Cognex Corporation

Greetings. Welcome to Cognex's second quarter 2020 earnings conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to Susan Conway, Senior Director of Investor Relations. Thank you. You may begin.

Good evening, everyone. Thank you for joining us today. With us are Cognex's Chairman, Dr. Bob Shillman, President and CEO, Rob Willett, and Chief Financial Officer, Paul Podger. I'd like to point out that our earnings release and quarterly report on Form 10-Q are available on our Investor Relations website at www.cognex.com forward slash investor. Both contain highly detailed information about our financial results. Use a non-GAAP financial measure if we believe it is useful to investors or if we believe it will help investors better understand our results or business trends. You can see a reconciliation of certain items from GAAP to non-GAAP in Exhibit 2 of the earnings release. Any forward-looking statements we made in the earnings release or any that we may make during this call are based upon information that we believe to be true as of today. Things often change, however, and actual results may differ materially from those projected or anticipated. For a detailed list of risk factors, you should refer to our SPC filing, including our most recent Form 10-K and subsequent quarterly reports on Form 10-Q. Now, I'd like to turn the call over to Dr. Baugh.

Thanks, Sue. Hello, everyone, and welcome to our second quarter of 2020 earnings. It has been a very busy three months since I talked to you on earnings. That time in our business and most others have deteriorated substantially due to the worldwide government-ordered shutdowns attributed to COVID-19. Because of that, we had to make difficult measures to align our company to the slowdown, and that resulted in large write-downs in Q2, severely affected our reported financial results. The details on those results and on what Cognex has been doing this past quarter, I'll turn the call over to my partner, Cognex's CEO, Rob Willis. Rob, the microphone is yours.