DuPont de Nemours, Inc.

background noise. After the speaker's remarks, there will be a question and answer session. We kindly ask that you limit yourself to one question and one follow-up. If you would like to ask a question during this time, simply press star 1 on your telephone keypad. If you wish to withdraw your question, you may also press star 1 again. Thank you for that. And I would now like to turn the conference over to VP for Investor Relations, Anne Gian-Christoforo. You may begin.

Good morning, and thank you for joining us for DuPont's second quarter 2025 financial results conference call. Joining me today are Ed Breen, executive chairman, Lori Koch, chief executive officer, John Kemp, current electronics business president and CEO elect of the future CUNY Electronics Company, and Antonella Franzen, chief financial officer. We have prepared slides to supplement our remarks, which are posted on DuPont's website under the investor relations tab and through the webcast link. Please read the forward looking statement disclaimer contained in the slides. During this call, we will make forward looking statements regarding our expectations or predictions about the future. Because these statements are based on current assumptions and factors that involve risks and uncertainties, our actual performance and results may differ materially from our forward-looking statements. Our Form 10-K, as updated by our current and periodic reports, includes detailed discussion of principal risks and uncertainties which may cause such differences. Unless otherwise specified, all historical financial measures presented today are on a continuing operations basis and exclude significant items. We will also refer to other non-GAAP measures. A reconciliation to the most directly comparable GAAP financial measure is included in our press release and presentation materials and have been posted to DuPont's Investor Relations website. I'll now turn the call over to Lori who will begin on slide three.

Good morning and thanks everyone for joining our second quarter call. Earlier today, we reported another solid quarter ahead of our previously communicated guidance. Second quarter sales of 3.3 billion grew 2% on an organic basis. Operating EBITDA of 859 million increased 8% year over year, resulting in operating EBITDA margin of 26.4%, an increase of 120 basis points from the prior year. Adjusted EPS of $1.12 was up 15% year over year. As a result of our strong second quarter financial performance, we are raising our full year earnings guidance. Antonella will provide further details shortly. Second quarter saw continued strength in electronics driven by AI technology demand in both interconnect solutions and semi and strong volume growth in healthcare and water. This momentum is continuing into the third quarter with order patterns remaining strong through July. Weakness in construction continue to impact our diversified industrial business during the quarter. I also wanted to highlight that yesterday, joining me with Chemours and Corteva, we announced a settlement with the state of New Jersey to comprehensively resolve all current and future environmental claims, including PFAS, across the four current and former operating sites and statewide for PFAS claims. The settlement will be payable over a 25-year period, and our portion of the total settlement is $177 million on an NPV basis. Importantly, this settlement also includes AFFF, which was less than 1% of the total settlement amount. The settlement is subject to final court approval. Regarding our separation milestone, progress on the intended spinoff of CUNY Electronics continues and we remain on track for a November 1st separation date. In June, we completed the composition of the community board, adding two new members that bring a depth of experience and knowledge of the semiconductor sector that complements the existing diverse set of skills. The community board will be comprised of 10 members, including John Kemp. We filed a First Amendment to the Form 10 Registration Statement with the SEC in June, which included additional pro forma financial information. This will continue to be an iterative process with the SEC as we progress towards separation. Turning to slide four, we are pleased to announce that we will be holding an Investor Day on September 18th for DuPont and CUNY, focused on introducing both portfolios and their respective strategies for driving value creation. I continue to be excited about what lies ahead for both future independent companies and the investment potential for each. For the new DuPont as a leading advanced solutions provider and CUNITY as a pure play technology solutions leader within the semiconductor value chain. As we look forward to the new DuPont, we've assembled a highly experienced senior leadership team consisting of a healthy mix between in-house and external talent who bring great experience in driving growth and margin expansion. To highlight a few of our new leaders, Irun Blumhardt currently leads our healthcare and water technologies business. Irun has both internal and external experience in complex global markets with a strong focus on commercial excellence, as well as a growth mindset. Beth Ferreira recently joined our team to lead our diversified industrial business. Beth brings deep experience and global perspective in the industrial space with key roles at ITW and IMI, where she successfully led transformation efforts, drove operational efficiencies, and fostered a customer-centric culture. David Cook just recently joined us from Danaher and will be our Chief Operations and Engineering Officer. Dave brings extensive knowledge and operational excellence with a proven track record of driving performance improvement and implementing business systems. Lori Southwood- The new dupont will have a more focused portfolio highlighted by high growth, health care and water and market with a continued emphasis on innovation and customer relationships, we are well positioned to accelerate growth for a more agile and focus organization with that i'll now turn the call over to john.