MYR Group, Inc.

Good morning, everyone, and welcome to the MYR Group fourth quarter and full year 2021 earnings results conference call. Today's conference is being recorded. At this time, for opening remarks and introductions, I would like to turn the conference over to David Gutierrez of Dresdner Corporate Services. Please go ahead, David.

Thank you, and good morning, everyone. I'd like to welcome you to the MYR Group conference call to discuss the company's fourth quarter earnings and full year results for 2021, which were reported yesterday. Joining us on today's call are Rick Schwartz, President and Chief Executive Officer. Betty Johnson, Senior Vice President and Chief Financial Officer. Todd Cooper, Senior Vice President and Chief Operating Officer of MYR Group's Transmission and Distribution segment. And Jeff Wanaka, Senior Vice President and Chief Operating Officer of MYR Group's Commercial and Industrial segment. If you did not receive yesterday's press release, please contact Dresdner Corporate Services at 312-726-3600 and we will send you a copy or go to the MYR Group website where a copy is available under the Investor Relations tab. Also, a replay of today's call will be available until Thursday, March 3, 2022 at 11 a.m. Mountain Time. Please call 855-859- or 404-537-3406 and enter conference ID 8097179. Before we begin, I want to remind you that this discussion may contain forward-looking statements. Any such statements are based upon information available to MYR Group's management as of this date, and MYR Group assumes no obligation to update any such forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual material results to differ materially from the forward-looking statements. Accordingly, these statements are no guarantee of future performance. These risks and uncertainties are discussed in the company's annual report on Form 10-K for the year ended December 31, 2021, and in yesterday's press release. Certain non-GAAP financial information will be discussed on the call today. A reconciliation of these non-GAAP measures to the most comparable GAAP measures is set forth in yesterday's press release. With that said, let me turn the call over to Rick Schwartz.

Thanks, David. Good morning, everyone. Welcome to our fourth quarter and full year 2021 conference call to discuss financial and operational results. I will begin by providing a summary of the fourth quarter and full year results, and then we'll turn the call over to Betty Johnson, our Chief Financial Officer, for a more detailed financial review. Following Betty's overview, Todd Cooper and Jeff Wanaka, Chief Operating Officers for our T&D and C&I segments, will provide a summary of our segment's performance and discuss some of our MRR Group's opportunities going forward. I will conclude today's call with some closing remarks and open the call up for your questions. We finished 2021 with strong financial performance in the fourth quarter and full-year revenues of $2.5 billion. setting a record high for the seventh consecutive year. Our backlog of $1.79 billion at the end of 2021 reflects continued investment in infrastructure and energy projects and positions us well for the year ahead. Our accomplishments this year reflect both our organizational and operational resilience and the strength of our long-lasting relationships and multi-year service agreements. Trends in the energy market point to continued investment in clean energy and improving grid resiliency. We believe this positions us well for success in 2022. Our CNI segment continues to be fueled by investments in infrastructure to support clean energy, healthcare, high-tech manufacturing, data centers, and water wastewater treatment facilities. Our T&D segment continues to execute transmission, distribution, substation, and clean energy projects of varied size, location, and capacity. We continue to grow our business through both organic growth and acquisitions. Our recent purchase of the power line companies headquartered in Toronto extends our presence into eastern Canada and enhances our abilities to capture and execute new projects in a new geography. We are uniquely positioned to offer our clients comprehensive solutions for a broad range of complex projects. We continually leverage the ingenuity and passion of our team members to elevate the safety, quality, and cost competitiveness of our project delivery. We believe MYR Group is well positioned to maintain our status as an industry leader, and we are proud of our fourth quarter and 2021 full-year performance. which we expect to serve as a solid foundation for future growth opportunities and continued stockholder value. Now, Betty will provide details on our fourth quarter and full year 2021 financial results.