Looking ahead, our priorities are clear- improving execution, converting our $2.8 billion backlog, continuing to progress our 3D growth strategy (Diversify, Decarbonize, Digitize) and integrating the pending Velan transaction. We believe executing these actions will drive sustainable growth and value creation for all of our stakeholders." Revised 2023 Guidance 3 Flowserve is raising its Revenue and Adjusted EPS guidance metrics for 2023, as well as re-affirming certain other financial metrics, as shown in the table below: The outlook excludes any contribution from the previously announced pending acquisition of Velan Inc. Additionally, Flowserve's 2023 Adjusted EPS target range also excludes expected adjusted items including realignment charges of approximately $25 million, as well as the potential impact of below-the-line foreign currency effects and certain other discrete items which may arise during the course of the year.