Fortune Brands Home & Security, Inc.

Good afternoon, everyone. My name is Shamali, and I will be your conference operator today. Welcome to the Fortune Brands fourth quarter 2025 earnings conference call. All lines are muted to prevent background noise. Following the speaker's remarks, we will open the floor for a Q&A session. At this time, I'll turn the call over to Kurt Worthington, Vice President of Finance and Investor Relations. Kurt, please go ahead.

Good afternoon, everyone, and welcome to the Fortune Brands Innovations fourth quarter and full year 2025 earnings call. Hopefully everyone has had a chance to review our earnings release. The earnings release and the audio replay of this call can be found on the investor section of our fbin.com website. Beginning this quarter, we are also including an earnings presentation, which is also available on our website. I want to remind everyone that the forward-looking statements we make on the call today, either in our prepared remarks or in the associated question and answer session are based on current expectations and market outlook and are subject to certain risks and uncertainties that may cause actual results to differ materially from those currently anticipated. These risks are detailed in our various filings with the SEC. The company does not undertake any obligation to update or revise any forward-looking statements except as required by law. Any references to operating profit or margin Earnings per share or free cash flow on today's call will focus on our results on a before charges and gains basis unless otherwise specified. Please visit our website for our reconciliations for these non-GAAP financial measures to the most directly comparable GAAP financial measures. With me on the call today are Susan Kilsby, our board chair, Nick Fink, our chief executive officer, and John Bocht, our chief financial officer. Following our prepared remarks, we have allowed time to address questions. I will now turn the call over to Susan.

Good afternoon, everyone. Before Nick and John outline our financial results and 2026 outlook, I want to briefly address the leadership transition announcement we made earlier today. Nick has been an outstanding leader of this company since he became CEO in 2020. Under Nick's leadership, The company has made numerous advancements that have truly benefited all of our stakeholders. In addition, Nick has led a team that has navigated an uncertain market environment with agility and poise. We wish Nick all the best in his new role. Succession planning is something we talk about at the board on an ongoing basis. The board approached this transition through a defined, deliberate, and well-structured succession process. one that's centered around ensuring a smooth leadership transition that protects continuity while also positioning Fortune Brands for optimal performance and long-term value creation. As part of this process, we are extremely fortunate and excited to appoint Amit Bhanati as our new Chief Executive Officer, which will be effective in May. Amit has been on the Board of Fortune Brands for nearly six years, most recently as Chair of the Audit Committee. He has worked closely with the management team and knows the company and this market extremely well, and I believe he is an exceptional choice to lead Fortune Brands in this next phase. Amit will remain on the board as we move forward. There will be a short period between Nick's departure and Amit's official start date in May. During this interim period, I will manage the responsibilities of the CEO's office. I will work closely with Nick, Amit, and the leadership team. to ensure a seamless transition as we continue to drive the business forward. I have been a member of the Fortune Brands Board of Directors since 2015, serving as non-executive chair for the last five years. I am intimately familiar with our strategy and our team, have confidence in our ability to create long-term value, and I believe that we have a deep bench of talented professionals who are aligned around our strategic priorities. With that, Nick, I'll turn it back to you. to cover our earnings.