Element Solutions Inc.

Thank you. I will now turn the conference over to Varun Gokhan, Senior Director of Strategy and Finance. You may begin. Varun Gokhan, Senior Director of Strategy and Finance. You may begin. Varun Gokhan, Senior Director of Strategy and Finance. You may begin.

Varun Gokhan, Senior Director of Strategy and Finance. You may begin. Varun Gokhan, Senior Director of Strategy and Finance. You may begin. Varun Gokhan, Senior Director of Strategy and Finance. You may begin. Varun Gokhan, Senior Director of Strategy and Finance. You may begin. Varun Gokhan, Senior Director of Strategy and Finance. You may begin. Varun Gokhan, Senior Director of Strategy and Finance. You may begin. Varun Gokhan, Senior Director of Strategy and Finance. You may begin. Varun Gokhan, Senior Director of Strategy and Finance. You may begin. Varun Gokhan, Senior Director of Strategy and Finance. You may begin. Varun Gokhan, Senior Director of During today's call, we will make certain forward-looking statements that reflect our current views about the company's future performance and financial results. These statements are based on assumptions and expectations of future events, which are subject to risks and uncertainties. Please refer to our earnings release, supplemental slides, and most recent SEC filings for a discussion of material risk factors that could cause actual results to differ from our expectations and predictions. These materials can be found on the company's website in the investor section under news and events. Today's materials also include financial information that has not been prepared in accordance with US GAAP. Please refer to the earnings release and supplemental slides for definitions and reconciliations of these non-GAAP measures to comparable GAAP financial measures. It is now my pleasure to introduce our CEO, Ben Glicklich.

Thank you, Varun, and good morning, everyone. Thank you for joining. Element Solutions had an exceptional second quarter. Our efforts over the past several years to reclaim value in our supply chain and position ourselves as key enablers of emerging electronics technologies are paying off with strong earnings growth. Our capabilities to serve fast-growing, high-performance computing applications, data center customers, and semiconductor fabricators drove volume growth in high-value verticals in what remains a soft consumer electronics and industrial environment. Similar to the first quarter, we saw robust incremental margins driven by mixed impacts and pricing stability amidst deflation in certain commodities. Our adjusted EBITDA margins expanded 250 basis points, and adjusted EBITDA grew by over 20% year over year on a constant currency basis, with both segments growing by double digits. Electronic segment results were driven by more than 10% volume growth in our circuitry solutions business, primarily due to strong demand from HPC, AI, EV, and certain mobile markets. Our revenue in circuitry solutions grew over 20% organically, despite the mobile phone market remaining well below long-term average units. We also saw continued strength in advanced and wafer-level packaging applications in our semiconductor business to support increasing semi-fab utilization. This strength was moderated by relatively soft demand for power electronics and electronics assembly materials with certain EV customers. Continuing the first quarter trend, the industrial and specialty segments saw a combination of softer automotive demand in Europe and the impact of lower revenue for metal price surcharges in the core industrial portfolio. Profitability in the segment still increased significantly from lower raw material costs and ongoing strength in our energy solutions business which grew net sales by almost double digits at high incremental margins. Margin expansion in the first half was a key contributor to strong earnings growth. For many of our businesses, these margins were achieved at volumes well below where they had been the past few years. So our margin strength underscores the success of our investments in higher value, higher margin applications, and our ability to take permanent cost actions that contribute to profitability. Moving into the second half, we should lap the benefits of lower raw materials and some of our supply chain actions, but margins should remain stronger year over year. Through long-term concentrated investment in new capabilities within our electronics portfolio, we've positioned ESI to capitalize on emerging sources of demand that propelled the business this quarter. That dynamic supports our confidence in the long-term growth algorithm of our electronics franchise. Our investments in dye and package-attached solutions, our new research center in the fast-growing India market, and our scale-up of high-volume manufacturing capacity for nanocopper technologies are just a few examples of Element Solutions investing to align itself as a critical development partner for both OEMs and fabricators. Computing performance improvement increasingly requires unique material sets that span the circuit board, the chip, and the variety of attachment technologies which connect them. and we are the only solutions provider with decades of technical expertise across the breadth of those applications in the electronics manufacturing supply chain. We have a differentiated ability to solve emerging customer pain points in high growth areas. Our pipeline of commercial opportunities in wafer level packaging and circuitry solutions reinforces that advantage and has accelerated as we build on improved customer intimacy from our successful Viaform investment and customer excitement around our Couprion Active Copper applications development. Over the next 12 to 18 months, we're focused on scaling our manufacturing capacity to meet the commercial opportunity that has become apparent in these areas. At the same time, our balance sheet is improving to the point where we can consider additional inorganic capital deployment aligned with our strategy. It's an exciting time. Carrie will now take you through our second quarter business results in more detail. Carrie.