Innospec Inc.

An automated message advising your hand is raised. To withdraw your question, please press star 1 and 1 again. Please note that today's conference is being recorded. I would now like to have the conference with your first speaker, David Jones, General Counsel and Chief Compliance Officer. Please go ahead.

Thank you. Welcome to NSPEC's second quarter earnings call. This is David Jones and I'm NSPEC's General Counsel and Chief Compliance Officer. The earnings released for the quarter and this presentation are posted on the company's website. During this call, we will make forward-looking statements which are predictions about future events. These statements are based on current expectations and assumptions that are subject to risk and uncertainties that could cause the actual results to differ from the anticipated results implied by such forward-looking statements. These risks and uncertainties are detailed in NSPEC's 10K, 10Qs and other filings with the SEC. Please see the SEC site and NSPEC site for these and related documents. In today's presentation, we've also included non-GAAP financial measures. A reconciliation to the directly comparable GAAP financial measure is contained in the earnings release. The non-GAAP financial measures should not be considered as a substitute for or superior to those prepared in accordance with GAAP. They are included to aid investor understanding of the company's performance in addition to the impact of these items and events had on financial results. With me today from NSPEC are Patrick Williams, President and Chief Executive Officer, and Ian Clementson, Executive Vice President and Chief Financial Officer. And with that, turn it over to you Patrick.

Thank you David, and welcome everyone to NSPEC's second quarter 2025 conference call. This was a good quarter for NSPEC. Our balanced portfolio benefited from strong growth and fuel specialty's operating income which offset lower results in performance chemicals and oil field services. Performance chemicals deliver strong, high single digit sales growth, but gross margins remain below our expectations. We are focused on delivering sequential gross margin improvement and operating growth in the second half of the year. This is a priority for the business, and we are cautiously optimistic that we can achieve these results through a broad range of opportunities that have been identified and actioned by the team. Fuel specialty's had another strong quarter. Operating income grew by double digits and margins expanded. The business benefited from good performance across all regions and in markets, including non-fuel applications. Our outlook continues to be for steady performance in this business with focus on operating income growth and margin improvement. Oil field services operating income improved on a sequential basis due to our focus on margin improvement as discussed last quarter. Our medium term operating income margin target is above 10% and our teams will continue to drive sales, technology and cost management actions to meet these objectives. We remain focused on delivering further operating income and margin improvement through the second half of this year. Our outlook does not anticipate any resumption of Latin America activity for the remainder of the year. Now I will turn the call over to Ian Clemson who will view our financial results in more detail. Then I will return with some concluding comments. After that, Ian and I will take your questions. Ian.