Caesarstone Ltd.

Greetings and welcome to Caesar Stone, second quarter 2025 earnings conference call. At this time, all participants are in a listen or limo. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Brad Kray of ICR. Thank you, you may begin.

Thank you, operator, and good morning to everyone on the line. I am joined by Yosha Rahn, Caesar Stone's chief executive officer, and Nahum Trost, 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 loss income, adjusted net loss income 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, 2025, earnings release, which is posted on the company's investor relations website. On today's call, Yosha will discuss our business activity and Nahum will then cover additional details regarding financial results before we open the call for questions. Thank you, and I would now like to turn the call over to Yosha. Please go ahead.

Thank you, Brad, and good morning, everyone. Thank you for joining us to discuss our second quarter 2025 results. Our second quarter results reflect persistent softness, mainly in repair and remodel activity across the industry. We are taking decisive actions to align our cost structure and improve profitability. To that point, during the quarter, we initiated incremental cost reductions that are expected to bring an additional $10 million of annualized savings, commencing in the second half of 2025. This adds to the approximately $10 million in incremental cost savings we are already on track to realize in 2025 compared to 2024. Combined, this brings our total annualized cost savings since initiating our transformation to over $55 million compared to 2022. These measures add to the benefits we are attaining from our improved production footprint. We have shifted over 70% of our production to our global manufacturing network, which provides us with enhanced operational flexibility. We continue to expand our production partnerships to further reinforce our competitiveness. Regarding our porcelain business, we are accelerating product development and expanding our porcelain portfolio to capture growing market opportunities in this attractive product category. In Australia, we continue to make solid progress with our zero-crystal and silica products, ensuring our compliance with regulatory requirements while strengthening our competitive position. During the quarter, we completed development and launch of the full zero-crystal and silica collection. In our other markets and in Australia, we expect to launch additional innovative products during the remainder of the year, as well as for the next year. As we move forward, we remain focused on investing in our strategic transformation initiatives to better position ScissorsTone to scale efficiently. The structural improvements we've made, including cost reductions and operational enhancements, position us well to achieve higher levels of profitability as volumes improve. I'll now turn the call over to Nahum to review our financial results in more detail.