Embecta Corp. ( EMBC ) Bank of America Global Healthcare Conference 2026 May 13, 2026 6:00 PM EDT Company Participants Devdatt Kurdikar - President, CEO & Chairman Conference Call Participants Gracia Mahoney - BofA Securities, Research Division Presentation Gracia Mahoney BofA Securities, Research Division Today, I'm joined by Dev Kurdikar, CEO and President of Embecta. Thanks for joining us today, Dev. Devdatt Kurdikar President, CEO & Chairman It's a pleasure to be here. Thank you for having us. Question-and-Answer Session Gracia Mahoney BofA Securities, Research Division Maybe just to start out Q1 earnings last week, talking a little bit about a U.S. business reset. So the U.S. business was stable around $1 billion post spin, but you started to see some instability earlier this year and then worsening in March, leading to cutting fiscal year '26 guidance. So can you just maybe start out by walking us through what changed? How much was customer-specific share loss versus broader market softness?…