Noah Kaye

I wonder if it would be possible to get a little bit better view at sort of country level dynamics

now that we have a little bit more certainty that this is going to happen, even if we are still looking for the fine points of it, what is the guide embed for, any kind of prebuy for '26

is it an incremental headwind to margins, the investment and the preparation costs for launch in 2026? Or are we actually starting to lap that

How do you think about tying together some of those elements, including what might sit in Accelera today

is it fair to think of as a baseline that engineering and development spend can be a potential tailwind into next year?

can you give us any color on trends in wallet share expansion with the data center customers

are you doing sort of redundant or duplicative engineering development for a variety of outcomes?

is it possible to kind of dimension for us the assumption around the gross cost inflation or even the net cost inflation as a margin headwind

is there a blueprint here for creating any kind of new infrastructure within the company from a sort of product or go-to-market perspective

Maybe just refresh us on where that entitlement, the attachment rate related to today and where you see it going

can you kind of give us some goalposts for how you think about that among the different offerings

how to think now about the timing difference in cost increases versus price realization. You mentioned the incremental costs, many of them won't really layer in until 3Q

Any lingering under-absorption headwinds to think about here for 2Q or are we kind of mostly caught up now that restocking is underway

whether we should view those, you know, growth organic investments in CapEx as something more permanent

you mentioned a couple of times the absorption factor for 1Q. Can you expand on that

you highlighted meaningful JV growth from Samsung. Can you what meaningful would look like? Is that a point or two of growth

Can you help us understand or dimensionalize what level within that we'd be talking about in terms of a tier of low margin accounts

I wanted to ask about the inventory build. You provided some color, but I was hoping to maybe unpack a little bit further what drove the sequential build

the 25 SEER expiration. Of course, that's eligible through the end of the year to claim. Any anticipation in the guide of a demand pull forward around that

Can you help us understand what a scenario might look like if USMCA exemptions were no longer to be in effect

how would you think about your opportunities related to that? And for example, if we do have tariffs on USMCA partners

the nature of those sounded more like facility expansions. So just give us a bit more color on these investments and why they're OpEx versus CapEx?

To get 90 bps underlying margin expansion when you had the headwinds from fuel -- from a weather rather and some of the cost pressures it's impressive.

can you sort of benchmark where that benefit might be penciling out for '26? And how to think about it flowing in a couple of years?

help us understand what have you assumed for that business in terms of total growth in '26

help us understand how much of that is kind of further controlled shedding in resi versus anything else

update us on how you see price cost spread heading into year-end here and kind of the runway for '26

is that all really from the bonus depreciation benefits? Can you say how much those were

the lower expected revenues in ES could be mix positive, but it just seems like there's kind of better underlying solid waste margin expansion

it looked like it was about maybe 70 bps or so organic growth within the segment. Was that all price? What happened with volumes

some real leverage there on the fuel line. Also, some of the gains were in transfer and disposal. Then on maintenance

The $1 billion of M&A spend for the year just given the 1Q activity feels like a low bar

Just give us some rough guidelines on how you think about at least sort of EBITDA cadence for the year

The 5% yield and related revenue in the guide, can you comp that to cost inflation expectations on related

what drives your back half conservatism versus ACT. Anything that you may be seeing from the pipeline to drive that

How far in front of kind of the market is this in terms of the innovation trend?

how much overlap is there in the customer base today? And maybe can you talk a little bit about kind of key points of differentiation

how should we think about new build versus retrofit split as relative drivers of the '26 outlook?

As you layer in BrainBox and some of the other software offerings into the toolkit, how do you think about sort of a richer software mix

Should we think about kind of continued sort of software-centric? Are there any parts on the product side

Can you give us the updated price assumption for the enterprise for the year?

these investments are really fortifying your channel position there

Does the mix of bookings kind of continue to shift towards retrofit in your view?

can you talk a little bit about how it's shifting the conversations? Who you're having conversations? With who's making the decisions among your customers

to what extent your backlog has started to remix in that direction and perhaps whether we can tie that trend to the demand acceleration

Are you seeing any signs of overall cloud and colo demand scaling back or slowing down

how sustainable are some of these gains on safety in your view? Could we get further benefit?

how did sort of the mix of lower RIN and higher energy commodities impact results in the quarter?

the weather headwinds in the quarter I think you said those were half of the delta on volumes

the basket was $62 a ton in 4Q, and I think we're kind of maybe at or slightly below that

it seems like collection and disposal is going to be positive based off of what Jim and Dave just said. Just trying to understand what moving pieces there are

just broad thoughts on what would take you to the low end versus the high end of that margin guide

can we double-click on the strength in MSW as well as what drove the positive inflection in industrial volumes

kind of the exit rate as we look at 4Q in terms of the run rate on synergies there

Maybe you can talk a little bit about expectations for margins there moving throughout the year

I assume sorted office paper prices being modestly impacted the Secure Information Destruction line

I just want to make sure I guided on that 1Q synergies number for WHS

Hopefully, you had a chance to look at the EPA release yesterday around PFOS

Just help us understand maybe the different components of core price and yield assumptions that you're factoring in open market versus the sort of restricted index part

Can you maybe give us an updated breakdown now, obviously, between sort of going from $50 million to now maybe $100 million this year and going to $250 million overall