MYR Group, Inc.

Good morning, everyone, and welcome to the NYR Group Second Quarter 2025 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 this 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. Please be advised that today's conference is being recorded. I would now like to hand the conference over to Jennifer Harper, NYR Group's Vice President of Investor Relations and Treasurer. Please go ahead, Jennifer.

Thank you, and good morning, everyone. I would like to welcome you to the NYR Group conference call to discuss the company's second quarter results for 2025, which were reported yesterday. Joining us on today's call are Rick Swartz, president and chief executive officer, Kelly Huntington, senior vice president and chief financial officer, Brian Stern, senior vice president and chief operating officer of NYR Group's transmission and distribution segment, and Don Egan, senior vice president and chief operating officer of NYR Group's commercial and industrial segment. A copy of yesterday's press release is available on the NYR Group website at myrgroup.com under the investors tab. A webcast replay of today's call will be available on the website for seven days following the call. 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 NYR Group's management. As of this date, an NYR 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 10K for the year end of December 31, 2024, the company's quarterly report on Form 10Q for the second quarter of 2025, and in yesterday's press release. We also present certain non-GAAP financial measures. A reconciliation of these non-GAAP measures to the most comparable GAAP measures is set forth in yesterday's press release. With that, let me turn the call over to Rick Fort.

Thanks, Jennifer. Good morning, everyone. Welcome to our second quarter 2025 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 detailed financial review. Following Kelly's overview, Brian Stern 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 MWR 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 steady second quarter performance resulted from the strength of our long-term customer relationships, operational consistency, and strong market presence. We were awarded several master service agreements, further expanding existing relationships with key customers while safely performing ongoing work around the US and Canada. We also captured additional projects in our chosen core markets, further solidifying our market position, and continue to strategically pursue new opportunities. Across both business segments, bidding activity remains healthy, driven by the demand for electricity and reliable, resilient infrastructure, as well as the increasing prominence of modern technologies such as artificial intelligence. Emphasis on grid modernization and hardening continue to be strong market drivers and could present opportunities for consistent success across our business. As always, our focus remains on collaborating closely with our customers in an open and trusting partnership while delivering safe, quality, and consistent on-time results in this dynamic energy landscape. Overall, the increased electrification and investments being made in the electrical infrastructure are encouraging and highlight why we believe our chosen markets are poised for ongoing success for years to come. Now, Kelly will provide details on our second quarter of 2025 financial results.