Boise Cascade, L.L.C.

Good morning. My name is Grace, and I will be your conference facilitator today. At this time, I would like to welcome everyone to Boise Cascades' third quarter 2024 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer period. It is now my pleasure to introduce you to Chris Forey, Vice President, Finance and Investor Relations, Boise Cascade. Mr. Forey, you may begin your conference.

Thank you, Grace, and good morning, everyone. I would like to welcome you to Boise Cascade third quarter 2024 earnings call and business update. Joining me on today's call are Nate Jorgensen, our CEO, Kelly Hibbs, our CFO and treasurer, Troy Little, head of our wood products operations, and Jeff Strum, head of our building material distribution operations. Turning to slide two, this call will contain forward-looking statements. Please review the warning statements in our press release, on the presentation slides, and in our filings with the SEC regarding the risks associated with these forward-looking statements. Also, please note that the appendix includes reconciliations from our GAAP net income to EBITDA and adjusted EBITDA and segment income to segment EBITDA. I will now turn the call over to Nate.

Thanks, Chris. Good morning, everyone. Thank you for joining us for our earnings call today. I'm on slide number three. Total U.S. housing starts and single-family housing starts decreased 3% and 1% respectively compared to the prior year quarter. Our consolidated third quarter sales of $1.7 billion were down 7% from third quarter 2023. Our net income was $91 million or $2.33 per share compared to net income of $143.1 million or $3.58 per share in the year-over-quarter. Both of our businesses performed well and delivered good financial results in a demand environment that continues to be constrained by home affordability challenges and economic uncertainties. I want to thank our associates across the company who continue to deliver superior value to our customer and vendor partners no matter the demand environment. In addition, we continue to deploy capital through our organic growth projects and additional returns of capital to our shareholders. Kelly will now walk through our segment financial results, give some insight on fourth quarter and then provide an update on our capital allocation in more detail, after which I'll provide an outlook before we take your questions. Kelly?