Jon Stansel

Jon Stansel asked about the cadence of the $125 million run rate contribution from value creation initiatives, specifically if implementation costs in the first half of 2026 would create a headwind and if it would still be a net benefit for the full year.

Answer

Ronald N. South, Senior Vice President and CFO, confirmed that the full year expectation is a net benefit from the initiatives, despite potential lumpiness due to investment timing. He reiterated that the benefit would be more heavily weighted to the second half of the year.

Jon Stansel followed up on the cadence of the $125 million run rate contribution from value creation initiatives, asking if implementation costs in the first half of the year could create a potential headwind early on, and if a net benefit for the full year is still expected.

Answer

Ronald N. South, Senior Vice President and CFO, confirmed that a net benefit is expected for the full year from these initiatives. He noted that there could be some lumpiness in quarterly results due to the timing of investments, with benefits more heavily weighted towards the second half of the year.