Badger Meter, Inc.

Ladies and gentlemen, thank you for joining us and welcome to the BMI Q4 and full year 2025 earnings call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one to raise your hand. I will now hand the conference over to Barbara Noverini, head of investor relations. Barbara, please go ahead.

Thank you for joining the Badger Meter fourth quarter and full year 2025 earnings conference call. I'm here today with Ken Bockhorst, our chairman, president, and chief executive officer, Bob Rockledge, our new executive vice president of North America Municipal Utility, and Dan Waldstein, our recently appointed chief financial officer. This morning, we made the earnings release and related slide presentation available on our website at investors.badgermeter.com. As a reminder, any forward-looking statements made on this call are subject to various risks and uncertainties, the most important of which are outlined in our news release and SEC filings. On today's call, we will refer to certain non-GAAP financial metrics, including certain base metrics. Use of the term base for these purposes is intended to refer to certain financial metrics excluding the smart cover acquisition. Our earnings presentation provides a reconciliation between the most directly comparable GAAP measure and any non-GAAP or base financial measures discussed. With that, I'll turn the call over to Ken.

Thanks, Barb, and thank you all for joining our call. Turning to slide three, we delivered solid financial results in the fourth quarter, capping off another full year of record sales, profitability, and cash flow. We continue to see robust demand for our industry-leading cellular AMI solution, and the recent addition of SmartCover to our BlueEdge suite of smart water management solutions positions us well for long-term growth across the water cycle. I'm thankful for the dedication and perseverance demonstrated by the entire Badger Meter team during a year marked by global trade uncertainty, an exciting acquisition integration, and many ongoing AMI projects in various stages of deployment. I'll be back to provide a recap of the year and discuss our outlook later in the call. But for now, I'll introduce you to Dan Weltsine. As announced in December, Dan became our new CFO on January 1st, 2026, following seven years as vice president and controller. Dan, welcome to the earnings call. Bob Rockledge is also here today in his new capacity as Executive Vice President, North America Municipal Utility. Bob will join me later in the call to provide more detail about the significant AMI project for PRASA that we mentioned in today's press release. With that, I'd like to turn the call over to Dan to cover the numbers.