For the first quarter, adjusted operating expenses were 42.9% of sales, leveraging 50 basis points versus last year, driven by the cost reduction actions and organizational changes implemented during 2025 and diligent expense management during the quarter.

Jun 9, 2026 / CFO / receipt, needs a key / Seamus Toll, CFO | earnings call 2026-06-09 | transcript 4809af25-678d-4b07-8121-f5411b5ecbea | chars 11925-12181 | segment 11