received recognition in the industry, including awards for innovation and customer satisfaction. This external validation reinforces our belief in the strength of our offerings and the dedication of our team.
Looking ahead, we are focused on driving innovation and addressing critical water needs globally. We are committed to streamlining costs and optimizing our operations to improve efficiency and profitability. Our strong balance sheet and liquidity position enable us to pursue growth opportunities, including potential mergers and acquisitions. We are confident in our ability to navigate market uncertainties and continue delivering value to our shareholders.
In conclusion, while the third quarter presented some challenges, Franklin Electric remains well-positioned for future growth and success. We are optimistic about our prospects in 2025 and beyond, and we are dedicated to delivering superior products and service to our customers. Thank you for your continued support, and we look forward to updating you on our progress in the coming quarters.
Jeff Taylor: Thank you, Joe, for those insightful remarks. I will now provide a detailed overview of our financial performance for the third quarter of 2024.
[The call continues with Jeff Taylor providing financial details, including sales figures, gross profit margin, operating income, earnings per share, and guidance for the full year. The call concludes with a question and answer session.]
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