Badger Meter, Inc.

Ladies and gentlemen, welcome to the second quarter 2025 Badger Meter earnings conference call. After the prepared remarks, there'll be an opportunity to ask questions. If you'd like to ask a question, you can do so by pressing star followed by the number one on your telephone keypad. It's now my pleasure to turn the conference over to Barbara Novarini, head of investor relations. Please go ahead.

Thank you. Good morning. And thank you for joining the Badger Meter second quarter 2025 earnings conference call. I'd like to introduce myself as the new Head of Investor Relations. With me on the call today are Ken Bockhorst, Chairman, President, and Chief Executive Officer, and Bob Rockledge, Chief Financial Officer. The earnings release and related slide presentation were made available this morning on our website. Quickly, I will cover the safe harbor, reminding you that any forward-looking statements made during this call are subjects 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, Barb. Welcome to our second quarter 2025 earnings call. I'm pleased to report another quarter of record sales and solid financial results that demonstrated disciplined execution and the durability of the drivers that support technology adoption across the water industry. Against difficult comps in the prior year quarter, sales grew 10% year-over-year, or 5%, excluding the Smart Cover acquisition. Despite trade-related cost headwinds, gross margins continued to trend above our normalized range of 38% to 40%, and we generated robust free cash flow in the quarter. Halfway through the year, I remain encouraged by the resilience of our business as we face ongoing macroeconomic, trade, and policy uncertainty. Our proven history of differentiated operational execution, combined with ongoing customer demand and momentum in technology adoption trends, positions us to successfully navigate this near-term uncertainty while supporting the long-term goals of our customers. Bob will review the details of the quarter, and then I'll be back to provide some thoughts on BlueEdge and our outlook. Go ahead, Bob.