Modified · OVERVIEW AND OUTLOOK

In the third quarter of 2023, we introduced our Springboard plan to grow sales and enhance our profitability base. We communicated a high-confidence and launched our plan to add $3 billion in incremental with an annualized core sales and set a core operating margin target run rate of 20% by the end of 2026 (as compared to our Springboard starting point)$13 billion. As of Over the fourth quarter of 2025, we achieved both our growth past two and profitability targets a full year ahead of planhalf years, and in January 2026, we upgraded this high-confidence plan to $5.75 billion. Since the launch of Springboard, we have significantly grown annualized sales and expanded our profitability. Our continued performance on our Springboard plan has transformed the financial profile of the Company and delivered durable growth across our businesses. We see remarkable demand for our innovations and manufacturing capabilities, which we believe will lead to additional growth opportunities through 2026 and beyond.