Element Solutions Inc.

Good morning, ladies and gentlemen, and welcome to the Element Solutions Q2 2025 Financial Results Conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during that time, press star followed by the number one on your telephone keypad. If you would like to remove yourself from the queue, press star followed by the number one. As a reminder, today's call is being recorded. I will now turn the conference over to Varun Gokhan, Vice President of Strategy and Integration. Please go ahead.

Good morning and thank you for participating in our second quarter 2025 earnings conference call. Joining me today are our President and CEO Ben Glicklich and CFO Kerry Dornan. In accordance with regulation FD, we are webcasting this conference call. A replay will be made available in the investor section of the company's website. 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 the earnings release, supplemental slides, and most recent SEC filings on our website for a discussion of material risk factors that could cause actual results to differ from our expectations and predictions. Today's materials also include financial information that has not been prepared in accordance with the U.S. Gap. Please refer to the earnings release and supplemental slides for definitions and reconciliations of these non-GAP measures to comparable GAP financial measures. It is now my pleasure to introduce our CEO Ben Glicklich.

Thanks, Varun. Good morning, everybody. Thank you for joining. Element Solutions had an outstanding second quarter. We continue to execute on our strategy of penetrating the fastest growing areas within our addressable markets while driving productivity through our continuous improvement culture. Our electronics business delivered a fifth consecutive quarter of high single-digit organic growth consistent with the targets for the segment that we set early last year. Ongoing hyperscaler investment in data centers and their associated infrastructure continues to drive demand for a wide range of material solutions that our portfolio is uniquely positioned to provide. From metalization chemistries for high-layer count printed circuit boards to specialized thermal management materials used in assembly to advance packaging chip scale chemistries. Sales from our wafer-level packaging products grew more than 20 percent in the second quarter as programs on leading edge nodes continue to ramp. Order patterns from these customers remain strong throughout the first half of the year. Our power electronics business also grew at a double-digit rate in the quarter with demand strength from legacy EV customers and new wins that have broadened our customer base over the last 12 months. We've demonstrated our value proposition in leading edge semiconductor and power electronics technologies and are continuing to establish our business as a leading innovation partner to the largest companies in electronics manufacturing. Over the past five years we've driven a deliberate transformation from a high quality but disparate portfolio of businesses in select niches into a unified organization that is leading in important emerging categories. Our commercial, technical service and R&D teams are collaborating across a breadth of product areas to provide system-level solutions to OEMs while building a pipeline of breakthrough innovation that should support further growth. Included in that pipeline are applications that improve thermal management on the top side of advanced high-performance computing chips and enable greater power density to reach these chips. Other applications in development allow for fast and low-cost deposition of copper interconnect on the finest layers of silicon wafers and next generation active copper or cuprion products designed to solve a range of unique thermal and power related customer pain points. Our initial mid-scale active copper manufacturing site is under construction and expected to be commissioned at the end of this year. In industrial and specialty we saw meaningful margin improvement and excluding the impact our graphics investiture, the segment adjusted EBITDA growth would have been 10%. Our core industrial surface treatment business has demonstrated stable or growing adjusted EBITDA for several quarters even as volumes have been under pressure. Across our business we've been investing in technology, people and strategy deployment tools to help us improve performance regardless of the macro environment. This is most evident in our industrial results. Global trade dynamics remain volatile and there's still a lack of clarity around tariff policy and its resulting impact on demand. However, as we've noted previously, we're fortunate to have a geographically broad yet localized sourcing, manufacturing and technical footprint that has proven to be responsive to customers. We continue to execute on mitigation efforts to minimize the impact of tariffs on our cost structure. Given the breadth of our operations, our global presence in a hyper local people-based business, we also believe we're well positioned to support customers as they navigate broader changes to and realignment of supply chains in coming years. This quarter we opened a new world-class research center in Bangalore, India to support basic formulation research globally and also applications development in electronics manufacturing locally. We're also building applications in customer support labs in Thailand and Vietnam designed to help customers scale operations in those countries. In short, while the near-term macroeconomic environment remains uncertain, we retain and continue to build structural advantages that should serve us well over the longer term. Carrie will now take you through our second quarter business results in more detail. Carrie?