Livent Corporation

Good afternoon and welcome to the third quarter 2021 earnings release conference call for AliveIn Corporation. Phone lines will be placed on listen only mode throughout the conference. After the speaker's presentation, there will be a question and answer period. I would now like to turn the conference over to Mr. Daniel Rosen, investor relations and strategy for AliveIn Corporation. Mr. Rosen, you may begin.

Great. Thank you, Celine. Good evening, everyone, and welcome to the live end of this third quarter 2021 earnings call. Joining me today are Paul Graves, President and Chief Executive Officer, and Gilberto Antoniazzi, Chief Financial Officer. The slide presentation that accompanies our results, along with our earnings release, can be found in the investor relations section of our website. Prepared remarks from today's discussion will be made available after the call. Following our prepared remarks, Paul and Gilberto will be available to address your questions. Given the number of participants on the call today, we would request a limit of one question and one follow-up per caller. We would then be happy to address any additional questions after the call. Before we begin, let me remind you that today's discussion will include forward-looking and uncertainties concerning specific factors including but not limited to those factors identified in our release and in our filings with the Securities Exchange Commission. Information presented represents our best judgment based on today's information. Actual results may vary based upon these risks and uncertainties. Today's discussion will include references to various non-GAAP financial metrics. Definitions of these terms, as well as a reconciliation to the most directly comparable financial measure calculated and presented in accordance with GAAP, are provided on our investor relations website. And with that, I'll turn the call over to Paul.

Thank you, Dan, and good evening, everyone. We have a number of important topics to discuss today. We reported our third quarter results. with both revenue and adjusted EBITDA in line with the second quarter, although the underlying business conditions were much stronger in Q3 compared to Q2. Livent achieved higher realized pricing, but this was offset by lower delivered volumes and higher costs, both of which were a direct result of various supply chain disruptions and operating interruptions in the quarter. Neither of these issues reduced our total LCEs available for customers, and we expect to recover the revenue lost due to lower delivered volumes in the upcoming quarters. We will also go into the operational decisions live and made in the third quarter that will provide the company with more opportunities to take advantage of current higher pricing conditions in the fourth quarter and into 2022. Given how we are entering the final quarter, we are further increasing our revenue and adjusted EBITDA guidance for the full year 2021. This is driven by a combination of higher anticipated realized pricing, as well as a different customer and product mix. Lastly, we continue to progress on our carbonate and hydroxide capacity expansion activities and remain well on track with all of our previously disclosed target dates. Before I provide further market commentary, as well as some Libent specific updates, I will turn the call over to Gilberto to walk us through Libent's financial performance.