Welcome to Globus Medical's second quarter 2023 earnings call. At this time, all lines will be on mute, and a Q&A session will be held after the prepared remarks. I will now turn the call over to Brian Kearns, Senior Vice President of Business Development and Investor Relations. Mr. Kearns, please go ahead. Thank you, Didi, and thank you everyone for being with us today. Joining today's call from Globus Medical will be Dan Scavilla, President and Chief Executive Officer, and Keith Pfeil, Senior Vice President and Chief Financial Officer. This review is being made available via webcast, accessible through Investor Relations section of the Globus Medical website at www.globusmedical.com. Before we begin, let me remind you that some of the statements made during this review are or may be considered forward-looking statements. Our Form 10-K from the 2022 fiscal year and our subsequent filings with the Securities and Exchange Commission identify certain factors that could cause our actual results to differ materially from those projected in any forward-looking statements made today. Our SEC filings, including the 10-K, are available on our website. We do not undertake to update any forward-looking statements as a result of new information or future events or developments. Our discussion today will include certain financial measures that are not calculated in accordance with generally accepted accounting principles or GAAP. We believe these non-GAAP financial measures provide additional information pertinent to our business performance. These non-GAAP financial measures should not be considered replacements for and should be read together with the most directly comparable GAAP financial measures. Reconciliations to the most directly comparable GAAP measures are available in the schedules accompanying the press release and on the investor relations section of the Globus Medical website. With that, I'll now turn the call over to Dan Scavilla, our President and CEO. Thanks, Brian, and good afternoon, everyone. Globus had a fantastic second quarter, setting a new sales record of $292 million, increasing 11% or $28 million versus Q2 2022. Non-GAAP EPS increased to $0.63, up 12%, and we had a strong free cash flow of $17 million, up 31% versus Q2 2022. Adjusted EBITDA for the quarter was 33%. Through the first half of 2023, Globus has delivered $568 million, an increase of 15% for $74 million over Q2... or first half of 2022. Non-GAAP EPS was $1.15, up 18%, and free cash flow of $54 million was up 44% versus first half 2022. These outstanding results are due to the hard work of our dedicated team members across the company and our focus on driving sustainable and profitable growth. Keith will cover these achievements further in his section. US Spine grew 6% in Q2, with notable gains across our product portfolio in Biologics, MIS and Pedicle Screws, and 3D Printed Implants. This above-market growth is driven by competitive rep productivity and robotic pull-through. In Q2, we launched three new products, REFLECT, MARVEL, and OsteoFuse. REFLECT is a Humanitarian Device designed to correct progressive scoliosis in young patients while preserving motion, maintaining stability, and allowing for future modulated growth. Unlike rigid metal rods for fusion, the system uses a flexible, durable cord tensioned on the convex side of the spine to harness the power of patient growth for curve correction. This is a groundbreaking technology that is now available for children in the U.S. REFLECT technology has been used in over 5,000 procedures worldwide and is quickly becoming a very attractive option for parents and children who can now avoid or delay a fusion. MARVEL growing rods are designed for patients under the age of 10 with early-onset scoliosis to obtain and maintain correction while allowing continued growth through minimally invasive distraction. The powerful geared expansion mechanism, accessed through a small incision, provides tactile feedback and a large expansion capability for reliable distraction and minimal soft tissue disruption. REFLECT and MARVEL are part of our strategy to increase innovation and our presence in the pediatric deformity market. OssiFuse HSA, or high surface area, is composed of 100% allograft bone without an added synthetic carrier. The demineralized cortical fibers have a unique architecture with high surface area for cellular attachment and moldable handling. OsteoFuse is a key component in our growing biologic portfolio. As we move into the second half of 2023 and into 2024, I anticipate a strong cadence of product launches throughout our portfolio. Enabling Technologies had record sales of $35 million, up 18% versus prior year, driven by robotic and imaging system sales. Robotic penetration and adoption continue to be strong as we open new accounts and markets worldwide. We continue to make positive inroads with our Excelsius3D imaging system in the U.S., and we're also