Atkore Inc.

Greetings and welcome to the ADCOR third quarter earnings conference call. At this time, all participants are in 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. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, John Deicher, Vice President of Treasury and 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. Starting on slide three, in the third quarter, Accor again delivered outstanding performance across our businesses in what shaped up to be another record quarter. Revenue was $854 million, and adjusted EBITDA was $274 million. This significant increase in earnings is driven primarily by the exceptional performance in our PBC and metal conduit businesses. In the third quarter, we had very strong results across multiple product categories, and our volumes were up 24% versus prior year. We generated strong cash flow, and we continued our balanced approach to capital deployment by repurchasing $75 million of stock. We are also pleased that we completed our debt refinancing process and extended our asset-based loan credit facility. Looking forward, we are increasing our FY21 outlook and now expect to achieve adjusted EBITDA in the range of $855 to $875 million. and we raised our perspective on FY22 up to a range of $500 to $550 million. I'll provide more detail on the outlook after David walks us through this quarter's financials. But before I pass it off, I want to congratulate and recognize all of our employees for their tremendous effort in support of our customers. With that, I'll turn the caller to David to discuss the quarter.