MYR Group, Inc.

Good morning, everyone, and welcome to the MYR Group Third Quarter 2023 Earnings Results Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. 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, 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 third quarter results for 2023, which were reported 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 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 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 An 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 31, 2022. the company's quarterly report on Form 10-Q for the third 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 third quarter 2023 conference call to discuss financial and operational results. I will begin by providing a summary of the third 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 of our T&D and C&I 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. The strength of our long-term customer relationships and a strong market position resulted in a steady third quarter performance. Our teams continue to execute projects with operational excellence and expand existing client relationships through master service and alliance agreements across our districts. Bidding activity remains healthy as we strategically pursue and capture new opportunities that position us for potential future growth. A growing demand for electrification, a continued emphasis on the clean energy sources, and a focus on grid modernization and hardening continue to be strong market drivers and could present opportunities for consistent success across our business. The 2023 North American electric transmission forecast released in September by the C3 Group, indicates a strong potential for healthy growth moving forward as electricity demand continues to increase across the country. The report projects $172 billion of spending on new transmission or upgrades over the next five years from the top 20 investor-owned utilities. Carbon reduction goals and clean energy targets are other potential spend drivers in the T&D market. We continue to track these major transmission expansion projects and clean energy initiatives that may lead to future work opportunities and growth, while remaining committed to executing existing projects for our valued customers. In our CNI segment, industrial spend projections are positive in our key markets, such as data centers, health care, transportation, and manufacturing. Even as the overall commercial market are forecasted to slow down into 2024. By expanding existing relationships with our preferred clients and strategically bidding and expanding work in our chosen markets, we continue to experience a steady backlog of work and could see potential growth moving forward. The commitment and solution-orientated mindset of our people allows us to remain at the forefront of the industry and provide our clients with excellent service and customer experience. backed by safe and reliable execution. Our steady third quarter performance is a result of their tireless efforts, and I would like to thank them for their fostering our strong culture. Now, Kelly will provide details on our third quarter 2023 financial results.