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11/14/2023
Welcome to the AMCO Pittsburgh Corporation Third Quarter 2023 Earnings Results Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist 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 may press star then run your telephone keypad. To withdraw a question, please press star then 2. Please note this event is being recorded. I'd now like to turn the conference over to Kim Knox, Corporate Secretary. Please go ahead.
Thank you, Tony, and good morning to everyone joining us on today's third quarter 2023 conference call. Joining me today are Brett McBrayer, our Chief Executive Officer, and Mike McCauley, Senior Vice President, Chief Financial Officer, and Treasurer. Also joining us on the call today are Sam Lyon, President of Union Electric Steel Corporation, and Dave Anderson, President of Air and Liquid Systems Corporation. Before we begin, I would like to remind everyone that participants on this call may make statements or comments that are forward-looking and may include financial projections or other statements of the corporation's plans, objectives, expectations, or intentions. These matters involve certain risks and uncertainties. many of which are outside the corporation's control. The corporation's actual results may differ significantly from those projected or suggested in any forward-looking statements due to various risk factors, including those discussed in the corporation's most recently filed Form 10-K and subsequent filings with the Securities and Exchange Commission. We do not undertake any obligation to update or otherwise release publicly any revision to our forward-looking statements. A replay of this call will be posted on our website later today. To access the earnings release or the webcast replay, please consult the investor section of our website at amcopgh.com. With that, I'd like to now turn the call over to Brett McBrayer, AMCO Pittsburgh CEO. Brett?
Thank you, Kim. Good morning, and thank you for joining our call. As reported in our press release and 10-Q filing, AMCO Pittsburgh delivered a positive earnings per share for the third quarter of 2023 with improved performance from both business segments. Our operating income of $1.7 million for the quarter and $7 million year-to-date is up significantly compared to last year. This improved performance was realized despite the negative headwinds we continue to experience in Europe. The growth we are seeing in our air and liquid systems segment is encouraging. and we again experienced record backlog in that segment for the quarter. We are excited about our capital equipment investments in the Forge and Cast Engineer product segment, which is on track for completion at the end of this year. I'm now going to turn the call over to Sam Lyon, President of our Forge and Cast Engineer product segment, for further comment on his group's performance. Sam?
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