Synalloy Corporation

Good afternoon, everyone, and thank you for participating in today's conference call to discuss Sinaloa's financial results for the second quarter ended June 30, 2021. Joining us today are Sinaloa's Chairman of the Board, Ben Rosenzweig, Interim President and CEO, Chris Hutter, CFO Sally Cunningham, and the company's outside investor relations advisor, Cody Cree. Following their remarks, we'll open the call for your questions. Before we further, I would like to turn the call over to Mr. Cree as he reads the company's safe harbor statement within the meaning of the Private Securities Litigation Reform Act of 1995 that provides important cautions regarding forward-looking statements. Cody, please go ahead.

Thanks, Lori. Good afternoon and thank you all for joining our conference call to discuss Sinaloa's second quarter 2021 financial results. Before we continue, we would like to remind all participants that the discussion today may contain certain forward-looking statements pursuant to the safe harbor provisions of the federal securities laws. These statements are based on information currently available to us and are subject to various risks and uncertainties that could cause actual results to differ materially. Sinaloa advises all of those listening to this call to review the latest 10Q and 10K posted on its website for a summary of these risks and uncertainties. Sinaloa does not undertake the responsibility to update any forward-looking statements. Further, the discussion today may include non-GAAP measures. In accordance with Regulation G, the company has reconciled these amounts back to the closest GAAP-based measurement. The reconciliations can be found in the earnings press release issued earlier today and posted on the investor section of the company's website at Sinaloid.com. Please note that this call is available for replay via webcast link that is also posted on the investor section of the company's website. With that, I'd like to turn the call over to Sinaloid's Chairman of the Board, Ben Rosenzweig. Ben?

Thank you, Cody. I'd like to start by saying how appreciative I am to be here at Sinaloid. As Chris and I have said all along, we think Sinaloa has incredible potential and are confident that with the right strategy, personnel, and oversight, this company will do great things to benefit all stakeholders. It begins with our employees, and we've made a concerted effort to invest in our talent, starting by bringing in experienced leaders from outside the organization who we're confident can best position our incredibly skilled and loyal team members for success. I've truly enjoyed seeing our workforce react enthusiastically to these changes, and the energy is palpable as we continue to professionalize the organization and drive a cohesive will-to-win attitude across all of our facilities. I'd also like to reiterate what Chris has stated in the past. We're not just here to fix. We're here to grow. This year has been about getting back to basics with our new team focused on identifying and executing on the building blocks of our future operational success. that we've made great strides in quickly right-sizing our cost structure and will remain mindful of our expenses moving forward. We're not in cost-cutting mode. We're simply establishing a culture of scrutinizing our expenditures to make sure we're getting max benefit out of every dollar. There's a tremendous amount of potential value in our businesses, and the bulk of that will be realized through being a best-in-class operator capable of continuing to grow share with our loyal customers. We won't hesitate to spend money on targeted, well-vetted growth initiatives that deliver value to the marketplace and provide an attractive risk-adjusted return. My hope is that our strategic growth can be achieved by surrounding ourselves with principled and motivated leaders and giving them every resource they need to be successful. We're committed to inclusive, data-driven decision-making and believe in driving a pervasive ownership mentality throughout the organization, where aligned incentives and transparency breed a culture of accountability. I'm excited by the opportunity we have in front of us and proud of what the team has been able to accomplish so far. We're building this company for the long term. While there's still lots of work to do, I genuinely believe we're taking the right measures to set Sinaloa up for lasting success. Now I'd like to pass the call over to Chris and Sally, and I'll be happy to rejoin at the end for questions.