Xylem Inc.

Welcome to Xylem's third quarter 2026 results conference call. All participants will be in 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 then one on your telephone keypad. 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. Gregory Giamatti, Senior Vice President, Investor Relations, and FP&A. Please go ahead.

Thank you, operator. Good morning, everyone, and welcome to Xylem's third quarter 2026 earnings call. With me today are Chief Executive Officer Matthew Pine and Chief Financial Officer Andrea Vanderberg. They will provide their perspectives on Xylem's third quarter results and discuss the fourth quarter and full year 2026 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 Investors section of our website. A replay of today's call will be available until midnight November 10 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 its 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 our key performance metrics, including both GAAP and non-GAAP metrics. For the purposes of today's call, all references will be made 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 will turn the call over to our CEO, Matthew Pine.

Thank you, Greg, and good morning, everyone. Thank you for joining us. Before I begin, I'd like to welcome Andrea to her role as CFO of Xylem. Her deep knowledge of our business provides important continuity as we continue to execute our strategy. The third quarter reflected a mixed operating environment. Demand for water infrastructure and technology remained strong, which was evident in our order performance during the quarter. Across the markets we served, the long-term drivers of water investment remained firmly in place. Near-term conditions were more challenging, with revenue coming in below our expectations as certain projects moved more slowly than anticipated, and utility customer spending decisions took longer to materialize amid a more cautious and deliberate spending environment. While those near-term factors affected revenue, our healthy order performance and solid earnings results reflect the greater resilience we've built into Xylem. Through the operational excellence and portfolio actions we've been driving, we're better positioned to navigate short-term variability while staying focused on long-term growth and value creation. Today, we're taking another step in focusing Xylem on growth. This morning, we're announcing our intent to divest Applied Water International and Specialty Flow Control, which is our beverage and marine business, while also moving from four segments to three beginning in 2027. These actions are rooted in a simple objective, continue applying our 80-20 principles to sharpen Xylem's focus around the businesses and end markets with the strongest growth and margin potential. The assets we intend to divest are non-core to our long-term strategy or operate in markets that are less aligned with where we see the greatest opportunities for growth. We believe exiting these businesses strengthens a portfolio and increases our ability to invest in higher growth, higher margin markets that are shaping Xylem's future. At the same time, moving to three segments reflects the company we're becoming. The four-segment structure served us well as we integrated Avoqua and executed the first phase of our transformation. However, the new structure better aligns the company around how customers move water, Thank you for joining us today. Over the last few years, we've deliberately reshaped our portfolio towards markets with stronger underlying growth, more attractive economics, and compelling long-term demand drivers. Businesses like Cornell Roper, Waterfleet, and Trios have historically grown at rates above our target growth rate, and their additions expand our presence in attractive high-growth industrial verticals. As we continue rotating the portfolio, proceeds from divestitures and other capital sources will provide additional capacity to execute against our capital allocation priorities and help to further increase our exposure to these higher growth, higher margin markets. We're already seeing tangible evidence of that momentum. Amazon provides a strong example. What began with digital water replenishment efforts through Xylem View in Mexico is now being commercialized globally. And more recently, treatment solutions for data center infrastructure projects at scale. Today, the relationship engages multiple parts of our portfolio and demonstrates the value of our differentiated platform. And recently, we secured a significant win with a new customer and one of the world's leading semiconductor manufacturers providing advanced ultra-pure water treatment technology for a critical U.S. fabrication facility. This breakthrough win demonstrates our competitiveness in the high-growth microelectronics sector. These are the types of opportunities that validate our strategy and reinforce our confidence in where we're headed. The long-term demand drivers for water remain intact. Our portfolio is becoming more focused. Our exposure to higher growth end markets continues to increase. And the actions we're announcing today position Xylem to accelerate organic growth while creating additional opportunities for margin expansion and value creation in the years ahead. With that, let me turn the call over to Andrea to discuss the quarter in more detail.