Information Services Corporation

Good day and thank you for standing by. Welcome to the ISC Third Quarter 2021 Earnings Conference Call and Webcast. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. If you require further assistance during the conference, please press star zero. I would now like to hand the conference over to your speaker today, Jonathan Hakcho. Senior Director, Investor Relations and Capital Markets. Thank you. Please go ahead.

Thank you, Gail, and good morning, ladies and gentlemen. Welcome to ISE's conference call for the quarter ended September 30th, 2021. On the call today are Jeff Stusik, President and CEO, and Sean Peters, Executive Vice President and Chief Financial Officer. Jeff will provide some opening comments about the quarter. This will be followed by a review of operational and financial results for the quarter by Sean. Jeff will then make some closing remarks before we open the call up for the question and answer session. Before we begin, we would like to remind everyone that we will only be summarizing results today. ISCs and audited, condensed, consolidated interim financial statements and notes and management's discussion and analysis for the period ended September 30th, 2021 have been filed on CDAR and are also available in the investor relations section on our website under financial reports. We encourage you to review those reports in their entirety. I would also like to remind you that any statements made today that are not historical facts are considered to be forward-looking statements within the meaning of applicable securities laws. The statements may involve a number of risks and uncertainties that are described in detail in the company's CEDAR filings, in particular in ISC's annual information form for the year ended December 31, 2020, and ISC's unaudited condensed consolidated interim financial statements and notes, and management's discussion and analysis for the three and nine months ended September 30, 2021. Those risks and uncertainties may cause actual results to differ materially from those stated. Today's comments are made as of today's date and will not be updated except as required under applicable securities legislation. Today's conference call is being broadcast live over the Internet and will be archived for replay shortly after the call on the investor relations section of our website.

I will now hand the call over to Jeff. Thank you, Jonathan, and good morning to everyone joining us for today's call. IAC continued to deliver strong results in the third quarter of 2021, fueled by robust economic activity in the markets in which we operate. Our registry operations segment has been driven by a strong Saskatchewan real estate sector, resulting in increased transaction levels and additional high-value transactions in the land registry. In services, we saw an increased volume and transactions in the third quarter and year-to-date, a combination of favorable economic conditions and continued organic growth across our product lines, and a full quarter of Recovery Solutions results. We remain focused on the acquisition and onboarding of new customers, particularly with our new cloud-based Registry Complete software. Our technology solutions segment continues to be the most affected by COVID-19, which has impacted our progress on active projects and the commencement of potential new opportunities as governments around the world have been responding to the pandemic. However, in all of our segments, our customer-oriented approach and strong reputation are key factors in our achievements both for the quarter as well as year-to-date. During the quarter, our Board of Directors announced an increase to our annual dividend from $0.80 to $0.92. As many of you know, our dividend was established at the time of our IPO in July of 2013. Since then, we've been busy growing ISE to what it is today. The board's decision to increase the dividend reflects the strength of the company's current business and reaffirms ISE's commitment to continue to reward shareholders as we grow. In addition, we have also amended and extended our credit facility during the quarter to make sure we're well positioned to support the needs of our existing business as well as simplify the pricing structure. And with that, I'll ask Sean to summarize our financial and operating performance for the quarter.