Badger Meter, Inc.

ladies and gentlemen welcome to the second quarter 2022 badger meter earnings conference call if you would like to ask a question please press start followed by one on your telephone keypad if you change your mind please press start followed by two when preparing to ask your question please ensure your phone is unmuted locally if you have multiple questions we invite you to ask them one at a time to allow for individual response As a reminder, today's conference is being recorded. It is now my pleasure to turn the conference over to Karen Bauer, Vice President of Investor Relations, Corporate Strategy, and Treasurer. Please go ahead, Mrs. Bauer.

Good morning, and thank you for joining the Badger Meter Second Quarter 2022 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'll 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. With that, I'll turn the call over to Ken.

Thanks Karen, and thank you for joining our second quarter earnings call. In the second quarter, we bolstered our track record of strong performance by delivering 12% revenue growth, an 18% increase in operating profit, and a 19% increase in EPS year over year. For the past three quarters, we've delivered double-digit organic sales growth, including mid-teens core growth in utility water revenues. Over the same period, gross profit margins have been within our tightened and normalized range of 38 to 40%, even with supply chain shortages and significant economic impacts from inflation, COVID shutdowns, and the ongoing war in Ukraine. Our focus on delivering the widest choice of smart water solutions across the water ecosystem and our operating execution illustrate that we are well positioned to weather macroeconomic challenges that may lay ahead. I'll talk about the current environment and our market outlook later in the call, but for now, I'll turn the call over to Bob to go through the details of the quarter.