Cactus, Inc.

Good day, and thank you for standing by. Welcome to the Cactus Quarter 2 2024 earnings call. At this time, all participants are in the 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, one, one, or your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. We suggest that you please limit yourself to one question and one follow-up question. 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, Director of Corporate Development and Investor Relations. Please 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 Jay Nutt, our Chief Financial Officer. Also joining us today are Joel Bender, President, Stephen Bender, Chief Operating Officer, Steve Tadlock, CEO of FlexDeal, 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'll turn the call over to Scott.

Thanks, Alan, and good morning to everyone. I'm pleased to report that revenues and margins in both of our segments improved despite year-to-date declines in our industry's North American land activity. I'm very proud of our associates' continued commitment to customer execution that's led to this consistent record of outperformance. Some second quarter total company highlights include revenue of $290 million adjusted EBITDA of $104 million, adjusted EBITDA margin of 35.7%. We increased our cash balance to $247 million. And yesterday, we announced that our board approved an 8% increase in the quarterly dividend to $0.13 per share. Before we move into the financial review, I'd like to take this opportunity to formally introduce the newest member of our leadership team, Jay Nutt. Jay joined us as chief financial officer in June and has immediately brought value and helpful perspective to our company given his extensive global financial leadership experience. We're delighted to have him. I'd also like to thank Al Keefer for his outstanding service as interim CFO these past few months. I'll now turn the call over to Jay, 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. So, Jay.