ADTRAN Holdings, Inc.

Good morning, my name is Julianne and I will be your conference operator. At this time, I would like to welcome everyone to ADTRAN Holdings' fourth quarter and full year 2025 financial results conference call. All participants are in a listen-only mode. After the speaker's remarks, we will conduct a question and answer session. To ask a question at this time, you'll need to press star followed by the number one on your telephone keypad. Thank you, Mr. Peter Shuman, Vice President, Investor Relations, you may begin your conference.

Thank you, Julianne. Welcome and thank you for joining us today, and welcome to all those joining by webcast. During the conference call, ADTRAN representatives will make forward-looking statements that reflect management's best judgment based on factors currently known. However, these statements involve risk and uncertainties, including those detailed in our earnings release, our annual report on Form 10-K as amended, and our other filings with the SEC. These risks and uncertainties could cause actual results to differ materially from those in our forward-looking statements which may be made during the call. We undertake no obligation to update any statements to reflect events that occur after this call. During today's call, we will refer to certain non-GAAP financial measures, reconciliation of GAAP to non-GAAP measures, and certain additional information are also included in our investor presentation and our earnings release. We have not provided reconciliations of our first quarter 2020 outlook with regard to non-GAAP operating margins because we cannot predict and quantify without unreasonable effort all of the adjustments that may occur during the period. The investor presentation has been updated and is available for download on the AdTran investor relations website. Turning to the agenda, Tom Stanton, AdTran holding CEO and chairman of the board, will provide key highlights for the fourth quarter and full year 2025. Tim Stanto, our senior vice president and CFO, We'll review the quarterly and full-year financial performance in detail and provide our first quarter 2026 outlook, and then we will take questions that you may have. I would now like to turn the call over to Tom Stanton.

Operator, we are receiving notification that the line is bad and that recipients are not hearing us correctly. Is there a way to approve the line before we proceed?