On our merger announcement conference call on June 26, 2025, we established a goal to generate value through cost synergies between the two companies. We said we could achieve $70 million in cost savings within three years of closing. We are on track to achieve year one cost synergies faster than planned and now expect to reach $23 million in cost savings by the end of the first year compared to the $17 million we said we would achieve for 2026.

Feb 20, 2026 / CEO / receipt, needs a key / David Cherchensky, CEO | earnings call 2026-02-20 | transcript c22a67d9-0813-46fe-b9fa-3d8763e1a621 | chars 8161-8610 | segment 8

In terms of self-help initiatives deployed in 2024, in addition to seeking other efficiencies, we are actively rationalizing IT costs, third-party expenses, vehicle facility and footprint rationalization, in addition to managing T&E expenses.

Feb 13, 2025 / CEO / receipt, needs a key / David Cherchensky, CEO | earnings call 2025-02-13 | transcript 09022b8d-2d5d-4f89-8a1b-24a19ed6a9d4 | chars 7624-7866 | segment 7