I want to thank everyone on the team for an outstanding 2025. This past year asked a great deal from each of you, and you delivered with focus, resilience, and a commitment to our customers that truly stands out. Because of your efforts, we closed the year on solid footing and enter 2026 with real momentum and strong customer confidence.

Our 2025 results showed meaningful progress in the company’s performance. While sales were only slightly higher than in 2024, earnings grew by an impressive 34%, bringing us to an 8% profit margin. That kind of improvement does not happen by accident. It reflects disciplined execution, smart decisions, and a relentless drive to operate more efficiently without ever compromising the service our customers expect. Thank you for the extra effort, the ideas, and the ownership mindset that made this possible.

Looking ahead, our 2026 budget marks the next step forward. We are planning for approximately 4% sales growth in our base business and targeting a 10% margin—right in line with industry averages and a clear sign of our continued progress. These goals are well within reach. With the foundation we’ve laid over the last few years, we are positioned not only to meet these goals but potentially to exceed them.

The economic outlook for 2026 is encouraging, and we are well prepared to take advantage of it. Our team launched a significant number of new products in 2025, with even more planned for 2026. This expanding pipeline of innovation gives customers more reasons to choose us and strengthens our market position. It’s energizing to watch ideas that began as concepts now turning into real solutions that move our business forward.

Equally important is the feedback we hear from our customers and agents. Their high satisfaction levels reflect the way you show up every day—solving problems, listening carefully, and following through on commitments. Strong satisfaction today fuels tomorrow’s growth and reinforces that we are on the right path.

As we begin 2026, there is a great deal to be proud of and even more to pursue. Our operating priorities remain clear: Market Share Expansion, Service Excellence, and Organizational Efficiency. With a solid financial foundation, a favorable economic environment, a robust new product pipeline, and strong customer and agent relationships, we are in an excellent position. Our strong order intake to start January is already evidence of this momentum. Most importantly, our team gives me complete confidence in our future.

Thank you again for everything you accomplished in 2025. With the strength of our team and the opportunities in front of us, 2026 looks very promising—and I’m genuinely excited for what we will achieve together.