Bel Fuse Inc.

Good day, and welcome to the Belfuse, Inc. Second Quarter 2021 Results Conference Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Dan Bernstein, President and Chief Executive Officer. Please go ahead.

Thank you, James. Joining me on the call today is Farouk Tawik, our CFO, Greg Brocious, our Vice President of Finance, and Nick Huckin, our Director of Financial Reporting. Before we begin the call, I'd like to ask Lynn to go over the Safe Harbor Statement. Lynn? Lynn?

Thank you, Dan. Good morning, everybody. Before we start, I would like to read the following State Farber statement. Except for historical information contained on this call, the matters discussed on this call, such as statements regarding anticipated cost savings resulting from the closure of Bell's Modules Design and Technical Support Center in Maidstone, UK, expectations concerning pricing adjustments taking effect and their impact on offsetting labor and material cost increases, the company's plans, intentions, expectations, and efforts in connection with profit improvement and maximization, operational efficiencies, and the pursuit of certain opportunities and markets, expectations regarding backlog as an indicator of sales, supply constraints, and the company's ability to manage them, and anticipated future trends, plans, and results for the business, including for the second half of 2021. are all forward-looking statements as described under the private securities litigation reform act of 1995 that involves risks and uncertainties actual results could differ materially from bell's projections among the factors that could cause actual results to differ materially from such statements are the market concerns facing our customers the continuing viability of sectors that rely on our products the impact of public health crises such as the governmental, social, and economic effects of COVID-19, the effects of business and economic conditions, difficulties associated with integrating recently acquired companies, capacity and supply constraints or difficulties, product development, commercialization, or technological difficulties, the regulatory and trade environment, risks associated with foreign currencies, uncertainties associated with legal proceedings, the market's acceptance of the company's new products and competitive responses to those new products, the impact of changes to U.S. trade and tariff policies, and the risk factors detailed from time to time in the company's SEC report. In light of the risks and uncertainties, there can be no assurance that any forward-looking statement will, in fact, prove to be correct. We undertake no obligation to update or revise any forward-looking statement. We also may discuss non-GAAP results during this call and reconciliations of our GAAP results to non-GAAP results have been included in our release. I would now like to turn the call back to Dan for a general business update.