Good morning. Thank you for joining us today to discuss Consolidated Water Company's second quarter of 2023 results. Hosting the call today is the Chief Executive Officer of Consolidated Water Company, Rick McTaggart, and the company's Chief Financial Officer, David Sasnett. Following their remarks, we'll open the call to your questions. At any time during the call, you may join the question queue by pressing the star key, followed by 1 on your telephone keypad. To remove yourself from the queue, you may press star and 2. Before we conclude today's call, I'll provide some important cautions regarding forward-looking statements made by management during the call. I'd like to remind everyone that today's call is being recorded, and it will be made available for telecom replay per the instructions in yesterday's press release, which is available in the Investor Relations section of the company's website. Now, I'd like to turn the call over to Consolidated Water Company's CEO, Frederick McTaggart. Sir, please go ahead. Thank you, Joe. Good morning, everyone. Thanks for joining us today to discuss our results for the second quarter of 2023. It's extremely gratifying for me to mark the company's fiftieth anniversary this month by reporting record quarterly revenues and earnings. As you saw in our release issued yesterday, we reported a 110% increase in revenues to $44.2 million, with revenue up across all four of our business segments. Our top-line results reflect increased activity and output in all of our business segments. Our retail water segment benefited from a 14% increase in the volume of water sold in Grand Cayman. We attribute the sales increase to improved tourist activity on Grand Cayman as tourism on the island last year was lower than historical levels due to the lingering impact of the pandemic. Our services segment revenue increased by $19 million in the second quarter, with $17.6 million in revenue from our progress on the construction of the $82 million advanced water treatment plant in Goodyear, Arizona, that we announced in May of last year. Construction on that project is progressing as planned. We anticipate generating significant additional revenue until its construction, commissioning, and startup is completed in mid-2024. First, continued strong operating performance, revenue growth, and synergies with other areas of our business have significantly improved our top and bottom line. Its strong operational presence in the southwestern U.S., a region that urgently needs new fresh water sources due to unprecedented drought conditions, has positioned us for further growth in this important segment of our business. In June, we entered into the U.S. desalination market for the first time with a $204 million 20-year contract to design, build, operate, and maintain a seawater desalination plant in Oahu, Hawaii. In all, we secured more than $350 million in major multiyear projects over the last 18 months, which we expect will have a positive impact on earnings over the coming quarters. Before discussing more about these projects and our outlook for the rest of the year, I'd like to turn the call over to David, who will take us through the financial details for the quarter. David? Thanks, Rick, good morning, everyone. As Rick mentioned, revenue for the second quarter of this year totaled $44.2 million, which is up 110% when compared to the same quarter of last year. This increase was driven by revenue increases of $1 million in our retail segment, $19 million in our services segment, and $3 million in our manufacturing segment. Retail water revenue increased primarily due to a 14% increase in the volume of water we sold during the quarter. Our retail revenue also increased as a result of higher energy costs and increased the energy pass-through component of our water rates. The increase in our services segment revenue was due to an increase in plant design and construction revenue. As Rick mentioned, we recognized approximately $17.6 million in revenue in the second quarter of 2023 for the construction of the water treatment plant we discussed previously in Goodyear, Arizona. It's important to note that our segment results benefited this quarter from positive variance in actual construction costs for our design-build projects. These construction projects are originally estimated at a certain level of cost. What we've seen over the first year or so of the Liberty Utilities contract and other contracts, is that our actual construction costs are coming in a little bit less than our estimates, which allowed us to increase our profit recognition, and we got a nice bump this quarter. From the fact that we're doing better than expected, I think that's attributable to the quality of the people in our company that both budget these projects, then actually construct them. They've done a great job at lowering costs to a level that's a little bit lower than what we thought we'd incur for these projects. The revenue generated under our operations and maintenance contracts totaled $3.9 million in the second quarter this year. That's up 11% from the $3.5 million we recognized on OM contracts in the second quarter of 2022. We had an increase to our manufacturing segment revenue that was due to increased product production activity. Things have somewhat normalized in the supply chain there, and we're able to increase productivity of this segment. We're not having as many issues with obtaining raw materials. We still have some, and there's still some product delivery delays, but overall, conditions have improved for our manufacturing segment. Our gross profit for the second quarter of 2023 was $13.5 million, 30% of total revenue, is up 107% from the $7.5 million or 35.5% of total revenue that we recognized in the second