ESCO Technologies Inc.

Good day and welcome to the ESCO Technologies Third Quarter 2020 Earnings Conference Call. Today's call is being recorded. With us today are Vic Ritchie, Chairman and CEO, Gary Munster, Vice President and CFO. And now to present the forward-looking statement, I would now like to turn the call over to Kay Laurie, Director of Investor Relations. Please go ahead.

Thank you. We issued a press release earlier today that will be referenced during the prepared remarks on this call. You can find a copy of our press release and our safe harbor statement regarding forward-looking statements made during this call in the Investor Center of ESCO's website at www.escotechnologies.com. During this call, the company may make forward-looking statements which are inherently subject to risk and uncertainty, particularly given the unknown impact of the current COVID-19 pandemic and the company's response to these evolving circumstances. Extra results may differ materially from those projected in the forward-looking statements, and the company does not assume any duty to update forward-looking statements. Please refer to the company's press release for risk factors that may impact any forward-looking statements and for the reconciliation of any non-GAAP financial measures to their most comparable GAAP measures. Now I'll turn the call over to Vic.

Thanks, Katie. Before I hand it over to Gary to discuss the third quarter results, I'll provide a brief update on how we're managing the company in this COVID environment. The situation seems to change on a daily basis, so a lot has changed since we last spoke. I think it's important to share some of the details of how we're managing the business in real time and how we're positioning ourselves for the future. When the pandemic hit and we saw the first indication of potential economic impact on our business, we did what we did best. We took decisive action. From the start and through today, we continue to take actions that have a clear and precise focus, that is to protect our strong financial condition, to deliver products and services and to support our customers, all while keeping our employees safe and healthy. The measures we've taken so far have allowed us to hold our own over the past few months, as demonstrated by our third quarter results and our strong financial position. We continue to review additional actions across the organization that will adjust our cost structure to fit our near-term sales outlook and support our long-term strategy for profitable growth by strengthening our core. We've demonstrated our operational efficiency and have proven our ability to effectively manage costs to meet changing markets' demands in the past, and the current situation is no different. We're actively addressing today's business pressures and directing our efforts to come out of this even stronger. We are in control of what's within our control and focusing on the near-term situation without losing our vision for the future. Our actions will have a near-term benefit while maintaining our flexibility to ramp up quickly when demand returns to more normal levels. ESCO will continue to benefit from leading positions in various niche markets delivering a set of unique and highly technical products and solutions specifically designed to meet our customers' needs. This makes it difficult for our solutions to be replaced by alternative sources. We continue to focus on our future as demonstrated by continued investment in new products across all three segments, which will continue to create new opportunities and drive organic growth. Our deep and experienced management team is providing the leadership to manage through this period of uncertainty. Our disciplined approach to operating the business will result in our continued success. Our employees are our most important asset, and I want to say thank you to our manufacturing employees, leadership teams, and staff around the world for their hard work and dedication. As you have all demonstrated, an extraordinary commitment to the success of our system. I'll now turn it over to Gary.