Badger Meter, Inc.

Ladies and gentlemen, welcome to the third quarter 2020 Badger Meeting Earnings Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you'll need to press star 1 on your telephone. If you require any further assistance, please press star 0. Please note this call is being recorded. It is now my pleasure to turn the conference over to Karen Bauer, Vice President of Investor Relations, Strategy, and Treasurer. Please go ahead.

Good morning, and thank you for joining the Badger Meter third quarter 2020 earnings conference call. I hope you are all doing well and staying safe. On the call with me today are Ken Bockhorst, Chairman, President, and Chief Executive Officer, and Bob Rockledge, Chief Financial Officer. The earnings release and related slide presentation are available on our website. Quickly, I will cover the safe harbor, reminding you that any forward-looking statements made during this call are subject to various risks and uncertainties, the most important of which are outlined in our press release and SEC filings. On today's call, we will refer to certain non-GAAP financial metrics. Our press release and slides provide a reconciliation of the GAAP to non-GAAP financial metrics used. With that, I'll turn the call over to Ken.

Thanks, Karen, and thank you for joining our third quarter earnings call. I want to start by thanking the global Badger Meter team for their continued commitment and efforts to safely serve and support our customers around the globe. While the majority of our non-production employees continue to work from home, we have many dedicated employees at our manufacturing sites and with customers all adhering to the many layered health and safety protocols. As you read in this morning's release, our financial performance in the quarter rebounded, reflective of the resiliency of the critical municipal water market. As a matter of fact, we delivered a record quarter in terms of EPS and tied the record for quarterly sales. We improved manufacturing output and experienced more consistent order demand after the trough and activity last quarter stemming from the rapid onset of widespread pandemic lockdowns. Not surprisingly, and as we anticipated, most flow instrumentation and markets remain challenged. Bob will walk you through the details of the quarter, and after that, I'll come back and talk further about the market outlook and what we're hearing from customers in the current environment.