Installed Building Products, Inc.

Greetings and welcome to Installed Building Products 4th Quarter 2025 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star 0 on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Darren Hicks, VP, Investor Relations. Thank you.

Mr. Hicks, you may begin.

Good morning, and welcome to Installed Building Products' fourth quarter 2025 earnings conference call. Earlier today, we issued a press release on our financial results for the 2025 fourth quarter and fiscal year. which can be found in the investor relations section of our website. On today's call, management's prepared remarks and answers to your questions may contain forward-looking statements within the meaning of federal securities laws. These forward-looking statements are based on management's current beliefs and expectations and are subject to factors that could cause actual results to differ materially from those described today. Please refer to our SEC filings for cautionary statements and risk factors. We undertake no duty or obligation to update any forward-looking statements as a result of new information or future events, except as required by federal securities laws. In addition, management refers to certain non-GAAP and adjusted financial measures on this call. You can find a reconciliation of such non-GAAP measures to the nearest GAAP equivalent in the company's earnings release and investor presentation, both of which are available in the investor relations section of our website. This morning's conference call is hosted by Jeff Edwards, our chairman and chief executive officer, Michael Miller, our chief financial officer, and we are also joined by Jason Neiswanger, our Chief Administrative and Sustainability Officer. Jeff, I will now turn the call over to you. Thanks, Darren, and good morning to everyone joining us today.