Atkore Inc.

Good morning. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to the AdCourse third quarter fiscal year 2022 earnings conference call. All lines have been placed on listen-only mode. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, simply press star, followed by the number one on your telephone keypad. If you would like to withdraw your question, again press star one. As a reminder, this conference is being recorded. Thank you. I would now like to turn the conference over to your host, John Deisser, 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 risks 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 that 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, I'm pleased to report that ACOR again delivered strong operating results in the third quarter of 2022 despite challenges in the overall global supply chains and labor availability. I'm also excited to speak about many of the opportunities that lie ahead for us due in large part to actions we've taken to position at CORE as a leader in our markets. We continue to execute against our operational plans as well as our capital deployment model. Currently, we are well ahead of schedule on our plans to deploy over $1 billion over the next two to three years. Within this quarter alone, we deployed over $400 million combined in the areas of capital expenditures, M&A, and share repurchases. In regards to M&A, we are very pleased to welcome the employees from both Talon Products and United Poly Systems into ACOR. These are two great companies, and we're excited about the opportunity to grow our businesses together. In addition to these acquisitions, during the quarter, we purchased a new property in the Dallas, Texas area that will be used to strategically grow our capacity for our HDPE products, as well as provide a strategic location for our new regional distribution center in the future. Heading into the last quarter of our fiscal year, we are increasing our expectations and outlook for FY22 based on the strong performance we had in the first nine months. Turning to slide four, we are positive on the outlook for our HDP products given the expected growth in 5G and broadband internet access. Building on our recent acquisitions of Four Star Industries and United Poly Systems, Along with our existing portfolio products, we believe we have the opportunity to become a leading provider in this market over the next few years through additional organic and inorganic opportunities. It is for these reasons that we expect our HDPE business to be a growth driver for Accor. Moving to slide five, we are adding new HDPE production equipment that we expect to receive in FY23 to be placed in our new Dallas facility. By purchasing this property, we will not only have additional space for production capacity, but equally as important, we plan to build a new regional distribution center. We believe the RDC will allow us to better service our customers in this region of the United States, consistent with our strategy of one order, one delivery, one invoice. This way of doing business, having the capacity and infrastructure to do co-loads and same-day pickups is what continues to differentiate Accor and supports our mission to be the customer's first choice. With that, I'm especially thankful for each of our great employees and the work they do every day to support our customers. Now, I'll turn the call over to David to talk through the strong results of the third quarter.