Good morning, ladies and gentlemen. My name is Josh, and I will be your conference call facilitator today. At this time, I would like to welcome everyone to the Kimball Electronics Second Quarter Fiscal 2020 Financial Results Conference Call. All lines have been placed on listen-only mode to prevent any background noise. After the Kimball speakers' opening remarks, there will be a question-and-answer period, where Kimball will respond to questions from analysts. [Operator Instructions] Today's call February 6, 2020 will be recorded and may contain forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. Risk factors that may influence the outcome of forward-looking statements can be seen in Kimball's Annual Report on Form 10-K for the year ended June 30, 2019 and in today's release. The panel for today's call is Don Charron, Chairman of the Board and Chief Executive Officer; and Mike Sergesketter, Vice President and Chief Financial Officer of Kimball Electronics. I would now like to turn today's call over to Don Charron. Mr. Charron you may begin.

Thank you, Josh. Welcome everyone to our second quarter conference call. Our earnings release was issued yesterday afternoon on the results of our second quarter ended December 31, 2019. We have posted a financial summary presentation to accompany this conference call. The presentation can be found on our Investor Relations website within the Events & Presentations tab, or if you are listening via the webcast you can follow along by advancing the slides or download them from the Downloads tab on the webcast portal. I will begin by making a few remarks on the overall quarter, and then I'll turn it over to Mike for the financial overview. After that, we will answer any questions that you may have. We delivered solid growth results in the second quarter of fiscal year 2020, despite the impact from the strike at General Motors and the continued softness in the overall market. We expect softness and fluctuations in the overall market to continue near-term as our customers review and revise their outlook over the next few quarters. However, we remain cautiously optimistic that we will achieve our goal of 8% organic growth for fiscal year 2020. We continue to monitor the uncertainties facing our customers and the corresponding impact on the production demand that they ultimately place on us as their supply partner. The signing of the phase one China trade agreement and USMCA provide us with renewed optimism as we further develop our long-term business plans for those geographies. We also continue to monitor the unexpected and unfortunate coronavirus outbreak in China and its negative impacts on our operations in our two China facilities, including the effect on shipments in and out of China, the availability of critical components and the health and availability of our workforce. The close relationships that we…

Thanks, Don. During my comments, I will be referring to the slide deck Don mentioned, which can be found on our Investor Relations website within the Events & Presentations tab or if you're listening via the webcast, you can follow along by advancing the slides on the webcast portal. As shown on slide 3, our second quarter net sales were $307.1 million, which was an 8% increase, compared to net sales of $284.1 million in the prior year's second quarter. Favorably impacting our consolidated net sales by 2% for the quarter was the acceleration of revenue for certain contracts with customers, which began to meet the criteria to recognize revenue over time during the current quarter. Partially offsetting the impact of the transition in revenue treatment for these certain contracts were foreign exchange rates, which reduced our consolidated net sales by approximately 1% compared to the second quarter a year ago. Slide 4 represents our net sales mix by vertical market. Comparing our net sales by vertical to the same quarter in the prior year, our automotive vertical was up 20% compared to the same quarter a year ago, largely driven by improved demand in China compared to the second quarter of 2019. Negative impacts of the GM strike were largely offset by an increase in revenue from certain contracts which -- with customers beginning to meet the criteria to recognize revenue over time during the current quarter. Our medical vertical was flat in the current quarter compared to the prior year second quarter resulting from mixed demand. Our industrial vertical was up 7% from a year ago as a result of increased demand and new product introductions and smart metering programs, which more than offset decreases in demand for climate control programs. Lastly, sales in our public safety vertical…

And I'm not showing any questions at this time. I would now like to turn the call back over to Don Charron for any further remarks.

Thank you, Josh. And that brings us to the end of today's call. We appreciate your interest and look forward to speaking with you on our next call. Thank you and have a great day.

At this time, listeners may simply hang up to disconnect from the call. Thank you and have a nice day.