quarter of last year. Net income from continuing operations attributable to stockholders for the second quarter, 2023, was $7.5 million, or $0.47 per diluted share, and this compares to net income of $2.7 million or $0.18 per diluted share for the second quarter of 2022. Net income attributable to Consolidated Water stockholders for the second quarter of 2003, which includes the results of discontinued operations, was $7.3 million, $0.46 per fully diluted share. This was up from net income of $2.3 million to $0.15 per fully diluted share for the same period last year. With respect to our balance sheet and our liquidity, we're still in excellent financial condition, very low debt. We have more than ample cash and liquidity. Matter of fact, cash and cash equivalents totaled $47.7 million as of the end of June of this year. Our working capital was $75.5 million. We had debt of only $300,000, and our stockholders' equity totaled, I think, very close to $170.3 million. Our as of June 30th, our projected liquidity requirements for 2003 include capital expenditures for existing operations of approximately $7.6 million. This includes $600,000 that we expect to incur to replace our West Bay and approximately $4.3 million for construction of the new Red Gate desalination plant on Grand Cayman. We paid approximately $6.6 million in dividends for the first six months of 2023. Of course, our future liquidity requirements may also include any potential future dividends that are declared by our board. With that, I'd like to turn the call back over to Rick. Thanks, David. We believe that our second quarter results affirm our growth strategy, which is to focus on the most water-stressed areas of the United States and the Caribbean and provide not only desalination solutions, but also advanced wastewater treatment and recycling solutions such as those provided by PERC in the U.S. Looking at our Caribbean seawater business, the revenue we recognized from the design and construction of the 2.6 million gallon per day Red Gate desalination plant for the Water Authority - Cayman, contributed to the year-over-year increase in services segment revenue. Construction of this project remains on track and is expected to be completed in early 2024. Cayman Water's new 1 million gallon per day West Bay desalination plant, which replaces a 30-year-old plant and supplements production capacity for our retail water business in Grand Cayman, is expected to go online next month in time to meet the higher retail water demand that we typically experience in Grand Cayman from mid-December to April, April of every year. In July, PERC began providing services under 2 new contracts in Southern California. The first is with the Department of Defense to operate and maintain wastewater treatment plants at Edwards Air Force Base in Kern County. This was won through competitive tender. The second is with the City of Avalon to operate and maintain the wastewater system on Catalina Island in California, which includes the wastewater treatment plant, the wastewater collection system, and the saltwater flushing supply system on the in the city. The Edwards Air Force Base contract began on July first. It continues for 1 year, with 4 one-year extensions, extensions exercisable at the option of the client. We expect PERC's revenue in the first year of this contract to total about $1.3 million from that contract. The Catalina Island contract also started on July first, will continue for 18 months, with extensions exercisable at the city's option, and we estimate PERC's revenues for the first 18 months from that contract will be about $2.1 million. We believe these wins highlight the world-class operational and asset management services that PERC provides, and they support our plans to further grow our business in the Western U.S. The engagement at Edwards is our second contract to operate wastewater plants for a military installation and represents another potential growth area for our business as the Department of Defense continues to focus on improving water security and efficiency. We believe the growth potential is very high for PERC. We are currently pursuing a number of design, build, and O&M contract opportunities in the Western US as well as new markets. Looking at our manufacturing business, during the quarter, we saw continued relief from supply chain constraints and challenging economic conditions, allowing us to advance more of our order backlog through the manufacturing and billing process. Over the last couple of years, we have diversified our manufacturing customer base in terms of customer concentration and types of products. We believe that this diversification will continue to improve our results and provide greater consistency in future manufacturing segment results.... This past quarter, we also saw more business return from our historically largest manufacturing customer, business that had been suspended over the past several years. Looking ahead, we expect more consistent results for our manufacturing business, and we see continued growth opportunities with our now much more diversified customer base. From our beginning, Consolidated Water has pursued a mission to provide state-of-the-art water services to areas of the world where water supply is scarce. Our dedicated team of engineers, builders and operators have long recognized that fresh water is the most precious resource in the world. Today, we produce more than 25 million gallons of potable water daily from our 11 seawater desalination plants, and we operate 27 wastewater treatment facilities. In the second quarter, we expanded our desalination footprint to the United States with the award of the $204 million contract to design, build and operate a seawater desalination plant in Oahu, Hawaii. The