Cactus, Inc.

Good day and thank you for standing by. Welcome to the Cactus Inc. Quarter 3 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 1-1 on your telephone. You will then hear an automated message advising that your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Alan Boyd, who is Director of Corporate Development and Investor Relations. Please stand by. Thank you.

Go ahead. Thank you, and good morning. We appreciate you joining us on today's call. Our speakers will be Scott Bender, our Chairman and Chief Executive Officer, and Steve Tadlock, our Chief Financial Officer and CEO of FlexDeal. Also joining us today are Joel Bender, President Stephen Bender, Chief Operating Officer, and Will Marsh, our General Counsel. 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, Alan, and good morning to everyone. We were pleased with the company's execution in the third quarter and encouraged by October's preliminary results, despite the declines in the U.S. land rig count during the period. As expected, pressure control revenues decreased quarter over quarter, while spoolable technologies revenues remained relatively flat. Both segment sales outperformed the reduced activity levels, once again reflecting our value proposition. Some third quarter total company highlights include revenue of $288 million, adjusted EBITDA of $103 million, adjusted EBITDA margins of 35.8%. We paid a quarterly dividend of $0.12 per share. And as previously announced, we're pleased to have no bank debt after repaying the last of the $155 million of debt raised to finance the FlexDeal acquisition earlier in the quarter. And I'll turn the call over to Steve Tadlock, our CFO and CEO of Flexsteel, 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?