diff --git a/ludwig/globals.py b/ludwig/globals.py
index cc4ac92976d..230cd8e573f 100644
--- a/ludwig/globals.py
+++ b/ludwig/globals.py
@@ -15,7 +15,7 @@
 # limitations under the License.
 # ==============================================================================
 
-LUDWIG_VERSION = '0.3.2-dev1'
+LUDWIG_VERSION = '0.3.2'
 
 MODEL_WEIGHTS_FILE_NAME = 'model_weights'
 MODEL_HYPERPARAMETERS_FILE_NAME = 'model_hyperparameters.json'
diff --git a/setup.py b/setup.py
index 2c455da119b..25eeb8a7079 100644
--- a/setup.py
+++ b/setup.py
@@ -48,7 +48,7 @@
 
 setup(
     name='ludwig',
-    version='0.3.2-dev1',
+    version='0.3.2',
 
     description='A deep learning experimentation toolbox',
     long_description=long_description,