seeing increased interest in sales and combination deals with both ExcelsiusGPS and Excelsius3D as surgeons see the advantage of our seamless integrated offering. Robotic procedures continue to accelerate, growing 41% versus prior year and exceeding 54,000 robotic procedures performed to date, driven by strong procedural adoption of pedicle screw placement, interbody placement, and cranial applications. We're also expanding our investment in enabling technology product development to enhance our ecosystem offering and bring about more functionality in our imaging, navigation, and robotics current and future portfolio. We're well positioned to partner with our surgeons to bring meaningful innovation into this space. Market interest remains high for our state-of-the-art technologies, and we're entering Q3 with a strong pipeline. Our international spine business, excluding Japan, had a record quarter in Q2, growing 29% on a constant currency basis compared to prior year. We generated double-digit growth and strong momentum in most markets. Spain, U.K., Australia, Ireland, India, and Poland all produced growth of 30% or more for the quarter. In addition, Japan had 9% constant currency growth for Q2. We expect to see gains in Japan throughout the year as we focus on above-market gains to recapture share. Our trauma business delivered its 14th consecutive quarter of sequential growth, generating 63% growth versus Q2 2022 and 12% sequentially. Trauma performance is driven by sales force expansion and strong uptake in all product lines, with substantial growth throughout our portfolio. We have a robust product pipeline in trauma, and I anticipate several meaningful launches in the second half of 2023. To update you on merger status, as mentioned in our last earnings call, both Globus Medical and NuVasive shareholders voted overwhelmingly in support of the merger, with over 99% voting for the transaction. We received a second request from the FTC in May and have been focused on providing the necessary responses while continuing with cross-functional integration planning. We remain fully committed to the merger, and our expected Q3 2023 closure date remains unchanged. In summary, we remain focused on the core elements for long-term and sustained growth, innovative new product introductions, robot and imaging system sales, competitive rep recruiting, and merger integration planning. 2023 is all about focus and execution to deliver value to our customers and drive growth. I know we are well-positioned to achieve our mission of becoming the preeminent musculoskeletal company in the world. I will now turn the call over to Keith. Thanks, Dan. Good afternoon, everyone. I am pleased to report that Globus concluded on an exceptionally strong second quarter. Momentum from the first quarter continued into the second quarter, resulting in record revenue and earnings. Revenue in the second quarter of 2023 was $291.6 million, growing 10.6% as reported versus the second quarter of the prior year. Net income was $57.7 million, resulting in fully diluted earnings per share of $0.57. Non-GAAP net income was $63.6 million, delivering $0.63 of fully diluted non-GAAP earnings per share, resulting in 12.3% growth over the prior year quarter. Q2 musculoskeletal revenue was $256.9 million, growing 9.7% as reported compared to the prior year quarter, led primarily by our spine business globally as well as trauma. Enabling Technologies revenue was $34.8 million in the second quarter of 2023, growing 18.2% as reported compared to the prior year quarter. Sales growth was led mainly by our Excelsius3D imaging system, as well as continued robotic system penetration, primarily in the U.S. Q2 U.S. revenue was $245.5 million, growing 9% versus the prior year quarter, led by US Spine and Enabling Technologies. International revenue in the second quarter was $46.1 million, growing 20.2% as reported and 22% on a constant currency basis, largely due to expanding implant sales. Sales growth was led by our key focus countries, including Spain, the UK, Australia, India, Poland, and Japan. Regionally, growth is primarily driven in the EMEA region as well as APAC. Moving further into the P&L, second quarter gross profit was 73.8%, compared to 74% in the prior year quarter. The decline in gross profit rate was driven mainly by the mix of products, namely strong growth in capital sales, as well as a growing mix of international implant sales. Despite the decline in gross profit rate, gross profit dollars grew 10.2% in the quarter, in line with our 10.6% revenue growth. Over the long term, however, our continued expectation is that we are a mid-70s gross profit rate business. Research and development expenses were $21.3 million, or 7.3% of sales in the second quarter of 2023, compared to $17.4 million or 6.6% of sales in the prior year quarter. The resulting increase in spend was largely focused on spine and Enabling Technologies and is