Greetings, and welcome to the L.B. Foster Third Quarter 2017 Results Conference Call. Due to some technical complications with global newswire, the issuance of our press release was delayed. We ask that you access our third quarter press release on the Investor Relations section of the company's website lbfoster.com. The company has filed its press release with the Securities and Exchange Commission on Form 8-K. This filing can also be accessed at sec.gov. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Judy Balog, Manager of Investor Relations. Thank you, Judy. You may begin.

Thank you. Good evening, ladies and gentlemen. Thank you for joining us for L.B. Foster Company's earnings conference call to review the company's third quarter 2017 operating results, and 2017 fourth quarter and full year outlook. My name is Judy Balog, and I am the Investor Relations Manager of L.B. Foster. Hosting the call today is Mr. Robert Bauer, L.B. Foster's President and CEO. Also on the call is Mr. James Maloney, L.B. Foster's CFO and Treasurer. In addition to our press release, we have a third quarter presentation on our website under the Investor Relations tab, for those who have online access. This evening, Jim will review the company's third quarter financial results. Afterward, Bob will review the company's third quarter performance, provide an update on significant business issues and market developments and discuss fourth quarter and full year outlook. We will then open this session for questions. During today's call, our commentary and responses to your questions may contain forward-looking statements, including items, such as the company's outlook for our businesses and markets, cash flows, margins, operating costs, capital expenditures and other key business metrics, issues and projections. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from statements we make today. These forward-looking statements reflect our opinions only as of the date of this presentation and we undertake no obligation to revise or publicly release the results of any revisions to these statements in light of new information, except as required by securities laws. All participants are encouraged to refer to L.B. Foster's annual report on Form 10-K for the year ended December 31, 2016, as updated by subsequent items filed with the Securities and Exchange Commission, for additional information regarding risk factors that may affect our results. In addition to the results provided, in accordance with United States generally accepted accounting principles, our commentary includes non-GAAP EBITDA and adjusted EBITDA, and certain other metrics where we have added back the effect of impairment charges. Reconciliation of U.S. GAAP to non-GAAP measurements have been included within the company's 8-K filing. Statements referring to EBITDA, adjusted EBITDA as well as certain measures, excluding the impairment charges, are considered non-GAAP measures, and while they are not intended to replace the presentation of our financial results in accordance with GAAP, the company believes that the presentation of these measures provides additional meaningful information for investors to facilitate the comparison of past, present and forecasted operating results. Our accompanying earnings presentation reconciles these non-GAAP measures to the corresponding GAAP measures. With that, we will commence our financial review discussion and I will turn it over to Jim.

Thank you, Judy. Net sales for the 2017 third quarter were $131.5 million compared to $114.6 million in the prior quarter, an increase of $16.8 million or 14.7%. The 14.7% third quarter sales increase was due to improvements across all 3 segments, led by a 32.3% increase in our Tubular and Energy Services segment, with the Construction Products segment increasing 12.2% and our Rail Products and Services segment increasing 9.1%. The Tubular and Energy Services sales increase of $7.4 million or 32.3%, was driven by substantial improvement in both our upstream Test and Inspection division as well as our midstream Protective Coatings division. This growth was partially offset by precision measurement system sales, which declined in the quarter. Our third quarter Construction segment sales improved from the prior year by $4.2 million or 12.2%, both our Fabricated Bridge and Precast Concrete Products division drove year-over-year improvement with Fabricated Bridge sales increasing by 106.8% and Precast Concrete Product sales increasing by 8.6%. The Rail sales improvement of $5.2 million or 9.1% was led by our domestic Rail Products and Rail Technology businesses. Our domestic Rail businesses saw a 13.8% increase led by Rail Distribution in Allegheny Rail Products. Rail Technologies sales increased year-over-year at both our European and North American divisions. As a percent of third quarter 2017 sales, Rail accounted for 47.2%, Construction was 29.7% and Tubular and Energy Services was 23.1%. Now looking at gross profit. Our consolidated third quarter 2017 gross profit margin was 20.1%, an increase of 280 basis points from the prior year quarter, with improvements in each of our 3 segments. Tubular gross profit margin improved significantly by over 1,800 basis points. Construction saw an improvement of 290 basis points, while Rail gross profit margin increased 80 basis points. The Tubular and Energy Services gross…

Thank you, Jim. Welcome to everyone on the phone. We appreciate you joining us today. There are a number of highlights to our third quarter results that I'm going to go through. Orders through 3/4 of the year and the September ending backlog currently stand out among them, as does operating cash flow through 9 months. While we didn't generate cash in Q3, as a result of inventory needed to service the backlog, our operating cash flow after 3 quarters is very strong and we've made meaningful progress toward debt reduction this year. The order entry strength in the third quarter was driven by solid demand in the Rail and Tubular and Energy segments, the 31% increase in orders year-over-year for the quarter helped boost the year-to-date bookings growth rate to over 18%. We are seeing continued strengthening in a number of our end markets compared to the prior year, and in the case of the North American freight rail market, there is a shift in spending toward the Products and Services we provide, that's driving some of our growth. In the Tubular and Energy Services segment, where bookings increased 97% in the quarter, we continued to see rising demand from the energy markets we serve. Test and Inspection Services for upstream applications have increased every quarter in 2017, where bookings and sales have more than doubled in the third quarter and year-to-date. And the midstream market recovery, which tends to lag the upstream recovery, has strengthened considerably as orders for Protective Coating of line pipe and measurement solutions for oil and gas pipeline applications were both more than double the third quarter of last year. In our Rail segment, new orders were up 45% in Q3. New Rail, transit projects and Rail Technologies, all drove a good portion of…

[Operator Instructions]. There are no questions at this time. I'd like to turn the call back to management for closing comments.

Okay, well good. Well, thank you, operator. We appreciate everyone listening in today. Hopefully, you found our press release on our website distributed through the 8-K, apparently, the global wire service had a bit of trouble getting these out. But I'm sure you'll be able to find it through a number of means that we distributed it, it delayed our call for a few minutes. But with that, again, we'll thank you for listening in today. And we look forward to talking with you next quarter. So, long.

This concludes today's teleconference. You may disconnect your lines at this time. Thank you for your participation.