Badger Meter, Inc.

It is now my pleasure to turn the conference over to Barbara Navarini, Head of Investor Relations. Please go ahead.

Thank you for joining the Badger Meter Third Quarter 2025 Earnings Conference Call. I'm here today with Ken Bockhorst, our Chairman, President, and Chief Executive Officer, and Bob Rockledge, our Chief Financial Officer. This morning, we made the earnings release and related slide presentation available on our website at investors.badgermeter.com. As a reminder, any forward-looking statements made on this call are subject to various risks and uncertainties, the most important of which are outlined in our news release and SEC filings. On today's call, we will refer to certain non-GAAP financial metrics, including certain base metrics, Use of the term base for these purposes is intended to refer to certain financial metrics excluding the smart cover acquisition. Our earnings presentation provides a reconciliation between the most directly comparable gap measure and any non-gap or base financial measures discussed. With that, I'll turn the call over to Ken.

Thanks, Barb. Welcome to our third quarter 2025 earnings call. I'm happy to report another quarter of strong financial performance as 13% year-over-year sales growth drove solid operating profit performance and record-free cash flows. As these results demonstrate, demand for our industry-leading cellular AMI solution and BlueEdge suite of modular smart water management solutions remain steady, supported by durable macroeconomic drivers that encourage technology adoption across the water cycle. We also managed persistent tariff and trade-related cost headwinds effectively, as evidenced by gross returns remaining above our historic normalized range of 58% to 40%. Amidst macroeconomic and trade environment uncertainty, our business has once again proven to be resilient, thanks to the dedicated Badger Meter employees that serve our customers every day. Bob will review more of the financial details, and then I'll be back to provide some color on a few other topics along with our outlook. Go ahead, Bob.