Core Molding Technologies Inc

Good morning, everyone. Welcome to the Core Molding Technologies Third Quarter Fiscal 2024 Financial Results Conference Call. All participants will be in listen-only mode. She can be assisted through signal conference specialists by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you can press star then run your telephone keypad. To withdraw your question, please press star then two. As a reminder, this conference call is being recorded. I will now turn the call over to Sandy Martin to report advisors. Please go ahead.

Thank you, operator, and good morning, everyone. We appreciate you joining us for the Core Building Technologies Conference call to review third quarter results for 2024. Joining me on the call today are the company's president and CEO, Dave Duvall, and EVP and CFO, John Zimmer. This call is being webcast and can be accessed through coremt.com. via an audio link on the investor relations events and presentations page. Today's conference call, including the Q&A session, will be recorded. Please be advised that any time sensitive information may no longer be accurate as of the date of any replay or transcript reading. I would also like to remind you that the statements made in today's discussion that are not historical facts, including statements or expectations or future events or future financial performance, are forward looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward looking statements are uncertain and outside of the company's control. Actual results may differ materially from those expressed or implied. Please refer to today's earnings press release for our disclosures on forward looking statements. These factors and other risks and uncertainties are described in detail and the company's filings with the Securities and Exchange Commission. Core molding technologies assumes no obligation to publicly update or revise any forward-looking statements. Management will refer to non-GAP measures, including adjusted EPS, adjusted EBITDA, debt-to-trailing 12-month EBITDA ratio, free cash flow, and return on capital employed. Reconciliations to the nearest GAP measures can be found at the end of our earnings release. Finally, this release has been submitted to the SEC on Form 8K. Now, I would like to turn the call over to the company's president and CEO, Dave Duvall.

Thank you, Sandy, and thank you all for joining to review our 2024 third quarter results. Before John and I summarize our third quarter results, I want to share some exciting updates on our Invest for Growth strategies. First, we announced on October 28th that Alex Vance joined the company as our new chief commercial officer. We understand that strong, capable leadership is fundamental to the successful execution of any strategy, and appointing Alex to this newly created role is an important step in our sales and marketing transformation of accelerating CORE's revenue growth. Alex brings an impressive track record of over 25 years executing successful industrial sales and marketing programs. He is the ideal person to lead the charge based on his commercial sales expertise and long-tenured roles at building relationships, driving revenue programs, and aligning market strategies with a customer-centric approach. I want to quickly provide an update from last quarter on our participation in trade shows, customer lunch and learn events, and sales engagement opportunities as we continue to make progress pursuing new end markets. We exhibited in our first Mexican composite trade show at Polyplast in Monterrey, Mexico, which I think is a demonstration of our strength of our Mexican team. We also attended the battery show in Detroit, which is North America's largest and most comprehensive battery event. This event showcases emerging markets and technologies in the automotive, medical, aerospace, commercial, and industrial applications. Turning to a summary of the third quarter's financial results, we continue to face macroeconomic headwinds in some of the industries we serve, but we continue to maintain our profitability. Our third quarter sales were $73 million, and we generated $7.5 million in adjusted EBITDA, or 10.3% of sales, which contributed to a year-to-date free cash flow of over $23 million. Our net income was $3.2 million, or $0.36 per diluted share. We continue to drive profitability, and our entire organization is preparing for the next chapter of growth. We are investing cash in organic and inorganic growth, as well as technical capabilities in manufacturing infrastructure. High return investments are possible based on our disciplined business execution over the last 24 months, which strengthened our balance sheet and generated higher cash flows on fewer sales dollars with more consistency and stability. Now I want to turn the call over to John to cover the financials in more detail.