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11/14/2024
Good day and welcome to the AMCO Pittsburgh Corporation third quarter 2024 earnings results conference call. All participants will be in a listen-only mode. Should you need assistance, please 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 may press star then one on your telephone keypad. And to withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Ms. Kim Knox corporate secretary. Please go ahead, ma'am.
Thank you, and good morning to everyone joining us on today's third quarter 2024 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 in 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 Investors section of our website. at AmcoPGH.com. With that, I would now like to turn the call over to Brett McBrayer, Amco Pittsburgh CEO. Brett?
Thank you, Kim. Good morning, and thank you, everyone, for joining our call. As stated in our press release this morning, Amco Pittsburgh reported operating income for the three- and nine-month period of 2024 of $1.97 million. Our third quarter performance includes the impact of our seasonal plant shutdowns. Improved margins and operating efficiencies directly related to our recent capital investments in the forage and cast engineer product segments continues to offset weaker casserole demand. Additionally, backlog increased for the quarter with recent additions of row orders for our 2025 order book. We continue to be encouraged by the growth prospects available in our air and liquid segment as we improve efficiencies to capture these future opportunities. I will now turn the call over to David Anderson, President of our Air and Liquid segment, for further comments on the quarter's results.
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