reflective of headcount growth as we work to develop new technologies to drive continued platforms for future growth. SG&A expenses in the second quarter were $120.1 million or 41.2% of sales, compared to $106.7 million or 40.5% of sales in the second quarter of the prior year. The increased spending is reflective of higher sales compensation costs driven by volume, competitive rep conversions, and higher G&A costs, driven by increased legal expenses as well as bad debt expense. The effective income tax rate for the second quarter was 22.7%, essentially in line with the 22.6% noted in the second quarter of the prior year. Adjusted EBITDA for the quarter was 33%, lower than the 34.9% noted in the prior year quarter, and is reflective of my earlier comments on sales mix changes, increased R&D investments, as well as increased G&A spending. As we think about Globus over the long term, the leadership has and will continue to strive for mid-thirties Adjusted EBITDA. Consistent with history, during periods of heavier investment, our Adjusted EBITDA will track to the lower range of the mid-thirties. The long-term goal remains steadfast. We will focus on continued investment to drive future sales while delivering above-market profitability for our shareholders. Non-GAAP EPS in the second quarter of 2023 was $0.63, or 12.3% higher as compared to the prior year quarter. Our second quarter 2023, and includes an approximate $0.04 tailwind of non-operating items, mainly driven by higher interest income. Adjusting for this, our normalized non-GAAP EPS would have been $0.59. Net cash provided by operating activities was $35 million, and free cash flow was $17.2 million. The increase in free cash flow is driven primarily by lower capital expenditures and additional working capital investments, namely inventory, as well as the timing of higher payable spending. At this time, the company is revising its full year standalone 2023 guidance. We now expect full year net sales to be $1.125 billion. Our standalone, fully diluted non-GAAP EPS guidance remains unchanged at $2.30 per fully diluted share. Our Q2 results serve to highlight our collective strength, record revenue, record earnings, and record Adjusted EBITDA dollars, all while seeing continued improvement in free cash flow when compared to the prior year. Our record revenue was distributed across the business as strength was seen both in the U.S. and international, as well as across our musculoskeletal and Enabling Technologies portfolios. We continue to lead the market with investments in product development and seek to expand our position as a leader in disruptive technology. I want to thank our Globus team members for driving operational excellence and focus while continuing to plan and prepare for our pending merger with NuVasive. Operator, we'll now open the call for questions. Thank you. As a reminder to ask a question, please press star one one on your telephone and wait for your name to be announced. To withdraw your question, please press star one one again. Please stand by while we compile the Q&A roster. One moment for our first question. Our first question comes from Shagun Singh of RBC Capital Markets. Please go ahead. Hi, congrats on a nice quarter. This is Kendall on for Shagun. I had one quick question about the FTC, FTC and the deal closing. I was wondering if you can give any other commentary about the deal and any other hurdles you might have going forward to have the deal close in Q3. I also wanted to ask about guidance in the second half of the implied guidance. I was wondering if there's any room for upside, given the biz momentum in the second quarter. Thank you so much. Thanks, Kendall. This is Dan. I'll start with that. I'll hand it over to Keith. No, there are no other hurdles related to the upcoming merger. Having gone through what we needed with the SEC, obtained what we needed with the shareholders, and now, working with and responding to the FTC, we feel like that would be the last step for us to move forward. We've seen no reason to deviate from our planned third quarter that we stated, based on the cadence and the, the, the amount of activity back and forth. We still think that that's a reasonable date for us to look forward to. I'll take the second part. Thanks for the question, and thanks for your comments on the quarter. You know, as I think about the new guidance at $1.125 billion, that implies about 5.3% growth in the second half of the year. You know, we feel, we feel good about that. I would say that Globus remains conservative as a company, but when you step back and look at the full year, the full year would put us up 9.99%. We've always said that we seek to be a mid- to high-single digits grower. I think that that puts us at the high end of the range, and we think that the guidance that we're putting out there is appropriate given where we're at. Thank you. One moment for our next question. Our next question