speaker
Conference Operator
Operator

Thank you for standing by. This is the conference operator. Welcome to the DIRT Environmental Solutions Third Quarter 2023 Financial Results Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. I would now like to turn the conference over to Shawna Mason, Director of Corporate Affairs. Please go ahead.

speaker
Shawna Mason
Director of Corporate Affairs

Thank you, operator, and good morning, everyone. Welcome to today's call to discuss DIRT's third quarter 2023 results. Joining me on the call today will be Benjamin Urban, CEO, and Faria Khan, CFO. Today's call will include forward-looking statements within the meaning of applicable Canadian and United States security laws. These statements are based on the company's current intent, expectations, and projections. They are not guarantees of future performance. In addition, this call will reference non-GAAP results, excluding special items. Please reference our Form 10-Q as filed on November 9, 2023, with the Securities and Exchange Commission, or SEC, and other report filings with the SEC for information regarding forward-looking statements and reconciliations of non-GAAP results to GAAP results. I will also remind you that this webcast is being recorded and a replay will be available early next week. I now turn the call over to Benjamin.

speaker
Benjamin Urban
Chief Executive Officer

Thank you Shauna and good morning everyone. A sincere thank you to all of our team members at DIRD as well as our valued construction partners and clients for all their hard work during our seasonally strongest quarter. I would like to share a few highlights from our team for the quarter. Our technology business continues to expand our partnership with Armstrong World Industries, as well as further our internal ICE software development progress. I'm proud to share that through partner consultation and independent market research, DIRT's product management, product development, and software development teams aligned for the first time on a coordinated go-to-market strategy that resulted in the release of three new products to market in the third quarter. In our relentless pursuit of safety excellence, we continue in our journey to zero recordable incidents and maintaining our position as a world-class leader in safety performance. As mentioned in our last call, DIRT was one of 12 companies nominated by Canadian Occupational Safety as a 2023 Excellence Awardee. We are excited to share that our Director of Health, Safety, and Environment, Ian Opelik, was selected as Canada's Safety Leader of the Year. We continue to relentlessly focus on quality. During the third quarter, we saw a 36% improvement from prior year in our external defects per million dollars of revenue. Also, our on-time performance during the third quarter was 98%, a major improvement from the 88% on-time performance during the third quarter of last year. We are grateful for our clients, partners, and hardworking employees for their dedication and hard work. With that, I'll hand it over to Faria to share some more about our financial results.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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