Xylem Inc.

Good day everyone and welcome to Xylem's second quarter 2025 results conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist 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 and then one on your telephone keypads. To withdraw your questions, you may press star and two. Please note that today's event is being recorded. At this time, I'd like to turn the floor over to Mr. Keith Butener, Vice President Investor Relations and FPNA. Sir, please go ahead.

Thank you, operator. Good morning everyone and welcome to Xylem's second quarter 2025 earnings call. With me today are Chief Executive Officer Matthew Pine and Chief Financial Officer Bill Grogan. They will provide their perspectives on Xylem's second quarter results and discuss the third quarter in full year 2025 outlook. Following our prepared remarks, we will address questions related to the information covered on the call. I'll 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 investor section of our website. A replay of today's call will be available until midnight August 14th and will be available for playback via the investor 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 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 Pyne.

Thank you, Keith. Good morning, everyone, and thank you for joining us. The team delivered another strong performance in Q2 continuing the momentum we built over the last several quarters. We generated broad-based organic revenue growth led by measurement and control solutions. Adjusted EBIT of margin reached a quarterly record of .8% up 100 basis points year over year and adjusted EPS grew mid-teens. Demand for our products and solutions remains resilient and we've seen particularly solid orders pace including double-digit growth and smart metering. So we're raising our full year guidance for revenue and EPS. That raised guidance reflects our confidence in delivering strong performance balanced with prudent management of our outlook. I'm very proud of the team for operating with discipline in a dynamic environment navigating tariff uncertainty, inflation, and speculation about the impact of trade policy on demand. Our pricing and supply chain actions more than offset inflation and tariff related costs. Simplification efforts are driving measurable improvements in productivity and customer responsiveness and we're seeing the benefits in margin expansion and in our ability to serve customers more efficiently. As I mentioned, underlying demand signals remain resilient across our end markets. We're not seeing any material demand pull forward from the second half and our backlog remains strong. Our guidance, which Bill will get into in a moment, assumes current and announced tariff structures remain in place and we built in contingencies for potential volatility. We remain focused on executing the plan we laid out at Investor Day last year. The transformation of our operating model across culture, processes, and structure has already had significant positive impact on our business and our results. Simplifying our operations and structure has reduced complexity, enabled faster decision-making. As an example, this quarter we set a xylem record for on-time performance. We're seeing the benefits of simplification in our focus, speed, and margins. At the same time, we're enhancing our operational performance, we're also enhancing our portfolio for growth. For example, with two recent targeted acquisitions in advanced treatment. Our strong first half performance gives us confidence in our ability to deliver both a strong 2025 and our long-term financial framework. With that, I'll turn it over to Bill to walk through the quarter's results, our financial position, and our updated outlook. Bill?