Nu Skin Enterprises, Inc.

Good day and thank you for standing by. Welcome to the Q2 2021 New Skin Enterprises Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star one on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star zero. I would now like to hand the conference over to your speaker today, Scott Pond, Vice President of Investor Relations. Please go ahead.

Thanks, Joelle, and good afternoon, everyone. Today on the call with me are Rich Wood, Chief Executive Officer, Ryan Napierski, President and CEO-elect, and Mark Lawrence, Chief Financial Officer. On today's call, comments will be made that include some forward-looking statements. These statements involve risks and uncertainties, and actual results may differ materially from those discussed or anticipated. Please refer to today's earnings reviews and our SEC filings for a complete discussion of these risks. Also during the call, certain financial numbers may be discussed that differ from comparable numbers obtained in our financial statements. We believe these non-GAAP financial numbers assist in comparing period-to-period results in a more consistent manner. Please refer to our investor page at ir.newskin.com for any required reconciliation of non-GAAP numbers. And with that, I'll turn the time over to Rich.

Thank you, Scott, and good afternoon, everyone. We really do appreciate you joining us today. As many of you may know, this will be my last earnings call as CEO of Nu Skin before transitioning leadership to Ryan on September 1. We truly have an amazing Nu Skin team around the globe, and the future continues to get brighter for growth and prosperity of this business. I'm excited about all that we've accomplished but I'm even more positive about the future and these are some of the reasons for my optimism. First, we've taken deliberate actions to evolve into a more customer-obsessed enterprise that delivers world-class beauty and wellness products through a socially enabled affiliate platform. We've also positioned our business to leverage powerful macro trends and shifts in consumer behaviors. For example, We've focused our product development on beauty device systems, and we've now been recognized by Euromonitor as the world's number one brand for beauty device systems for four consecutive years. We formed key partnerships with Amazon Web Services and Alibaba and have revamped our tech strategy by moving our infrastructure to the cloud. While this transition has greatly expanded our load capabilities and increased our ability to scale, I am most encouraged by the new tools and digital experiences that we plan to introduce, which will delight our customers and empower our affiliates. We've modified our incentive structure to speed payments and increase flexibility to our affiliates and attract a younger demographic. We purchased manufacturing assets to increase our speed and agility in bringing beauty and wellness products to market and securing our supply chain. We established aggressive sustainability goals around people, product, and planet with a focus on building a better tomorrow for our world. This foundation will continue to drive growth and profitability going forward. In the second quarter, we generated very strong results, which highlight our corporate focus on improving our geographic balance and operating margin. We reported revenue growth of 15%, with the western segments accounting for approximately 40% of our revenue. We also improved our operating margin by 260 basis points to 12.1%, which contributed to our reported 42% earnings per share growth. Through all my years at Nu Skin, I can truly say that we are better positioned for the future than we have ever been. The transition of management has been going very well. Ryan and I have worked hand in hand over the past several years in building the strategy of the company and executing our growth plans, and I am confident that he and our team will accelerate our growth into the future. Let me now turn the time to Ryan to report on the business and give more detail around our second quarter results.