Integer Holdings Corporation

All lines have been placed on mute to prevent any background noise. Through the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star 1 on your telephone keypad. Thank you. I would now like to turn the conference over to Sanjeev Arora, Senior Vice President, Strategy, Business Development, Investor Relations. You may begin.

Good morning, everyone. Thank you for joining us, and welcome to Integer's second quarter 2025 earnings conference call. With me today are Joe Dizdek, President and Chief Executive Officer, Payment Kales, President and CEO-elect, and Chief Operating Officer, Daron Smith, Executive Vice President and Chief Financial Officer, and Kristen Stewart, Director of Investor Relations. As a reminder, the results and data we discussed today reflect the consolidated results of Integer for the periods indicated. During the call, we will discuss some non-GAAP financial measures. For reconciliation of non-GAAP financial measures, please refer to the appendix of today's presentation, today's earnings press release, and the trending schedules, which are available on our website at integer.net. Please note that today's presentation includes forward-looking statements. Please refer to the company's SEC filings for a discussion of the risk factors that could cause our actual results to differ materially. On today's call, Joe will provide his opening comments. Daron will then review our adjusted financial results for the second quarter 2025 and provide an update on our full year 2025 outlook. Joe will come back to provide his closing remarks, and then we will open up the call for your questions. With that, I'll turn the call over to Joe.

Thank you, Sanjeev, and thank you to everyone for joining the call today. In the second quarter, we delivered another quarter of strong -over-year results. Sales increased 11% on both a reported and organic basis. Our adjusted operating income grew 15% as we continued to expand margins, and our adjusted earnings per share grew 19% -over-year to $1.55. For the first half of 2025, we delivered a strong above-market performance, with sales increasing 9% and adjusted operating profit increasing 14%, or one and a half times the rate of sales growth. With the first half now behind us, we are raising the midpoint of our adjusted operating income and EPS outlook. We are maintaining our sales outlook midpoint, given our high visibility to customer demand while tightening the sales range. At the midpoint of our full year outlook, we expect to grow sales 8.5%, adjusted operating income 14%, and adjusted EPS 20%. It is an exciting time at Integer because we have a strong pipeline of new products concentrated in faster growing end markets. Our margins are expanding as a result of our manufacturing and business excellence initiatives, and we continue to acquire and integrate tuck-in acquisitions that add or compound differentiated capabilities. I am grateful for our associates around the world that are delivering for our customers and making a difference for patients. I'll now turn the call over to Dyrann.