comes from Matt Miksic of Barclays. Please go ahead. Hi, thanks for taking the question, and congrats on a really impressive quarter. I, I wanted to get an idea as to, you know, was this, was this quarter, did this, you know, seem like a surprising quarter to you? The way it played out, the cadence in the quarter, you know, was it, you know, more in line with your expectations? Any color commentary you can, you can give us? I think a lot of people are trying to figure out, are we seeing a bigger summer vacation this year? Are we seeing, you know, more seasonal dip in Q3? Just, you know, without trying to get a quantify a July comment from you, is maybe anything you can, you can give us on your sense so far as to what Q3 should shape up to be relative to what was a very strong Q2? I have one quick follow-up, if I could. Hey, thanks, Matt. So, you know, we're always going to give you this answer, right? We're not going to comment on the current quarter just because we're in the process of it, so there's nothing there we'll disclose with that. I would tell you that, you know, Q2, I, I wouldn't consider a surprise. I, I think we had a solid quarter. There was a lot of great activity throughout the months therein, for throughout the businesses. So whether you look at spine or our Enabling Technologies or trauma, all, all of those things were well. The, the international is just solid every single month. It's really, I think, doing well with the investments we've put in it and its traction. I would say we were pleased throughout each one of those three months, and, and like I said, you know, stay tuned for Q3. We'll, we'll have to get through those hurdles before we, we talk about that one. Thank you. One moment for our next question. Our next question comes from Matthew Blackman of Stifel. Please go ahead. Hi, this is Emily on for Matt. Just was hoping you could talk a little bit about inbound surgeon training volumes, whether on the Enable and Tech side or the Core Spine side, and maybe any specific color on uptick in interest from Nuva docs? Thanks. Thanks for the question, Emily. You know, we have a lot of surgeon traffic that occurs throughout the week. Some, you know, usually heavier towards the end of the week. I would tell you that nothing unusually heavy or lighter than the normal flow in which we do. I think we're pleased with the amount of throughput that we do, whether that be cadaveric training or hands-on with the robot or everything in between. I'd say it's pretty good that way. You know, with NuVasive itself, they're still a separate entity, and so we haven't done a lot, nor can we do a lot with them or their surgeons with planning along those ways. We will expect an uptick when it is approved, and we'll go at that in a heavier pace. Right now we're, we're staying within our lane and, and just focusing on the surgeons that we have. Great. Thank you. Thank you. One moment for our next question. Our next question comes from Caitlin Cronin of Canaccord Genuity. Please go ahead. Hi, this is Caitlin, on for Kyle Rose. Congrats on an awesome quarter. Just to touch on this topic, given what others have called out, have you been experiencing, you know, any recent supply chain challenges? Hey, Caitlin, thanks. This is Dan. I would say, no, just the opposite. We're very pleased with the strength of our supply chain, both external and internal, whether it be the ability to replenish post-surgery, we're set building. I would tell you that we're arguably one of our strongest periods, thanks to the hard work of our operations team throughout the world, but in particular here. I, I would say, you know, we went through Q2, and we're entering Q3 at a point of strength. Yeah, the only thing I would add to that is that if you comp back to last year with some of the supply chain challenges that were called out there in the market, I think, you know, we feel better positioned about where we are this year versus last year, and it really ties back to the statements Dan just made. Awesome. Then just a quick one on the pediatric deformity products you've launched recently? You know, any plans to launch any other products? You know, how do you really view the attractiveness of this market? Thank you. I think if I heard you correctly, first, the, the two products that I referred to, which are REFLECT and MARVEL, we're very excited about that because it's going to give you a lot of options on how to treat those young patients in a way that should hopefully reduce surgeries or further incisions and different items like that in a controlled fashion. You know, look, this is a market that needs innovation. We're leaning into that innovation. There's no doubt that when the right time comes and the FTC approves this, we'll bring together a Nuva portfolio and come out with an even stronger offering. These two products, REFLECT and MARVEL, are definitely key for us, and we're really excited to get this pushed into