LSB Industries, Inc.

Greetings, and welcome to the LSB Industries second quarter 2024 earnings conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Fred Bonacore, Vice President of Investor Relations. Thank you, sir. You may begin.

Good morning, everyone. Joining me today are Mark Behrman, our Chief Executive Officer, Cheryl McGuire, our Chief Financial Officer, and Damian Renwick, our Chief Commercial Officer. Please note that today's call includes forward-looking statements. These statements are based on the company's current intent, expectations, and projections. They are not guarantees of future performance, and a variety of factors could cause the actual results to differ materially. On the call, we will reference non-GAAP results. Please see the press release in the Investors section of our website, lsbindustries.com, for further information regarding forward-looking statements and reconciliations of non-GAAP results to GAAP results. As a reminder, we have a Stockholder Rights Plan to protect certain tax attributes. please see the Investors section of our website at lsbindustries.com for further important details. At this time, I'd like to go ahead and turn the call over to Mark.

Thank you, Fred. Turning to page four of our presentation, we took a major step forward with our low-carbon product strategy in the second quarter. In May, we entered into a multi-year agreement with Freeport Minerals to supply low-carbon ammonium nitrate solution, or ANS, for use in Freeport's copper mining operations. We believe that this agreement is a first of its kind in our industry, and we view it as a validation of our assertion that our industrial customers will value the low-carbon ammonia and derivative products we plan to produce in the coming years as a means of reducing their own CO2 emissions. With respect to our second quarter operating results, I'm very pleased to say that we had no recordable incidents during the quarter thanks to the strong safety focus of the teams at our facilities. In terms of financial performance, our adjusted EBITDA was in line with our expectations. Pricing was once again down year over year. However, we believe we have seen our end market pricing stabilize, and in fact, the fertilizer summit fill pricing clearly supports that. During the second quarter, we generated solid free cash flow And that, combined with our strong cash position, allowed us to repurchase our stock and continue to reduce our debt. Lastly, on our low-carbon ammonia initiatives, our two projects remain on track, and I'll provide more color on both later in the call. Now I'll turn over the call to Damian, who will discuss our new ANS contract and review the current market dynamics and pricing trends. Damian?