Good afternoon, everyone, and thank you for joining us. Build on the stability we reestablished in 2025 and start bending the trajectory of the business towards durable growth and profitability.

Later in the call, I'll return to share some of the latest innovation developments where we continue to see tremendous ...

Thank you, operator, and welcome to Pentair's Fourth Quarter 2025 Earnings Conference Call. On the call with me are John Stauch, our President and Chief Executive Officer; Bob Fishman, our outgoing ...

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