plant will be the 24th desalination plant that we have constructed worldwide. As our first desalination plant in the U.S., which is also under our longest term contract, this milestone win represents a significant affirmation of the world-class design, construction, and operational services that Consolidated Water provides. We believe winning this contract is due to our 50 years of experience designing, building, and operating some of, some of the world's most energy-efficient seawater desalination plants, as well as the exceptional project track record that our team was able to demonstrate to our client, the Board of Water Supply in Honolulu. We also believe that this entrance into the U.S. desalination plant market positions us well for other opportunities we are pursuing in the Western U.S. We see opportunities similar to Hawaii to grow our desalination business in the United States. For example, the South Coast Water District in Dana Point, California, just last week invited interested parties to qualify to bid for a 15-year design, build, operate, and maintain contract for a 5 million gallon per day seawater plant for the district in Dana Point. On the strategic front, we are presently pursuing two opportunities. If completed, the first would expand PERC Water's business into a new and rapidly growing market in the Western U.S. Also, we recently formed a partnership for the development and manufacture of membrane process technologies for use in industrial and mining water treatment applications, and we're currently pursuing opportunities in that sector. Our second quarter results demonstrate how we have effectively applied our financial and management expertise to grow PERC business exponentially. We believe that our success with PERC can be replicated with these two potential strategic transactions as well as with other future opportunities. We remain very optimistic about our growth in the future for numerous reasons. This includes the recovery of tourism in Grand Cayman and our construction projects underway there and in the U.S., as well as the increased project bidding activity we're seeing in the U.S. We also anticipate that the more than $360 million in major multi-year projects that we've secured over the last 18 months will have an increasing positive impact on our earnings in future quarters. We believe that our recent activities and successes and the current market trends represent strong drivers for continued growth, increasing profitability to further strengthening the s hareholder value. Now I'd like to open up the call for questions, Joe. We will now begin the question and answer session. To ask a question, you may press star then one on your telephone keypad. If you're using a speakerphone, please pick up your handset before pressing the keys. To withdraw a question, please press star then two. At this time, we will take our first question, which will come from Gerry Sweeney with ROTH Capital.. Please go ahead. Good morning, Rick and David. Thanks for taking my call. Good day. I got a few questions, but I'll, I'll limit it to a couple initially. On the strategic, on the strategic side, we talked about pursuing potential acquisitions of conflict, and one of them was strengthening PERC. Is that more of an acquisition to broaden the customer base, or is there other technology, other services that, that may bring to the table? It's, it's similar services to PERC, just a broader market, to market in, in the Western U.S. Got it. And staying with PERC, obviously, there's been a lot of activity. It's been a great acquisition for you. Could you maybe talk a little bit more what the pipeline looks like? Has it, you know, has it grown on a year, year-over-year basis? And what's the general activity and sort of RFP activity that's taken place? I mean, without getting too detailed, I mean, we're seeing new projects going to bid just about every month now, Gerry. I mean, there's, there's design-build projects for wastewater treatment plants. They're out for bid now that, you know, we're pursuing. There's O&M contracts that are being, you know, let, either already or, you know, major contracts that are coming up in the next few months. You know, there's obviously the Dana Point project that, you know, they just came out with the RFQ. I mean, that's been expected for a number of years, and that's right in PERC's backyard. A lot of that work would be, certainly the bidding work and that sort of thing, would be conducted through PERC. Yeah, honestly, I think things sort of broke loose after, you know, COVID dissipated, and there's a lot of pent-up work in this business in the Western U.S. Gotcha. Yeah, super helpful. Then maybe one or two more quick questions. On the Goodyear project, the $82 million project, it sounds as though you sort of hit a percentage-of-completion milestone. Can you give us a little bit more detail on how much of that contract still remains, of that $82 million still remains to be fulfilled or recognized? What would be sort of the cadence that would be recognized in the next couple of quarters? I'll take that, Rick. We've recognized... You can summarize exactly how much of the $82 million we've recognized. If you go back to last year's filings, actually the Form 10-K, then look at what we disclosed the first 2 quarters of this year. I think we're at about 40, a little over 40% of the contract recognized in terms of revenue. The majority of the remaining revenue will be recognized in the third and fourth quarters of this year. It won't be until mid-next year that we're totally completed with the project, but most of the revenue, most of the work will be finished in quarters three and four this year. Got it. You should see significant revenue recognition in those quarters, and