10/28/2021

speaker
Charlie
Call Coordinator

Ladies and gentlemen, welcome to the third quarter 2021 Badger Meter Earnings Conference Call. My name is Charlie and I'll be the coordinator for today's call. You have the opportunity to ask a question at the end of the presentation. If you'd like to register a question, please press star followed by one on your telephone keypad. As a reminder, today's conference is being recorded. It is now my pleasure to turn the conference over to Karen Bower, Vice President of Investor Relations, Corporate Strategy and Treasurer. Please go ahead, Ms. Bower.

speaker
Karen Bower
Vice President of Investor Relations, Corporate Strategy and Treasurer

Good morning, and thank you for joining the Badger Meter third quarter 2021 earnings conference call. 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 earnings slides provide a reconciliation of the GAAP to non-GAAP financial metrics used. Finally, during this call, we will refer to core results for various financial metrics, for example, core water utility sales. Core means a designated financial metric excluding the impact of the recent SCAN and ATI acquisitions. We believe this reference point is important for year-over-year comparability. With that, I'll turn the call over to Ken.

speaker
Ken Bockhorst
Chairman, President and Chief Executive Officer

Thanks, Karen. And thank you for joining our third quarter earnings call. I'm not sure how often the term supply chain challenges or inflation are going to be referenced during the quarterly earnings cycle over the next month, but I can only imagine it's going to be an all-time record. While we clearly faced our fair share of those challenges, I want to focus my introductory comments on recognizing the tremendous execution of our Badger Meter teams globally. for their proactive and constructive dialogue with customers to manage priorities, expectations, and build trust, for their agility in effectively redesigning certain product components to provide greater flexibility on supply sources, for their unrelenting diligence in supplier and logistics management, and for their collaboration across functions to maximize our deliveries to customers. These strategic and tactical actions by our world-class team allowed us to deliver record sales and earnings this quarter while we added to our already record backlog. I'll talk about the current environment and our outlook later in the call, but for now, let me turn the call over to Bob to go through the details of the quarter.

Disclaimer

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