Hubbell Inc

Good day, and thank you for standing by. Welcome to the fourth quarter 2025 Hubble Incorporated earnings conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please realize that today's conference is pre-recorded. All right, thanks. I'll turn it over to your first speaker today, Dan Inamorato, Vice President of Investment Relations. Please go ahead.

Thanks, Operator. Good morning, everyone, and thank you for joining us. Earlier this morning, we issued a press release announcing our results for the fourth quarter and full year 2025. The press release and slides are posted at the investor section of our website at hubble.com. We're joined today by our Chairman, President, and CEO, Gervin Bakker, and our CFO, Joe Capozzoli. Please note our comments this morning may include statements related to the expected future results of our company. These are forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Please note the discussion of forward-looking statements in our press release and consider it incorporated by reference into this call. Additionally, comments may also include non-GAAP financial measures. Those measures are reconciled to the comparable GAAP measures which are included in the press release and slides.

Now, let me turn the call over to Gervin. Great. Good morning, and thank you for joining us to discuss Hubble's fourth quarter and full-year 2025 results. Hubbell delivered strong financial results in the fourth quarter, highlighted by 12% total sales growth, 140 basis points of adjusted operating margin expansion, 19% adjusted operating profit growth, and 15% adjusted earnings per share growth. Organic growth of 9% in the fourth quarter was driven by double-digit organic growth in our electrical solutions segment, as well as our grid infrastructure businesses within the utility solution segment. Our core utility and electrical markets remain strong, as data center build-outs, load growth, and aging infrastructure resiliency investments generate robust project activity in front and behind the meter. Hubble's portfolio of critical components and solutions is uniquely positioned at the intersection of grid modernization and electrification megatrends. and strong recent sales and order activity, along with continued execution on our strategy positions as well to deliver on an attractive outlook in 2026 and beyond. Before I turn the call over to Joe to walk through our financial performance in more detail, I'd like to highlight a few key accomplishments in 2025. Starting with electrical solutions, we made significant progress in 2025, on our strategy to unify this segment to compete collectively. We generated above-market growth in attractive verticals with an integrated solutions-oriented service model for our customers, while simultaneously driving business simplification and operational efficiencies to expand margins. These efforts resulted in 7% organic growth and 14% adjusted operating profit growth for the full year. Additionally, full-year adjusted operating margins at HES exceeded 20% for the first time in history. In our utility solution segment, while full-year organic growth was negatively impacted by metering and AMI markets, we delivered strong performance in the larger, higher margin grid infrastructure businesses in our portfolio. Our leading positions in strong transmission and substation markets enabled double-digit growth for the full year. while distribution markets accelerated throughout 2025 as customer inventories normalized amid the healthy market backdrop. Over 80% of our HUS portfolio is aligned to electric T&D components and solutions, where our leading installed base and depth and breadth of product offering uniquely positions Hubbell to benefit from a highly visible long-term investment cycle. Importantly, We also continue to invest and allocate capital to high return areas while further differentiating our unique service advantage with customers. Most notably, we closed on a high growth and margin acquisition in DMC Power. We invested in automation and expanded production capacity in high growth area. We positioned our sales force to gain share in attractive vertical markets. We successfully launched new innovative solutions and we continue to be recognized and awarded by our customers for our industry-leading service level. We plan to continue investing in each of these critical levers of our long-term strategy to drive ongoing growth and productivity benefits in 2026 and beyond. Hubble's 2025 free cash flow margin of 15% and return on invested capital of 19% are strong evidence of the quality of our business model and of our ability to invest on behalf of our shareholders to generate strong returns both now and over the long term. Let me turn the call over right now to Joe to provide some more details on the financial results.