The Andersons, Inc.

Good morning, and welcome to the Anderson's 2022 Second Quarter Earnings 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, then one on your telephone keypad. To withdraw your question, please press star, then two. Please note this event is being recorded today. I would now like to turn the conference over to Mike Holter. Please go ahead.

Thanks Joe. Good morning everyone and thank you for joining us for the Anderson second quarter earnings call. We have provided a slide presentation that will enhance today's discussion. If you are viewing this presentation via our webcast, the slides and commentary will be in sync. This webcast is being recorded and the recording and the supporting slides will be made available on the investors page of our website at andersonsinc.com shortly. Please direct your attention to the disclosure statement on slide two, as well as the disclaimers in the press release related to forward-looking statements. Certain information discussed today constitutes forward-looking statements that reflect the company's current views with respect to future events, financial performance, and industry conditions. These forward-looking statements are subject to various risks and uncertainties, Actual results could differ materially as a result of many factors which are described in the company's reports on file with the SEC. We encourage you to review these factors. This presentation and today's prepared remarks contain non-GAAP financial measures. Reconciliations of non-GAAP measures to the most directly comparable GAAP financial measure are included within the appendix of this presentation. On the call with me today are Pat Bowe, President and Chief Executive Officer, and Brian Valentine, Executive Vice President and Chief Financial Officer. After our prepared remarks, we will be happy to take your questions. I will now turn the call over to Pat.

Thank you, Mike, and good morning, everyone. Thank you for joining our call this morning to review our second quarter results. We're thrilled to report this outstanding, all-time record quarter. With all three of our segments providing significant double-digit improvement over the second quarter of 2021, we surpassed our prior quarterly record. Renewables and plant nutrient also had year-over-year increases last quarter. Trade's first quarter of 2022 results lagged a strong 21 first quarter, but enabled us to accumulate grain ownership positions at good values. With this Q2 result, trade has rebounded strongly and nearly equaled their 2021 year-to-date results. Trade group results reflect the corn and bean basis appreciation that we expected would occur after the Ukraine war impact on futures prices in the first quarter. Wheat ownership in our grain terminal assets is earning space income. We had very strong results from our Midwest truck grain merchandising business. Our food and specialty ingredients business lines also delivered strong results in the quarter. Of note was our UK subsidiary feed factors. Renewables had a record quarter. Our ethanol plants delivered strong results from good overall margins. We once again had good results from third-party merchandising of ethanol, low CI renewable feedstocks, and other co-products. We remain positive on the outlook in renewables. Plant Nutrient followed a record first quarter with another very strong quarter. We completed a favorable spring application season that included solid margins that more than offset volume decreases in our agricultural product lines. Our well-positioned inventory and good execution kept products flowing to customers in this supply-constrained environment. I'm now going to turn things over to Brian to cover some of our key financial items. When he's finished, I'll be back to discuss our outlook for the remainder of 2022. Brian?