Alto Ingredients, Inc.

Good day, everyone, and welcome to the Alto Ingredients second quarter 2023 financial results conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star and then one on a touchtone telephone. To withdraw your questions, you may press star and two. Please also note today's event is being recorded. At this time, I'd like to turn the floor over to Kirsten Chapman with LHA Investor Relations. Ma'am, please go ahead.

Thanks, Jamie, and thank you all for joining us today for Alto Ingredients' second quarter 2023 results conference call. On the call today with me are President and CEO Brian McGregor, Director and Interim COO Mike Kandris, and CFO Rob Olander. Alto Ingredients issued a press release after the market closed today providing details of the company's financial results. The company has also prepared a presentation for today's call that is available on the company's website at altoingredients.com. A telephone replay of today's call will be available through August 14th, the details of which are included in today's press release. A webcast replay will also be available at Alto Ingredients' website. Please note that the information on this call speaks of only as today, August 7th. You're advised that time-sensitive information may no longer be accurate at the time of any replay. Please refer to the company's safe harbor statement on slide two of the presentation available online, which states that some of the comments in this presentation constitute forward-looking statements and considerations that involve a number of risks and uncertainties. The actual future results of Alto Ingredients could differ materially from those statements. Factors that could cause or contribute to such differences include, but are not limited to, events, risks, and other factors previously and from time to time disclosed in Alto Ingredients filings for the SEC. Except as required by applicable law, the company assumes no obligation to update any forward-looking statements. In management's prepared remarks, non-GAAP measures will be referenced. Management uses these non-GAAP measures to monitor the financial performance of operations and believes these measures will assist investors in assessing the company's performance for the period being reported. The company defines adjusted EBITDA as unaudited net income or loss before interest expense, interest income, provision for income taxes, asset impairments, loss of extinguishment on debt, acquisition-related expense, fair value adjustments, and depreciation and amortization expense. To support the company's review of non-GAAP information, a reconciling table was included in today's press release. On today's call, Mike will start with an introduction. Brian will provide a review of our strategic plan and activities. Rob will comment on our financial results. And then Brian will wrap up and open the call for Q&A. It is now my pleasure to introduce Mike Kandris. Mike, please go ahead.

Thank you, Kirsten, and thank you, everyone, for joining us today. I'm pleased to announce, as issued in a press release this morning, that Brian McGregor has been appointed president and CEO, and Rob Olander has been appointed CFO. I will continue on as a director and have agreed to support the company during the leadership transition for up to a year as the interim chief operating officer. We believe that succession planning is one of the most important things that we do and we take it very seriously. To that end, Brian and I have been working closely together for many years and even more so the last three years on our strategic plan to diversify revenue streams, optimize operations, and expand EBITDA. Brian is recognized for his strong leadership, strategic vision, and outstanding management capabilities. Prior to Alto, Brian developed and managed capital financing for over 40 global, industrial, and infrastructure projects valued in excess of $12 billion. Then, as a critical player at Alto for over 15 years, he gained a deep understanding of our markets and business needs. The board and I are confident he will lead the team to drive Elto Ingredients' sustainable profitability. Congratulations, Brian. Rob Olander, our new CFO, is an expert in public accounting, company accounting, and process improvement. He has been a valuable player in developing and implementing our financial strategy. Rob will be a strong contributor as our new CFO. Congratulations, Rob. Now I will hand the call to our president and CEO, Brian McGregor.