L.B. Foster Company

Good day, ladies and gentlemen, and welcome to LB Foster's third quarter 2021 earnings conference call. At this time, all participants are in a listen-only mode. Later, we will conduct the question and answer sessions and instructions will follow at that time. If anyone should require assistance during the conference, please press star zero on your telephone. As a reminder, this conference is being recorded. I would now like to hand the conference over to Stephanie Litswak.

Thank you. Please go ahead. Thank you, operator.

Good morning, everyone, and welcome to LB Foster's third quarter of 2021 earnings call. My name is Stephanie Lischwak, the company's investor relations manager. Our president and CEO, John Castle, and our chief financial officer, Bill Coleman, will be presenting our third quarter operating results, market outlook, and business developments this morning. Jim Gunson, the company's corporate controller, is also joining us this morning. We'll start the call with John, providing his perspective on the company's third quarter performance and updating you on significant business matters and market developments. Bill will then review the company's third quarter financial results. John will then provide an overview of the company's recently completed comprehensive strategy reassessment. We will then open the session up for questions at the conclusion of John's remarks. Today's slide presentation, along with our earnings release and financial disclosures, were posted on our website this morning and can be accessed on our investor relations page at lbfoster.com. Our comments this morning will follow the slides in the earnings presentation. Some statements we are making are forward-looking and represent our current view of our markets and businesses today, including comments related to COVID-19. These forward-looking statements reflect our opinions only as of the date of this presentation, and we undertake no obligation to revise or publicly release the results of any revisions to these statements in light of new information accepted required by securities laws. For more detailed risks, uncertainties, and assumptions relating to our forward-looking statements, please see the disclosures in our earnings release and presentation. We will also discuss non-GAAP financial metrics and encourage you to read our disclosures and reconciliation tables provided within today's earnings release and within our accompanying earnings presentation carefully as you consider these metrics. For the purpose of helping you understand the underlying performance of the company, we will be referring to adjusted EBITDA, adjusted net income, adjusted diluted ETF, net debt, and adjusted net leverage ratio during the presentation today as reflected in the reconciliation tables included in the appendix to the earnings presentation. Additionally, in September of 2020, we announced the equity sale of our RLS Test and Inspection Services Division. As a result of this divestiture, we have presented the Test and Inspection Services business as a discontinued operation, including within the earnings release and presentation, and have recast prior periods to reflect this change. The comments today will be focused on our results from continuing operations. Further, in September of 2021, we announced the asset sale of our Piling Products Division. Due to the nature of the sale, we have presented the Piling Products Division within continuing operations in our financial statements, but we have adjusted certain metrics as annotated in our presentation slides to reflect the sale for purposes of an even comparison. So, with that, let me turn the call over to John.