, the industry is a pretty supply constrained at this time. we're making some pretty sizable investments, which is why our CapEx is up. Over, a typical year, we're up, 3.5%-4% of revenue, and a lot of that is really being directed towards growing our capacity and reducing lead times in the marketplace. We see all of those as really ways in which we can, we can win and convert. Tyler, the technology is agnostic at the end of the day. If you think about the sales cycle, if you will, the front end of our business understands the technology really well. It's really just applying that to end markets and making sure we're putting those leads in front of the right people to get them converted. there's not a huge investment on that technology side. It's more on the capacity side, as Bruce alluded to, so we can meet the demand in the market. One last comment about that. Really, the key differentiator we have in the marketplace is in our technical competence around particularly around electrification and being able to work with customers on applications that have traditionally been hydrocarbon-fired and converting those to a very different heating process, electrical heating. We have not only the technical knowledge and competence, but also all of the software tools and the capabilities to be able to help them make that transition successfully. I think those are kind of the key things that are driving our ability to win in this space. Yeah, that sounds great. Just kind of moving on from the renewables and end market, and just kind of finishing my last question, just being, besides renewables, what end markets and geographies are you seeing the most, like, unexpected upside? I mean, the, the U.S., I mean, we expected to see growth, but it was really quite strong in this Q1. we're seeing some, some recovery in Asia as well, which I, I would say is, it was expected. As we look at the bookings, I think it's important not to be lost that, bookings this year were up 16% over prior year. If you go back to a prior year, that was a record in incoming orders as well, and that was up 43% over the prior year. When you just look at the bookings growth, it's pretty, it's pretty significant. That's not to be lost. We're seeing a lot of activity and investments in the U.S., particularly. we've had some nice petrochemical wins. There's a lot of LNG opportunities. Just as a reminder, we're a little later cycle, so, we have and won some of those, but we see additional opportunities in the pipeline for both. Certainly, the opportunities that we've seen around renewables, whether that's carbon capture and storage or, the ammonia and hydrogen that we've highlighted today, those are driving additional upside and growth above and beyond what we would traditionally see in our space. Got it. That's all I have for today. Congrats on the quarter again, solid work. Thank you, sir. Appreciate it. Morning, Bruce, Kevin. Morning, John. Morning, John, how are you? Pretty good. Just a sort of a point of clarification. I think you, in the press release, you, you mentioned that organic growth was 11%. If I'm not mistaken, last year, you had 7, 7, about 8, $8.5 million from a combination of a, a large, the completion of a large contract and, and, and some revenue from Russia. Am I correct in that? Yeah. John, maybe to, to kind of rewind it back a year, we had about a little over $7 million from that large one-time project. That would be in the organic number. Right. The acquisition was about $1 million of revenue, and then Russia was about $1 as well. A, a few pieces on each side of the line there to factor in. Okay, X those items, Kevin, it looks like your, what I would call an adjusted organic growth rate was near 20%. Is that, do you look at it that way? That's about right, John. Okay. It, it looked from that, using that as a, as sort of a reference point, the going forward into the, the next three quarters, you're looking obviously for a little bit of a moderation from that. Was there something in, in the Q1 that was unexpected or, or somewhat transitory in nature, if you want to call it that? Yeah. John, this is Bruce. No, not really. I'll tell you, the, the incoming order rate, was, quite positive. That actually gives us some confidence going into the year. It's early. Mm-hmm. Certainly, we like to get a, a couple of quarters under our belt before we, we call the first year, the, the full year. I'll, I'll tell you, though, it certainly gives us confidence, and, and I'll point you back to kind of the midpoint of our revenue guide being that $475 million, which is right on our trailing 12-month incoming order rate. I kind of point to that. [cross talk] , some... it was a modest move, certainly in the EPS guidance, but I think it's important to note that we see some strength in margins and backlog, which, give and quite frankly, a lot of our continuous improvement efforts that we began probably in, the Q4 of 2022, are really beginning to yield some very positive results and give us some, performance and productivity gains. So that, that would be kind of how I would frame view this. But there was nothing just one time in the Q1, and we're cautiously optimistic about the balance of the year Okay, that's fair. Kevin, the operating expenses were, were, were quite heavy in this quarter, and obviously, you're investing in resources, personnel, and infrastructure to, to reach these new markets. L et's say as we look forward, maybe even, even a year from now, let's say, do those, does that spending begin to moderate? Do we just see that build up this year and then, then maybe some easing next year? Yeah, John, I, I think you're thinking about it the right way. If you look at the SG&A line, I'll call it maybe close to $4 million. That, that's primarily driven by the resources that you're alluding to. Mm-hmm. I think as the business continues to grow, we kind of look at that on a TTM basis as a percentage of revenue, and targeting that in the, call it mid to low 20s is where we're really going for as, as we think about the model of getting this business to 23, 24, potentially 25% of EBITDA. Yep. Given the historical gross margins of the business, that's a pretty easy math problem to backsolve what we're shooting for over time. I think the way you're thinking about it is right. Will that investment decelerate as the business continues to scale? That's absolutely the plan. Okay. All right. Thank you very much. Thank you, sir. Thanks, John. All right, Darren, thank you. Thank you all for joining here today. Appreciate your interest in Thermon, and enjoy the rest of your day.