Caesarstone Ltd.

Greetings and welcome to the Caesars Stone Ltd. Second Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief 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. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Brad Kray. Thank you, Brad Kray. You may begin.

Thank you, Operator, and good morning to everyone. I am joined by Yuval Begim, Caesar Stone's Chief Executive Officer, and Ophir Yakobian, Caesar Stone's Chief Financial Officer. Certain statements in today's conference call and responses to various questions may constitute forward-looking statements. We caution you that such statements reflect only the company's current expectations and that actual events or results may differ materially. For more information, please refer to the risk factors contained in the company's most recent annual report on Form 20F and subsequent filings with the SEC. In addition, on this call, the company will make reference to certain non-GAAP financial measures, including adjusted net income loss, adjusted net income loss per share, adjusted gross profit, adjusted EBITDA, and constant currency. The reconciliation of these non-GAAP measures to the most directly comparable GAAP measures can be found in the company's second quarter 2020 earnings release, which is posted on the company's investor relations website. Thank you and I would now like to turn the call over to Yuval. Please go ahead.

Thank you, Brad, and good morning, everyone. I'm incredibly proud of our entire team for the commitment to excellence and consistent improvement during the second quarter. Since our last earnings call in May, we've continued to work hard to manage through the far-reaching impact of COVID-19 to protect the health and well-being of our employees Great partners and customers. While health and safety remains our top priority, the CSISOM team has focused on operational performance and financial strength in this dynamic environment. By being adaptable, we were able to quickly right-size our resources and continue to safely deliver our premium countertop offerings across our global footprint. Protecting our strong financial position is a priority, and we have taken steps to improve our working capital and maintain our liquidity. As we look back to those decisive actions, we believe we have so far effectively mitigated the impact of various economic limitations and shelter-in-place guidelines that were beyond our control. We are encouraged to see sequential demand improvements in June. as more businesses are open and consumers adapt to the new social distancing reality. This led to second quarter results that were better than our expectations at the onset of the pandemic in all our four global regions. We will continue to focus on controllable factors such as managing costs, preserving our strong capital position, and flexing our capacity as needed to appropriately address demand. While we have to maximize our market opportunity into the recovery, we are also keeping a sharp focus on executing many structural business enhancements as part of our Global Growth Acceleration Plan. Even as we reduced our capex as part of the mitigation to the situation, we are still allocating resources and executing against the plan to improve our business over the long term, primarily in areas of productive innovation, go-to-market capabilities, We continue to invest in innovation, and we are very excited with our strong pipeline of new models we are launching this year and plan to introduce to the market in the coming months. In addition, the award-winning Solaris outdoor collection that we rolled out last quarter has opened new markets for us. We continue to make further progress on improvements to our go-to-market approach, including greater use of technology to leverage our virtual capabilities in this new environment. As we move into the balance of 2020, we are confident in our ability to continue improving our sequential revenue performance as the recovery takes hold. We believe our strong financial resources, talented workforce, and Transformative Investments position us to deliver on our long-term approach to value creation. And with that, let me turn the call over to Ophir, who will provide details on our results and outlook.