Insteel Industries, Inc.

these questions come through.

Good morning all. Thank you for joining us for the Instil Industries third quarter 2024 earnings call. My name is Carly and I'll be coordinating your call today. During the presentation you can register a question by pressing star followed by one on your telephone keypad and to remove yourself from that line of questioning please press star followed by two. I'll now hand over to your host H. Waltz, CEO of Instil Industries to begin.

Good morning. Thank you for your interest in InSteel, and welcome to our third quarter 2024 conference call, which will be conducted by Scott Giuffruti, our Vice President, CFO, and Treasurer, and me. Before we begin, let me remind you that some of the comments made on our presentation are considered to be forward-looking statements that are subject to various risks and uncertainties, which could cause actual results to differ materially from those projected. of the SEC. During Q3, we experienced a continuation of sluggish market conditions, although momentum increased steadily to the point that we began ramping up operating hours to manage lead times, primarily in our welded wire reinforcement business. While we're not pleased with our Q3 results, patience is the only viable strategy for us since we're unable to create demand and competitors who believe that reducing prices will stimulate demand or result in market share gains are simply mistaken. We've noted that market lethargy is not limited to reinforcing markets following reduced estimates for producers of cement, steel, aggregates, and other construction materials. The better news is that we believe market conditions are recovering and that the longer-term outlook for demand is quite positive. We look forward to attaining higher operating rates, lower costs, improved revenue, and margins that we believe will be supported by market conditions. I'm going to turn the call over to Scott to comment on our financial results for the quarter and the macro environment, and then I'll pick it back up to discuss our business outlook.