Sarah London

“And thanks, everyone, for joining us on the call. This morning, we will review our second quarter results and provide details around our improved full-year 2026 financial guidance.”

“This morning, we reported first quarter adjusted diluted EPS of $3.37, exceeding our previous expectations for the period. The strength of our first quarter performance enables us to increase our full-year 2026 adjusted EPS outlook to greater than $3.40, up from our previous expectation of greater than $3.”

“Just a couple of framing comments, and then we can jump into questions. As you saw from the 8K this morning, we are reaffirming our greater than $3 of adjusted EPS for 2026.”

“This morning, we reported a fourth-quarter adjusted diluted loss per share of $1.19, contributing to our full-year 2025 adjusted diluted EPS of $2.08. While 2025 was undeniably challenging, disciplined execution enabled us to close the year slightly ahead of the expectations we outlined on our third-quarter call.”

“Thanks, Jen, and thanks, everyone, for joining us to review our third quarter 2025 financial results and updated full-year outlook. We are driving significant progress against the milestones we provided to investors in July, yielding a better-than-expected adjusted EPS result in the period.”