Innospec Inc.

Good day and thank you for standing by. Welcome to the Innospec's second quarter 2026 earnings release conference call and webcast. At this time, all participants are in early mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, please press star 1-1 on your telephone. You will then hear an automated message and your hand is raised. To withdraw your question, please press star 1-1 again. Please note that today's conference is being recorded. I would now like to have the conference over to your speaker, David Jones, General Counsel and Chief Compliance Officer. Please go ahead.

Thank you. Welcome to InnoSpec's second quarter earnings call. This is David Jones, and I'm InnoSpec's General Counsel and Chief Compliance Officer. The earnings released for the quarter in this presentation are posted on the company's website. During this call, we will make forward-looking statements, which are predictions and predictions about future events. These statements are based on current expectations and assumptions that are specific to risk and uncertainties that could cause actual results to differ materially from the anticipated results implied by such foreign-looking statements. The risks and uncertainties are detailed in InnoSpec's filings with the SEC. Please see the SEC site and InnoSpec site for these and related documents. In today's presentation, we've also included non-GAAP financial measures. A reconciliation to the most 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 as additional items to aid investor understanding of the company's performance in addition to the impact these items and events had on financial results. With me today from Innspec are Patrick Williams, President and Chief Executive Officer, and Ian Cleminson, Executive Vice President and Chief Financial Officer. And with that, I turn it over to you, Patrick.

Thank you, David. and welcome everyone to Inispec's second quarter 2026 conference call. This was a strong quarter for Inispec with all businesses contributing to double digit sales and operating income growth. Performance Chemicals operating leverage drove a 15% operating income increase over last year. In North Carolina, we continue to prioritize plant repairs and process improvements, which will drive long term benefits. In parallel, we are commercializing new technologies in all end markets and targeting further margin improvement opportunities across the business. We expect these combined efforts to drive further improvement in the second half of 2026. Field Specialties had another strong quarter, delivering revenue and operating income growth with margins in our target range. Volume and price mix improved as the business continued to achieve consistently strong results through a range of economic cycles. While there may be some margin headwind in the sequential quarter because of the lag between pricing and cost inflation, we expect a continued strong performance. Oilfield services operating income in March is approved sequentially and on the prior year driven by recent DRA plant expansion and growing opportunities for this technology in the markets we serve. Performance is below our expectations in our completions and production business where opportunities remain for growth and margin improvement. Furthermore, our Middle East business is positioned for growth as onshore completions activity levels recover. We are confident that these combined efforts will drive further sequential improvements in the second half of 2026. Now I will turn the call over to Ian Cleminson who will review our financial results in more detail. Then I will return with some concluding comments. After that, Ian and I will take your questions. Ian?