AdvanSix Inc.

Good day, and welcome to the Advance 6 Second Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on a touch-tone phone. To withdraw your question, please press star, then two. Please note this event is being recorded. I would now like to turn the conference over to Adam Kressel, President of Investor Relations and Treasurer. Please go ahead.

Thank you, Dave. Good morning and welcome to Advance 6's second quarter 2022 earnings conference call. With me here today are President and CEO Aaron Kane and Senior Vice President and CFO Michael Preston. This call and webcast, including any non-GAAP reconciliations, are available on our website at investors.advancix.com. Note that elements of this presentation contain forward-looking statements that are based on our best view of the world and of our business as we see it today. Those elements can change, and the actual results could differ materially from those projected, and we ask that you consider them in that light. We refer you to the forward-looking statements included in our press release and earnings presentation. In addition, we identify the principal risks and uncertainties that affect our performance in our SEC filings, including our annual report on Form 10-K, as further updated in subsequent filings of the SEC. This morning, we will review our financial results for the second quarter of 2022 and share our outlook for our key product lines and end markets. Finally, we'll leave time for your questions at the end. So with that, I'll turn the call over to Advancix's president and CEO, Erin Kane.

Thanks, Adam, and good morning, everyone. Thank you for joining us and for your continued interest in Advancix. As you saw in our press release, Advancix delivered robust second quarter results, capping off a strong first half of 2022. Let me share a few highlights on slide three before Mike covers the details of our financials in a moment. The second quarter results reflected top and bottom line growth sequentially and year over year. Strong commercial performance to meet customer demand more than offset higher inflation as well as lower sales volume primarily due to unfavorable weather conditions driving a reduction of in-season fertilizer demand. The strength and advantage of our business model and diverse product portfolio and the continued execution to our long-term strategies again enabled us to both navigate the challenges of supply chain and logistics disruptions, escalating raw material inputs and inflationary costs, as well as to capitalize on resilient underlying demand opportunities to deliver results this quarter. A healthy $78 million of free cash flow generated in the quarter reflects the quality of our earnings and supports our continued reinvestment in the business and return of cash to shareholders. This includes opportunistic share repurchases through July, as well as our announced 16% increase to our quarterly cash dividend for the third quarter. Our integration of U.S. Amines is also progressing very well as expected, adding additional value to our portfolio. We continue to make meaningful progress on our sustainability initiatives and performance. We will soon publish our annual sustainability report, which highlights many of the ongoing initiatives happening around the organization integrated with our overall strategy. I encourage you all to take a read through it. And earlier this week, we were proud to announce that Advantix was recognized as a three-plus company, with three or more women directors by 50-50 women on boards. This recognition reinforces our commitment to equity, diversity, and inclusion at all levels. Our diverse end-market exposure and competitive cost advantage provides resiliency, particularly in a global macro environment that is evolving real-time. Looking forward, we expect continued healthy North America demand for nylon and chemical intermediates, as well as favorable underlying agriculture and nitrogen and fertilizer industry fundamentals into the 2023 planting season. In this environment, we are highly focused on executing what is in our control, including driving superior operational and commercial performance to meet the evolving needs of our customers, building capabilities to strengthen our innovation and portfolio resiliency, and enhancing our capital deployment. We are focused on driving best possible outcomes for our business in the current set of industry conditions and remain confident in our ability to target significant earnings growth in 2022 and build sustainable long-term shareholder value. With that, I'll turn it over to Mike to discuss the financial details.