MYR Group, Inc.

Hello, and thank you for standing by. Welcome to MYR Group's second quarter 2023 earnings results conference call. At this time, all participants are in a listen-only mode. Today's conference is being recorded. After the speaker's presentation, there will be a question and answer session. To ask the question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. At this time for opening remarks and introductions, I would now like to turn the conference over to David Gutierrez of Dresdner Corporate Services. Sir, please go ahead.

Thank you, and good morning, everyone. I'd like to welcome you to the MYR group conference call to discuss the company's second quarter results for 2023, which were recorded yesterday. Joining us on today's call are Rick Schwartz, President and Chief Executive Officer, Kelly Huntington, 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 Don Egan, 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 Fresno 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 conference 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 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 31st, 2022, the company's quarterly report on Form 10-Q for second quarter of 2023, 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 second quarter 2023 conference call to discuss financial and operational results. I will begin by providing a summary of the second quarter results, and then we'll turn the call over to Kelly Huntington, our Chief Financial Officer, for a more detailed financial review. Following Kelly's overview, Todd Cooper and Don Egan Chief Operating Officers for our T&D and CNI segments, will provide a summary of our segment's performance and discuss some of MYR Group's opportunities going forward. I will then conclude today's call with some closing remarks and open the call up for your questions. A solid second quarter performance resulted from our strong market position, healthy backlog, and operational excellence. We continue to see quality bidding opportunities across the organization and strategically pursue new work while maintaining and expanding relationships with our existing valued customers. The country's need for and investment in a more robust electrical infrastructure, along with continued shift to clean energy sources, present ongoing opportunities for growth. Earlier this year, we surveyed executives of our utility clients to collect data to supplement our business strategy and planning in the T&D segment. Insights based on the answers from those executives indicate that new transmission build is the number one investment planned over the next five years. This growing investment by our clients seeks to meet the higher demand for electricity around the country. In fact, the percentage of participants in our survey who view low demand as a high priority nearly doubled since our 2021 survey. In our CNI segment, clean energy continues to present itself as a potential growth driver, as we see numerous large electric vehicle charging station and solar project opportunities across the U.S. Our chosen core markets of healthcare, data centers, manufacturing, and transportation also contribute to our solid backlog of work and create steady bidding opportunities. As always, our greatest strength lies within our talented and dedicated employees. We continue to develop and empower our teams to reach their highest potential as we grow our company. Our team members strive to provide customers with excellence in safety and project delivery while helping them achieve their business goals. Now, Kelly will provide details on our second quarter 2023 financial results.