Cognex Corporation

Greetings and welcome to the Cognix Third Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn this conference over to your host, Susan Conway, Senior Director of Investor Relations. Thank you. You may begin.

Susan Conway Good evening, everyone. Thank you for joining us today. With us are Cognexus Chairman, Dr. Bob Shillman, President and CEO, Rob Willett, and Chief Financial Officer, Paul Tajam. I'd like to point out that our earnings release and quarterly report on Form 10-Q are available on our investor relations website at www.cognex.com forward slash investor. Both contain highly detailed information about our financial results. During the call, we may use a non-GAAP financial measure if we believe it is useful to investors are if we believe it will help investors better understand our results or business trends. You can see a reconciliation of certain items from GAAP to non-GAAP in Exhibit 2 of the earnings release. Any forward-looking statements we made in the earnings release or any that we may make during this call are based upon information that we believe to be true as of today. Things often change, however, and actual results may differ materially from those projected or anticipated. For a detailed list of risk factors, you should refer to our SEC filings, including our most recent Form 10-K and subsequent quarterly reports on Form 10-Q. Now, I'd like to turn the call over to Dr. Bob.

Thanks, Sue, and hello, everyone. I am actually physically here with the team this time, and I'm happy to be here. Enjoying the beautiful fall colors. Not so happy to experience the gray, rainy weather, but it does remind me why I left many years ago for Southern California. Well, as shown in the news release earlier today, we reported terrific results. Q3 was the second highest quarterly revenue in our 39-year history, along with terrific profitability. In addition, Cognex's Board of Directors increased the quarterly cash dividend to $0.06 a share, and the dividend increase demonstrates our confidence in Cognex's financial strength and long-term growth prospects despite the current difficult business environment. Now, you're not here just to hear those platitudes. You're here to hear more details, and for those, I'm going to turn it over to my partner, Cognex's CEO, Rob Willett. and Rob, the microphone is now yours.