Optimistic Long-Term Growth Potential Despite Current Challenges: A 'Show-Me' StoryWe expect shares to open lower on following mixed fourth-quarter results, with revenue below expectations and adjusted EBITDA in line. We believe EBITDA were in line despite the top-line miss primarily due to strong development margin expansion (up 340 basis points) partly driven by favorable year-end closeouts. More importantly, maintenance land organic growth was down 1.4% when we believe investors were expecting a more meaningful sequential improvement (maintenance land was down 2.6% in the third quarter). We believe macro uncertainty, while improving from earlier in the year, remains a headwind to the maintenance land and development businesses. The outlook for 2026 also came in lower than investors were expecting on the top and bottom line.