CMC Materials, Inc.

Good day, and thank you for standing by. Welcome to the CMC Materials Second Quarter Fiscal 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After this week's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star 0. I would now like to hand the conference over to your speaker today, Colleen Munford, Vice President, Communications and Marketing. Please go ahead.

Thank you. Good morning. With me today are David Lee, President and CEO, and Scott Beamer, Vice President and CFO. Last night we reported results for our second quarter fiscal year 2021, which ended March 31st, 2021. We encourage you to review the slides and remarks document we've made available in the quarterly results section of the Investor Relations Center on our website, cmcmaterials.com. A webcast of today's conference call and the script of this morning's remarks and question and answer session will also be available on our website shortly after this live conference call. You may request any of the information by calling our Investor Relations Office at 630-499 Please remember that our discussions today may include forward-looking statements that involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from these forward-looking statements. These risk factors are discussed in our SEC filings, including our Form 10-K for the fiscal year ended September 30, 2020. and our Form 10-Q for the quarter ended March 31st, 2021, which we expect to file by May 10th, 2021. We assume no obligation to update any of this forward-looking information. Also, our remarks this morning reference certain non-GAAP financial measures. Our earnings release and slide presentation include a reconciliation of each non-GAAP financial measure to the nearest comparable GAAP financial measure. Additionally, data reflects rounded values throughout this discussion and in the accompanying slides and remarks documents. I will now turn the call over to Dave for opening comments, followed by a question and answer session.

Thanks, Colleen. Good morning, everyone. As announced last night, we achieved another quarter of record revenue. We believe our performance reflects our leadership positions continued innovation, and strong business execution, particularly in the electronic materials segment. We continue to operate our global manufacturing locations without interruption and are proud of our global employees for their sustained focus on health and safety, as well as their ongoing efforts to produce and deliver best-in-class solutions to our customers around the world. In terms of outlook, as announced, we are very encouraged by the strength and demand we are seeing for our electronic materials solutions, particularly CMP slurries and CMP pads, given our technology leadership and advantage positions across all segments and geographies. We see significant growth momentum for our products across all sectors and geographies, with the strongest performance in foundry and China. Looking ahead, we see continued growth for our company above this record quarter, driven again by strength in our electronic materials segment. I would also like to highlight that we are improving our full-year adjusted EBITDA range to between $370 million and $390 million. demonstrating performance in the first half and our confidence in our growth prospects and strong profitability for the next two quarters. Our second quarter results demonstrate the quality of our portfolio and leadership positions, particularly in electronic materials. We are excited about the expected growth in our core businesses and are confident in our ability to capitalize on the favorable semiconductor operating environments. Looking ahead to our third fiscal quarter, we expect to again deliver sequential growth above this record quarter across both segments. With that, I'll turn the call over to the operator as we prepare to take your questions.