Vertiv Holdings

any background noise. Please note that the call is being recorded. I would now like to turn the program over to your host today, Lynn Maxina, to begin.

Please go ahead. Great. Thank you, Barika. Good morning and welcome to Virta's second quarter 2025 earnings conference call. Joining me today are Virta's Executive Chairman, Dave Cody, Chief Executive Officer, Jill Albertazzi, and Chief Financial Officer, David Fallon. We have one hour for the call today. During the Q&A portion of the call, please be mindful of others in the queue and limit yourself to one question. And if you have a follow-up question, please rejoin the queue. 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 averted. These forward-looking statements are subject to material risk and uncertainties that could cause Actual results differ materially from those in the forward-looking statements. We refer you to the cautionary language included in today's earnings release. 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 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.murdov.com. With that, I'll turn the call over to Executive Chairman Dave Cody.

Good morning, everyone. I have to say I'm pleased with how well we've performed midway through 2025. We continue to outperform and deliver strong results. Gio and the team are executing very well, continuing to build a strong track record of financial performance, and our investments in R&D and capacity are paying off today as planned and positioning us well for the future. The transformation at Vertiv continues to accelerate, and I am more excited today than I've ever been about what is ahead. We're in a digital revolution that's got a long way to go. and data centers remain fundamental to all of it. Our global scale and technology leadership aren't easily replicated, and we keep widening that gap. We maintain our proven strategy of driving growth through both organic expansion and strategic acquisitions to extend our market leadership. Our recent Great Lakes acquisition announcement showcases our disciplined approach to deploying capital, where we see clear strategic benefits and value creation opportunities. Our M&A pipeline remains robust and will continue to take this same approach, moving decisively when we find opportunities that enhance our technology leadership, engineering capability, global capacity, and overall growth profile. Our ongoing investments in ER&D and capacity expansion ensure we stay ahead of market demand while delivering the innovative solutions our customers expect. This digital age is just getting started. Invertiv is poised to capitalize on the massive long-term opportunity. With that, I'll turn it over to Gio to walk through the details of our performance and outlook. I'm confident he and the team will continue to execute at a high level and deliver value for our shareholders.