MYR Group, Inc.

Good morning, everyone, and welcome to the MYR Group fourth quarter and full year 2022 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 Dressner 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 and full year results for 2022, 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 segments, 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 Dresden 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 webcast replay of today's call will be available for seven days on the Investors page of the MYR Group website at myrgroup.com. 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 results to differ material 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, 2022, and in yesterday's press release. Certain non-GAAP financial information will be discussed on the call today. The 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 2022 conference call to discuss financial and operational results. I will begin by providing a summary of our 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 MRR Group's opportunities going forward. I will then conclude the call with some closing remarks and open the call up for your questions. We finished 2022 with strong financial performance in the fourth quarter and full-year revenues of $3 billion, setting a record high for the eighth consecutive year. Our backlog of $2.5 billion at the end of 2022 also represented a record high and reflects continued investment in infrastructure and the growing demand for clean energy transformation projects. Serving as a strong and nimble partner for our clients, we continue to expand our customer relationships through alliance agreements and master service agreements across our districts, while seeing healthy bidding activity to capture new work. The 2023 construction outlook released in January by the Dodge Construction Network projects an 8% expansion in power and utility spending, up to $56.4 billion this year as demand on our nation's electrical infrastructure increases and the need for viable clean energy sources grows. We continue to track these opportunities and seek to intelligently bid and execute projects to position us for future success. Similarly, our CNI segment continues to execute a solid pipeline of work supported by strong relationships with our preferred clients and a demand for clean energy sources and integration. Working closely with our clients on pre-construction planning and project approach help us to mitigate and navigate potential hurdles. Our core markets, including data centers, healthcare, and transportation, continue to provide steady opportunity. Expansion of our client relationships, a commitment to the safety, training, and development of our dedicated employees, and superior execution of projects created the foundation for our accomplishments this year. An increasing need for grid modernization, system hardening, and reliability, as well as decarbonization goals and legislative funding are the primary drivers we believe will continue to create numerous opportunities. MYR Group plays a key role in building the critical infrastructure needed to support the clean energy transformation and improving the electrical system, positioning us well for 2023 and beyond. Now, Betty will provide details on our fourth quarter and full year 2022 financial results.