Cactus, Inc.

Good day and thank you for standing by and welcome to the Cactus Q4 2024 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 your hand is raised. So if there are questions, please press star 1-1 again. And please be advised that today's conference is being recorded. I would now like to hand the conference over to your 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. As we concluded 2024, our business continued to outperform with revenue and earnings performance for the full year outpacing industry activity levels that have been softening for the past two. Our organization's performance continues to demonstrate the inherent characteristics that make Cactus one of the most resilient and high-return oilfield service businesses, including a low fixed cost base and a flexible supply chain, a relentless focus on safety, cost control, and execution for our customers, and offering differentiated efficiency enhancing and highly engineered products and services. We finished the year with solid margin performance in both segments, despite fourth quarter revenue declines due primarily to seasonality. Fourth quarter total company highlights include revenue of $272 million, adjusted EBITDA of $93 million, adjusted EBITDA margins of 34.1%, We paid a quarterly dividend of $0.13 per share, and we increased our cash balance to $343 million. I'll now turn the call over to Jay Nutt, our CFO, who will review our financial results. And following his remarks, I'll provide some thoughts on our outlook for the near term before opening the lines for Q&A. So Jay?