Marc Bitzer

“During the quarter, our execution focused on two core imperatives, protecting and expanding our margins in a tough macro environment and disciplined cash management.”

“During today's call, you will hear three key messages. First, our Q2 performance was in line with our expectations, despite the persistent macroeconomic challenges impacting our industry and the broader economy.”

“During today's call, you will hear three messages from us. First, we finished a tough quarter in our North American business. The month of March, which typically carries the quarter in North America, was exceptionally weak due to these four drivers, which I will discuss in further detail in the following slides.”

“Before we dive in, I would like to acknowledge three leadership promotions we have recently made. By where new faces, or rather new voices on this call, may together represent over 70 years of experience within Wofood.”

“Over the next hour we will discuss our Q3 results and we will provide you with plenty of data and detail. However, if you ask me to summarize the Q3 message in just one sentence, it is our Q3 results demonstrate organic growth while our margins are still impacted by tariff preloading in the industry.”