Now let me turn the call over to Jeff.Jeff Quinn Thanks Susannah and good morning and thanks to all of you for joining us for our second quarter earnings call. I want to begin today by discussing some highlights in the quarter, our recent acquisitions and some of the important growth drivers for our businesses, before I hand it over to Jim Voss, our Chief Operating Officer, who will talk about some of the ongoing internal growth projects in some of the important emerging markets and also comment on the end markets in which we participate. Jim Sullivan, our Chief Financial Officer will then provide a more detailed review of the numbers for the quarter and our expectations for the remainder of 2010. After that, I 'll come back on and provide some closing comments and talk a little bit about the big picture before we open the call up to your questions. Moving over to slide 4, to talk a bit about the quarter, it 's with pleasure that I can report a record setting quarter for Solutia. Significant strategic process and an optimistic deal looking forward for the remainder of this year and 2011. We experienced year-over-year revenue improvement during the quarter as volumes were up 25% with the continuing trend of stabilizing and improving demand in our end markets. We had sequential improvement in volumes each month of the quarter, with June being the best month in the quarter, even excluding the acquisitions. The diverse geographic profile of our revenue base and our diverse product lines enabled us to benefit from increased demand in each business segment. Manufacturing utilization rates for the company as a whole, increased to the mid to upper 80s underpinning our strong performance for the quarter. As I have stated many times in the past, and as again evident in this quarter 's results, our cost structure has been transformed on a permanent sustainable basis. This quarter, we posted the highest quarterly adjusted EBITDA we 've ever had of a 134 million and sustained our industry leading margin profile with an adjusted EBITDA margin right at 26% for the quarter. This is our fifth consecutive quarter worth margins in their mid 20s, further demonstrating sustain power and resiliency of our businesses. Several other noteworthy events also occurred during the quarter. We finalized the purchase of Etimex Solar the combination of EVA and PVB encapsulant offered by one supplier will be a significant benefit to our solar module customers. Demonstrating the value of providing both critical encapsulants, we are all ready scheduling meetings for prospective customers who previously had not purchased from either company.
As we announced two weeks ago, Solutia will be rapidly expanding Vistasolar 's reach by adding a manufacturing capacity for EVA at our Suzhou, China Advanced Interlayers planned.We also completed the Novamatrix acquisition in the quarter; consistent with our overall portfolio of strategy, this acquisition further reinforces performance films leading global position in window films. The V-Kool and Huper Optik high-end brands helped round out performance films product offering, provide different yet complementary distribution channels in select parts of the world and bring geographic presence in high growth areas of Asia and the Middle East. Essentially, these acquisitions are a significant step delivering on our commitment to strategically grow our specialty chemicals and performance materials portfolio. Finally, as you have seen this quarter, we announced a number of capital investments to sustain the demand we are experiencing in emerging markets. Jim Voss will talk about these projects in later in a moment. Read the rest of this transcript for free on seekingalpha.com