Vertiv Holdings

Good morning, my name is Brika and I will be your conference operator today. At this time, I would like to welcome everyone to the Vertiv's second quarter 2024 earnings conference call. All lines have been placed on mute to prevent any background noise. Please note that this call is being recorded. I would now like to turn the program over to your host for today's conference call, Lynn Maxine, Vice President of Investor Relations. You may begin.

Great, thank you, Brita. Good morning and welcome to VRTA's second quarter 2024 earnings conference call. Joining me today are VRTA's executive chairman, Dave Cody, chief executive officer, Giordano Albertazzi, and chief financial officer, David Fallon. Before we begin, I would like to point out that during the course of this call, we will make forward-looking statements regarding future events, including the future financial and operating performance of VRTA. These forward-looking statements are subject to material risk and uncertainties It could cause actual results to differ materially from those in the forward-looking statements. We refer you to the cautionary language included in today's earnings release, and you can learn more about these risks in our annual and quarterly reports and other filings made with the SEC. Any forward-looking statements that we make today are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements as a result of new information or future events. During this call, we will also present both GAAP and non-GAAP financial measures. Our GAAP results and GAAP to non-GAAP reconciliations can be found in our earnings press release and in the investor slide deck found on our website at investors.virta.com. With that, I'll turn the call over to Executive Chairman Dave Cody.

Good morning, everyone. Well, I am quite pleased with our continuing trend of very strong financial performance. As I think about what attracted me to Vertiv, it was a great position in a good industry. Unfortunately, it turned into a great position in a great industry. There was a lot of work to do to get the business moving in a direction to consistently drive value and increase returns to share owners. I have to say, Gio and his team have done an excellent job starting to unlock this potential. Initial signs of progress are evident in the financial metrics, strong audits and sales, and substantially increased profit and cash flow. A better operating company delivers better results. It's an interesting time, both in our industry and the world at large. Significant changes underway for both. The industry is rapidly expanding and evolving, and Vertiv is well positioned to strengthen its market leadership with increasing R&D and capacity expansions, to further distinguish our unique position as an industry leader. We're gaining market share in a rapidly growing industry as a result of our new products and significantly improved operations. At the same time, we're strengthening the resilience of our organization. 2024 is shaping up to be a great year and sets a very strong foundation for future years to deliver sustained value creation. So with that, I'll turn the call over to Gio.