Garrett Motion Inc.

Hello, my name is Bailey and I will be your operator this morning. I would like to welcome everyone to the Garrett Motion Second Quarter 2026 Financial Results Conference Call. This call is being recorded and a replay will be available later today. After the company's presentation, there will be a Q&A session. I would now like to hand over the call to Cyril Grandjean, Garrett's Vice President, Investor Relations and Treasurer. Please go ahead.

Thank you, Bailey, and good morning, everyone. We appreciate you joining us to review Garrett Motion's second quarter 2026 financial results. Our presentation and press release are available on the investor relations section of our website. Today's discussion includes forward-looking statements that involve risks and uncertainties. Please refer to our SEC filings including our most recent annual report on Form 10-K for a discussion of factors that could cause our results to differ materially from these forward-looking statements. Today's presentation also includes certain non-GAAP measures which we use to help describe how we manage and operate the business. Please review the disclaimers on slide 2 of our presentation as the content of our call will be governed by this language. With me today are Olivier Rabiller, our President and Chief Executive Officer, and Sean Deason, our Senior Vice President and Chief Financial Officer. Olivier will begin by sharing highlights from another strong quarter, both in terms of financial performance and strategic wins. Sean will then review our second quarter financial results and updated 2026 outlook. With that, I'll turn the call over to Olivier.

Thank you Cyril, and thank you all for joining us today. Indeed, I'm very pleased to report another strong quarter driven by growth, solid operating performance, and margin expansion. We delivered growth across all of our verticals. Net sales were $976 million, up 7% on the reported basis, and 5% at constant currency. Against a backdrop of lower light vehicle production in the quarter, Garrett's growth reflects continued share of demand gains in light vehicle, recovery in commercial vehicle, and increased demand for industrial. So far this year, we sold over $80 million of turbos for industrial applications, and we expect further growth in the second half with a view that is now about $200 million of sales in industrial for the full year. In the second quarter, we kept on with our disciplined execution and thorough productivity actions, enabling us to deliver strong operating performance, achieving a record adjusted EBIT of $152 million and an adjusted EBIT margin of 15.6%. Along with this operating performance, We generated a healthy adjusted free cash flow of $122 million and in line with our capital allocation framework, we repurchased $28 million of common stock and paid $15 million in dividend. In light of our first half performance, we are now raising our outlook and Sean will take you through all the details later on. Let me now turn to slide four to discuss Garrett's continued progress across our differentiated technology. We continue to build momentum across our turbo portfolio and secure multiple gasoline awards this quarter, including a large program in North America. During the quarter, we also secured several power generation awards, as well as the first award for the Garrett Meg 200 Turbo for data center power generation, one of the largest turbos ever made by Garrett. Turning to zero-emission technologies, we also made further progress during the quarter. We kicked off pre-development activities for our commercial vehicle electric powertrain solution with a Japanese truck manufacturer. And on the passenger vehicle side, our high-speed e-powertrain continues to generate positive test results and encouraging feedback from OEMs. Further to our previously announced e-cooling partnership, we see growing interest across multiple HVAC OEMs for various target applications, and we are now in active dialogue with all of them to support this growing opportunity. The strong progress we are making both on the Turbo and the Zero Emission applications emphasize the strategy that was presented to all of you during our Technology and Investor Day in May. With that, I will now turn the call to Sean who will walk you through the financial results and outlook.