Atkore Inc.

Greetings and welcome to the AtCourt International Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone. If you require any further assistance, please press star 0. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, John Deitzer, Vice President of Investor Relations. Thank you. You may begin.

Thank you, and good morning, everyone. I'm joined today by Bill Waltz, President and CEO, as well as David Johnson, Chief Financial Officer. We will take your questions after comments by Bill and David. I would like to remind everyone that during this call, we may make projections or forward-looking statements regarding future events or financial performance of the company. Such statements involve risk and uncertainties such that actual results may differ materially. Please refer to our SEC filings in today's press release, which identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. In addition, any reference in our discussion today to EBITDA means adjusted EBITDA.

With that, I'll turn it over to Bill. Thanks John and good morning everyone. I'm pleased to report that Accord delivered solid results in the third quarter despite the challenges associated with COVID-19 pandemic. I believe our strong operational focus and culture of safety helps us as we navigate through these uncertain times. As we start on page three, In the third quarter, we delivered an adjusted EBITDA of $64 million as our margins performed better than our expectations given the strong cost control measures we implemented throughout the organization. It is through the actions of so many of our employees that we were able to increase our cash balance by $100 million and end the quarter with a balance of $237 million. I'm pleased to announce that shortly after the quarter ended, we were able to come to agreement with the United Steelworkers Union to ratify a new agreement for our Harvey, Illinois location. At Accor, we are focused on building a long-term sustainable business, and this agreement certainly helps. Given the continued uncertainty in market volatility, We estimate our FY 2020 net sales adjusted EBITDA and adjusted EPS to be down approximately 10% versus prior year. Now, let me take a moment to summarize my key takeaways regarding the quarter and recent events, and then David will go into the results in more detail. First, the team delivered solid results in Q3, driven by our disciplined use of the ACOR business system. Second, we're in a strong financial position with $237 million in cash at the end of the third quarter. Third, as much as we focus on managing through these current conditions, we remain committed to building an even stronger ACOR for the future. With that, I'll turn the call over to David, who will walk us through the quarter in more detail.