Watts Water Technologies, Inc.

Good morning, and my name is Savannah, and I will be your conference call operator today. At this time, I'd like to welcome everyone to the Watts Water Technologies fourth quarter 2021 earnings call. All lines have been placed on mute to prevent any background noise, and after the speaker's remarks, there will be a question and an answer session. If you would like to ask a question during this time, please press star 1 on your telephone keypad. And if you would like to withdraw your question, please press star 1 again. Thank you. And Tim McPhee, you may begin your conference. Please stand by for some technical difficulties. And please go ahead.

Good morning, everyone. Welcome to our fourth quarter and full year 2021 earnings conference call. Joining me today are Bob Pagano, President and CEO our CFO, Shashank Patel, and Diane McClintock, VP of Financial Planning and Analysis. Bob will provide an overview of this past year, review our 2022 priorities, as well as update you on our market expectations for this year. Shashank will provide a detailed analysis of our fourth quarter and full year financial results and discuss our outlook for Q1 in the full year 2022. Following our prepared remarks, we will address questions related to the information covered during the call. Today's webcast is accompanied by a slide presentation, which can be found in the investor section of our website. We will refer to these slides throughout our prepared remarks. Any reference to non-GAAP financial information is reconciled in the relevant GAAP measures in the appendix to the presentation. I'd like to remind everyone that during this call, you may be making certain comments that constitute forward-looking statements. are subject to numerous risks and uncertainties that could cause actual results to differ materially. For information concerning these risks, we have publicly available filings with the SEC. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, due to events, or otherwise. On a personal note, this will be my last earnings call. I have decided to retire effective March 31st. While I have worked with so many great people at Watts over the last 18 years, I am excited and looking forward to the next chapter. I am also excited to inform you that Diane McClintock, our VP of Financial Planning and Analysis, will be assuming my investor relations duties. Diane has over 10 years of increasing financial responsibilities within Watts, as well as experience in financial roles with other companies. You will find Diane to be very knowledgeable, energetic, and personable. I fully expect you will enjoy working with Diane as much as I have. I've also enjoyed working with you, the investor and analyst community, over the last nine years. I've appreciated your continued interest in our company, and I wish you all the best, both personally and professionally. With that, I will turn the call over to Bob.

Thank you, Tim, and good morning, everyone. Before beginning the presentation, I'd like to comment on Tim's personal announcement. Tim has been a respected member of the Watts team for 18 years. As corporate controller, chief accounting officer, treasurer, and our investor relations lead, he has been involved in all aspects of finance. Tim has worked closely with several CEOs and CFOs during his tenure at Watts, and all have appreciated his work in council. I want to thank Tim for all his services to Watts and wish him all the best in his retirement.