Xylem Inc.

Good day and welcome to Xylem's first quarter 2025 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal conference specialists by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. And to withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Mr. Keith Buechner, Vice President of Investor Relations and FP&A. Please go ahead, sir.

Thank you, Operator. Good morning, everyone, and welcome to Xylem's first quarter 2025 earnings call. With me today are Chief Executive Officer Matthew Pine and Chief Financial Officer Bill Grogan. They will provide their perspective on Xylem's first quarter results and discuss the second quarter and full year 2025 outlook. Following our prepared remarks, we will address questions related to information covered on the call. I will ask that you please keep to one question and a follow-up, and then return to the queue. As a reminder, this call and our webcast are accompanied by a slide presentation available in the Investors section of our website. A replay of today's call will be available until midnight, May 13th, and will be available for playback via the Investors section of our website under the heading Investor Events. Please turn to slide two. We will make some forward-looking statements on today's call, including references to future events or developments that we anticipate will or may occur in the future. These statements are subject to future risks and uncertainties, such as those factors described in Xylem's most recent annual report on Form 10-K and in subsequent reports filed with the SEC. Please note that the company undertakes no obligation to update any forward-looking statements publicly to reflect subsequent events or circumstances, and actual events or results could differ materially from those anticipated. Please turn to slide three. We have provided you with a summary of key performance metrics, including both GAAP and non-GAAP metrics. For the purposes of today's call, all references will be on an organic and or adjusted basis unless otherwise indicated, and non-GAAP financials have been reconciled for you and are included in the appendix section of the presentation. Now, please turn to slide four, and I'll turn the call over to our CEO, Matthew Pine. Matthew Pine Thanks, Keith.

Good morning, everyone, and thanks for joining us. The team got off to a strong start to the year, and Q1 exceeded expectations, building on our prior momentum. Demand was resilient, and our book-to-bill remained above one. Revenue grew across all segments, and we delivered 120 basis points of EBITDA margin expansion. driving double-digit EPS growth. I'm proud of the team for staying focused on helping customers despite various distractions in the business environment. We're better positioned than most to address the water needs of communities and businesses because the portfolio we built is differentiated in every part of the water cycle. On top of that, our structural exposure in the sector is disproportionately aligned with customer OpEx, which historically has been remarkably stable in the face of broader volatility. We're also confident in the agility we built into the business by doing what we said we would do at our investor day last May. We are leaning into our high-impact culture, simplifying our processes and systems, and reorienting our structure to improve customer focus. As a result, we're in a better position now to respond with speed and agility in any business environment. While we'd welcome less uncertainty around tariffs, We have pricing and supply chain programs in place designed to offset the majority of the impacts from the current tariff scheme. We have a strong line of sight to Q2 and execution momentum reflected in our first quarter results. So based on where we stand today and at current tariff levels, we are reaffirming our full year 2025 guidance on both revenue and earnings per share. In a moment, I'll offer some comments updating where we stand 12 months into executing on the plans laid out in our investor day last year. But first, I'm going to turn the call over to Bill to provide more detail on our outstanding Q1 results and on the assumptions underpinning our guide. Bill?