the hands of the surgeons in the US. Thank you. As a reminder, to ask a question, please press star one, one on your telephone and wait for your name to be announced. One moment for our next question. Our next question comes from Richard Newitter of Truist Securities. Please go ahead. Hi, it's actually Lynn, for Rich. First of all, congrats on the great quarter. We heard some comments on capital slowdown in the market. Just wondering if you could, like, what you are seeing there? This is Keith. Thanks for the question. I think, just to repeat what you said, you asked if we were seeing capital slowdowns in the market. I'll start this, and Dan, feel free to add. I mean, I think that where we're at today, we're extremely happy with the uptake of our Excelsius3D system as well as our robot. If I look at where we're at today versus last year at this time on a year-to-date basis, I would say that we're ahead and we're happy with where we're at. We're continuing to try to sell more, but I wouldn't say that we've seen a slowdown in the market, especially when we comp the prior year. Yeah, I'll just build on that. I, I think COVID created some disruption in the market, I think that's carried through the years, not quite solidified and equalized when it comes into the hospitals with what they're struggling with. That said, we're not seeing this year or this quarter any difference. As Keith said, it's just out there, you know, we'd all like it to be stronger, but there's nothing noticeable in change for us in Q2 that we would call out as a significant difference. That's helpful. Thank you. A follow-up: so on Japan, could you provide some color, like what really drove that strength there? Thanks. I'd say the, the strength in Japan is really the, the business is, is really starting to take hold. I mean, as we think about what we've done in the last couple of years, our, our go-to-market plan of, of controlling the territories with, with the reps that we have, that is really taking hold, and, and really, we're starting to see growth because we saw a period of time where we saw consecutive sales declines. We're now going the other way, and we think that our strategy is starting to take hold. Thank you. Thank you. One moment for our next question....Our next question comes from Steven Lichtman of Oppenheimer and Company. Please go ahead. Hi, guys. This is Ron on for Steve. Congrats on the great quarter. I wanted to ask if you guys see any signs of sales force concern or losses because of the pending deal. Are there any initiatives you're putting in place for sales force retention? Ron, thanks for the question. No, we have not seen anything right now with our sales force being Globus, and having concerns with that. Really, the best approach that we have is to develop and launch products, get them in their hands, pay them, as we do, and look to supply them in a stronger supply chain that way. In doing that, and creating that level of innovation and support, we feel like we're one of the best places to be. I think we have to be mindful of what can happen in the future. Certainly, there is concern with that, and so, we're communicating, and we're making sure that we interact with our field at a higher rate, just so they're aware of what's going on and where we're going, our commitment to them, and how they will remain vital to us and one of our main growth engines. We're really just kind of reminding them of how great they are, making sure that we can provide them with what they need, so that we can drive this forward while we're waiting to get the approval, and certainly need their hands-on in driving as we get through the post-approval. The only thing I'd add to that is, as you look ahead, you know, you're bringing together two companies that are committed to product development, that's something we see going forward, as well as surgeon education. Really, you're bringing together two innovators. When it comes to product, I think that should continue to drive excitement across, across both sales forces. Great. Thanks, guys. Just a short follow-up. Maybe you guys can give us some commentary about pricing trends in the U..S in the recent quarter? Trends. Pricing trends? Pricing trends, really, it's really low to low single-digit decline. I wouldn't say that that's really any different. You know, as, as we think about Globus, what we've done to offset price erosion is really launch new products, bring those to market. We've done that with some of the product launches Dan talked about earlier, as well as things that we have planned for the remainder of this year. Yeah, and I would, I would just add, we've seen no significant change in pricing pressures or, or shifts with that as we look over the past multiple quarters. It's been fairly consistent for us. Thanks, guys. Thank you. With no further questions, that concludes the Globus Medical earnings call. Thank you for participating, and you may now disconnect.