This works even if the pdf is password protected with a user password (instead of an owner password), but you must have the password. It won't recover the password, just decrypt it.
- Download pdfcrypt1.0.zip from http://soft.rubypdf.com/software/pdfcrypt
- Put the encrypted pdf in the same directory as pdfcrypt.exe (and rename it to something w/o spaces like enc.pdf)
- Execute
.\pdfcrypt.exe enc.pdf output.pdf decrypt [password]
which will decrypt the pdf to output.pdf.