Cactus, Inc.

Ladies and gentlemen, thank you for standing by, and welcome to the Cactus Q3 2020 earnings call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 1 on your telephone. If at any time during the conference you need to reach an operator, please press star 0. I would now like to welcome one of the speakers for today, Mr. John Fitzgerald. Please go ahead, sir.

Thank you and good morning, everyone. We appreciate your participation in today's call. The speakers on today's call will be Scott Bender, our Chief Executive Officer, and Steve Tadlock, our Chief Financial Officer. Also joining us today are Joel Bender, Senior Vice President and Chief Operating Officer, Stephen Bender, Vice President of Operations, and David Isaac, our General Counsel and Vice President of Administration. Yesterday we issued our earnings release, which is available on our website. Please note that any comments we make on today's call regarding projections or expectations for future events are forward-looking statements covered by the Private Securities Litigation Reform Act. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control. These risks and uncertainties can cause actual results to differ materially from our current expectations. We advise listeners to review our earnings release and the risk factors discussed in our filings with the SEC. Any forward-looking statements we make today are only as of today's date, and we undertake no obligation to publicly update or review any forward-looking statements. In addition, during today's call, we will reference certain non-GAAP financial measures, reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in our earnings release. With that, I will turn the call over to Scott.

Thanks, John. Good morning to everyone. I'm again pleased with our performance during the quarter despite the macro environment. Our results were reflective of the differentiated nature of our products and services, our dedicated associates who showed a tremendous commitment to safety and execution during these difficult times, and our industry leading supply chain model. Reducing the overall cost of production has never been more important for our industry and Cactus' products and services are truly enabling our customers to increase efficiencies and savings. While our overall revenues were down during the third quarter as expected, we achieved strong margins across our business lines and increased market share in our product business to a record 38%. In summary, third quarter revenues were approximately $60 million. Adjusted EBITDA approached $25 million. Adjusted EBITDA margins were 41%. Our cash balance increased to nearly $274 million, and we paid a quarterly dividend of $0.09 per share. I'll turn the call over to Steve Tadlock, our CFO, who will review our financial results. Following his remarks, I'll provide some thoughts on our outlook for the near term before opening the lines for Q&A. Steve?