then the, the revenue will start to decline in the, in the first and second quarters of next year. That's and so the, and I mentioned earlier, both with, with the, with the utilities contract and with another construction contract we have underway, you know, our, our costs to date have been a little bit less than our estimates. That's enabled us to overdue a catch-up adjustment. We don't, they don't do percentage-of-completion anymore. It's, it's actually called the input method. Yeah, the way it works is if, you adjust your estimates and based on the revised estimates, you have a team that could catch up adjustment. We had a bit of that adjustment this, this quarter. It's positive news because what we've seen to date is that we've done a really good job of controlling cost. Even in an inflationary environment where labor is very tight, we've managed to hold the cost for these two construction projects at or below our estimates. We're very encouraged by that. Yeah, that actually leads to my, the follow-up question. What was the impact that... I'm assuming I'm going to use the term, maybe it was a release of contingencies. What was the impact on, on the profitability, your gross margin, so whatever word? We've disclosed. We actually disclosed in our Form 10-Q. I believe the number is a little over $1.7 million, about $1.75 million of incremental gross profit and revenue. It had the impact of about $0.11 on our EPS for this quarter, into the bottom box, I believe. But even, even after you factor that out, you'll see that we had a, you know, very solid quarter in our services segment. It performed very well. That was, you know, we got additional benefit. I want to thank the people constructing our plan, our operations people are doing a very good job on both obtaining bids and controlling costs on those projects. Got it. I appreciate it, and, I'll jump back into you, and, thanks for giving me the details. Again, if you have a question or a follow-up, you may press star then one to join the queue. This time will pause momentarily to assemble our roster. All right, at this time, this concludes our question and answer session. I'd like to now turn the call back over to you, Mr. McTaggart. Sir, please go ahead. Thank you, Joe. On a final note, I'd like to invite everyone to watch us ring the Nasdaq opening bell on this Monday, the 14th of August, in celebration of our 50th anniversary, as well as our 28th year trading on Nasdaq. We'll be celebrating how we've grown from a small water utility in Grand Cayman to a multinational company with operations across the continental U.S., Hawaii, and the Caribbean. It's an exciting event for our team, who will be joining our Chairman, Wilbert Gandy, on the podium as he rings the opening bell. We just direct you to the press release we issued earlier this week for the webcast information. Thanks, everybody, for dialing in, and I look forward to speaking with you again in November. Joe, please go ahead and wrap up the call. Thank you. Ladies and gentlemen, before we conclude today's call, I would like to provide the company's stakeholder statement that includes cautions regarding forward-looking statements made during today's call. The information that we provide in this conference call includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the company's future revenue, future plans, objectives, expectations, and enhance assumptions and estimates. Forward-looking statements can be identified by the use of words or phrases, usually containing the words believe, estimate, project, intend, expect, should, will, or similar expressions. Statements that are not historical facts are based on the company's current expectations, beliefs, assumptions, estimates, forecasts, and projections on its business and the industry in which it's related to its business. Any forward-looking statements made during this conference call are not guarantees of future performance and involve certain risks, uncertainties, and assumptions, which are difficult to predict. Actual outcomes and results may differ materially from what is expressed in such forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, tourism and weather conditions in areas we serve, the economic, political, and social conditions of each country in which we conduct or plan to conduct business, our relationships with the government entities and other customers we serve. Regulatory matters, including resolution of the negotiations for the renewal of our retail license on Grand Cayman, our ability to successfully enter new markets and various other risks as detailed in the company's periodic reports filed with the SEC. For more information about risks and uncertainties associated with the company's business, please refer to the management's discussion and analysis of financial conditions or results of operations and risk factors sections of the company's SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports for Form 10-Q. Any forward-looking statements made during the conference call speak as of today's date. The company expressly disclaims any obligation or undertaking to update or revise any forward-looking statements made during the conference call to reflect any changes in its expectations with regard thereto or any changes in its events, conditions, or circumstances of which any forward-looking statement is based, except as required by law. Before we end today's conference call, I would now like to remind everyone that this call will be available for replay starting later this evening. Please refer to yesterday's earnings release for dial-in replay instructions available via the company's website at www.cwco.com. Thank you for attending today's presentation. This concludes the conference call. You may now disconnect your lines.