Cactus, Inc.

Good day, and thank you for standing by, and welcome to Cactus' third quarter 2022 earnings conference call. At this time, our 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'll need to press star 1-1 on your telephone. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, John Fitzgerald, Director of Corporate Development IR. Please go ahead.

Thank you and good morning. We appreciate you joining us on today's call. Our speakers 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 Will Marsh, our General Counsel and Vice President of Administration. 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 measures to the most directly comparable GAAP measures are included in our earnings release. With that, I'll turn the call over to Scott.

Thanks, John, and good morning to everyone. During the third quarter, the company set records for both quarterly revenue and adjusted EBITDA. This was also our seventh consecutive quarter with adjusted EBITDA growth of over 10%. Results were strong across the board and highlighted the company's best-in-class margin and return profile. Some third-quarter highlights include revenue increased 8% sequentially to a company record $184 million, Adjusted EBITDA improved by 13% sequentially. Adjusted EBITDA margins were 34%, up 140 basis points versus the second quarter. We paid a quarterly dividend of 11 cents per share and increased our cash balance to $321 million. I now 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.