Successful Divestitures and Debt Reduction
Finalized the sale of the land management business, generating $462 million in proceeds, which were used to reduce debt. The pro forma leverage ratio is now under 1x.
Net Promoter Score Improvement
Achieved a Net Promoter Score of 72, an improvement of 3 points from the previous year, reflecting strong customer satisfaction.
Cost Optimization Success
Achieved $50 million in run rate savings from the cost optimization program, exceeding the full year '25 commitment. Anticipated fiscal '26 cumulative cost saving run rate commitment raised to $80 million to $90 million.
Strong Free Cash Flow
Reported a free cash flow conversion rate of nearly 50% in 2025 and expected to be at 50% in 2026.
Strategic Portfolio Reshaping
Reshaped the portfolio through divestitures to focus on growing EBITDA, expanding margins, and reducing cyclability.