Bryan Blair

how should we think about TAM expansion given the new products and applications that are involved there or potential there? And in what ways is LVC, you know, foundational to build out?

you did mention a number of potential partners. I was just curious if you could offer any other color on direction or whether, you know, options or considerations have narrowed

that 11% nicely aligns with the 10% to 12% organic growth target you had put out at Investor Day. With mix now reset for the platform, is that kind of organic growth in play going forward?

has the range of potential outcome has been narrowed in any way?

is this specific to or exclusive to A. O. Smith China?

are you still tracking towards the 250 basis points margin expansion you had outlined before?

That does include the full run rate impact of tankers imports from China, correct?

offer some color on how your team is thinking about the risk versus opportunities presented by all of the uncertainties

Has there been meaningful change in competitive dynamics, customer dynamics within retail over recent past that drove this decision

Can you remind us where margins are on a run rate basis and having owned the assets for a little bit now, where you think medium-term profitability should check out?

the disconnect between order rates being kind of high single-digit range over the last 4 quarters relative to sales being 1%, give or take

Starting with backlog expansion. I think last quarter, you had cited around $100 million in year-on-year build. Where does that fit now?

Where did revenue and order growth shake out in Q4? Then looking forward, what drives your team's confidence in sustainable mid-single-digit type growth

Are you willing to speak to how much of Q4 order growth was AI-related versus other markets

how should we think about HST incrementals once we do get back to a more supportive demand environment

wondering if you could offer some finer points on contribution in the quarter

Can you offer a little more color on the strategic fit and synergy with the MSS platform

You mentioned that water was down in the quarter, which is a little bit of a surprise

order trends at more in rough gas and BAND-IT over March and April

how is it all the uncertainty of this backdrop has affected your team and your M&A strand

you had emphasized, I think it was in response to Damian's question, kind of the broadened focus and growth vectors of the Flow business.

I believe you mentioned $10 million in contribution top line in Q4. I assume that that's seasonally a bit muted. Should we assume $50 million at 30% ROS for 2026 as a baseline?

Hoping you could offer a little more detail on the decision to divest KBI

sticking with Water Solutions, you've offered your take on commercial and residential dynamics and outlook. Perhaps do the same with U.S. versus international business

Is there any change in expectation by segment you had? Last quarter, I believe, broken out around 100 basis points in the pool

if we assume that $80 million is the number and that that does not move higher, how should we think about the phasing or cadence of the remaining $56 million

is there any meaningful shift in segment contribution through 2026 now that you officially revised the medium-term ROS targets to the 26% level?

offer some color on G&F? I know this was a smaller deal, but speak to the assets, strategic fit, how it enhances your Pool offering?

are there any shifts that you would call out, particularly curious about MCS and WSS just given the moving parts

How should we think about margin cadence through the back half? And more importantly, the -- what's the realistic exit rates

Bill, you just said Q1 mix impact couple of hundred basis points. By how much does that step up into Q2?

perhaps offer a little more detail on April order trends and you know, any apparent impact in the early days of additional pricing