Question-and-Answer SessionJohn, you've done a fabulous job when it comes to Howmet. There was one interesting contrast in the second quarter results, where many suppliers, including yourself, saw an inventory destocking, but Howmet's commercial OE business still grew low single digits unlike many. So in large part because of the actions you've taken over the past year, are you seeing any sense of shift from your OEM customers? And how do you think you're keeping -- how are you thinking about supply chain l ...

EARNINGS PRESENTATION July 31, 2025 CAUTIONARY STATEMENT Safe Harbor Statement Gross profit margin is at its highest level in five quarters. Industry destocking was a slight headwind during the quarter, but this trend appears to largely have run its course. The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this presentation the matters set forth in this presentation include forward-looking statements. These statements can be identifie ...