Arcosa, Inc.

Good morning, ladies and gentlemen, and welcome to the ARCOSA Inc. Third Quarter 2019 Earnings Conference Call. My name is Ashley, and I will be your conference call operator today. As a reminder, today's call is being recorded. Now I would like to turn the call over to your host, Gail Peck. Ms. Peck, you may begin.

Good morning, everyone. Thank you for joining our Third Quarter 2019 Earnings Call. With me today are Antonio Carrillo, President and CEO, and Scott Beasley, CFO. A question and answer session will follow their prepared remarks. A copy of yesterday's press release and the slide presentation for this morning's call are posted at our website, www.arcosa.com. You can access the presentation by going to the Events tab under the Investors section of the website. A replay of today's call will be available for the next two weeks. Instructions for accessing the replay number are included in the press release. A replay of the webcast will be available for one year on our website. Today's comments and presentation slides contain financial measures that have not been prepared in accordance with generally accepted accounting principles. Reconciliations of non-GAAP financial measures to the closest GAAP measure are included in the appendix of the slide presentation. Let me also remind you that today's conference call contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Please refer to the company's SEC filings, including its Form 10-K, for more information on these risks and uncertainties. I would now like to turn the call over to Antonio.

Thank you, Gail. Good morning, and thank you for joining today's call to discuss our course's third quarter results and business outlook. Once again, we are pleased to report strong results. Demand trends remain positive across our infrastructure markets, and our leadership positions in key products together with internal margin improvement programs are driving significant operating leverage. Please turn to slide four. Broadly, our business has continued to perform well, and we are successfully executing on the long-term strategy. This strong third quarter performance was led by margin improvement in the energy equipment business, the revenue contribution from the ACG material acquisition, and higher revenue and earnings contribution from the barge business. It is important to mention that order activity was strong in the third quarter in utility structures, wind towers, and barges. One year to date, our year to date results give us confidence that we will achieve the 219 adjusted EBITDA guidance of 230 to 240 million, with the likelihood that we will be at the upper end of this range. keeping in mind that we increased this range when we reported first-half results in August. Tomorrow is the one-year anniversary of our COSAS, an independent public company. We have come a long way since completing the spin-off last November, standing up the organization and implementing our Stage 1 priorities. Importantly, as we were establishing the new company, we defined the culture needed to support the long-term strategy. For the last 12 months, we have made significant progress in building this new culture into ARCOSA. More on this topic later in the call. Now let's turn to slide five for an overview of ARCOSA's third quarter results. Revenue increased 18% year over year, representing a mix of organic and acquisition growth. Operating leverage was evident by the 35% growth in adjusted net income and the 40% growth in adjusted EBITDA, more than twice our revenue growth. Scott Beasley will now provide financial review of the third quarter. Scott?