NV5 Global, Inc.

Good afternoon, everyone, and thank you for participating in today's conference call to discuss NB5's financial results for the third quarter 2022, ended October 1st, 2022. Joining us today are Dickerson Wright, Chairman and CEO of NB5, Edward Karaspody, CFO of NB5, and Richard Tong, Executive Vice President and General Counsel at NB5. I would now like to turn the call over to Richard Tong.

Thank you, Operator. Welcome, everyone, to NV5's third quarter 2022 earnings call. Before we proceed, I would like to notify all participants that today's presentation can be found on ir.nv5.com and remind everyone that today's discussion contains forward-looking statements about the company's future business and financial performance. These are based on management's current expectations and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these statements are included in today's presentation slides in our reports on file with the SEC. During this call, GAAP and non-GAAP financial measures will be discussed. A reconciliation between the two is available in today's earnings release and on the company's website at www.nv5.com. Please note that unless otherwise stated, all references to third quarter 2022 comparisons are being made against the third quarter of 2021. In this presentation, NB5 has included certain non-GAAP financial measures as defined in Regulation G promulgated under the Securities and Exchange Act of 1934 as amended. The non-GAAP financial measures included in this presentation are adjusted earnings per share, and adjusted EBITDA. NV5 provides non-GAAP financial measures to supplement GAAP measures as they provide additional insight into NV5's financial results. However, non-GAAP measures have limitations as analytical tools and should not be considered in isolation and are not in accordance or a substitute for GAAP. In addition, other companies may define non-GAAP measures differently which limits the ability of investors to compare non-GAAP measures of NB5 to those used by peer companies. A webcast replay of this call and its accompanying presentation are also available via the link provided in today's news release and on the Investors section of the company's website. You may also find today's presentation, which will be referenced during this call, on the Investors section of the company's website. We will begin with a call with comments from Dickerson Wright, Chairman and CEO of NV5, before turning the call over to Edward Kodaspody, Chief Financial Officer, for a review of the third quarter 2022 results. Dickerson Wright will then provide closing comments before we open the call to your questions. Dickerson, please go ahead.

Thank you, Richard, and thank you to everyone joining us for this call. For those of you that have gone to our investor website to view the NV5 Q3 earnings deck, let's now turn to slides five and six to discuss our third quarter business overview and financial results. We achieved growth in Q3 in all financial measurements. We delivered $204 million in gross revenues, which is a 10% increase and $36 million in adjusted EBITDA for the quarter, which is also an increase over the third quarter of 2021. Adjusted EPS grew 20% versus Q3 2021 and was $1.50 a share for the quarter. Although these record results were once again driven across all six verticals, we experienced exceptional organic growth in geospatial services and our building technology vertical. We were awarded significant contracts in the third quarter, and our backlog grew to 761 million, which will be a solid foundation for continued organic growth. Our M&A activity continues with numerous opportunities in the pipeline. We acquired KMK Technologies, which will strengthen our building technology vertical and solidify our service offerings in healthcare, hospitality, and convention center work. Turning to page six, let's discuss the position and strength of our core business. The services that NV5 provides are not solely dependent on economic cycles. The reliable delivery of energy through our increasing utility service offerings is ongoing, and investment in utility conversion from natural gas to LNG is also growing. Environmental health sciences has accelerated, partially due to Hurricane Ian, inflicted a physical and environmental damage and has required improvements to existing structures. Clean energy for buildings has been a significant growth engine for NV5 services as well. Energy efficiency has become what's expected by business owners and we see increased demand. Our construction defect or forensic work is growing and NV5 is also positioned there to be opportunistic. On page seven, we will provide an update on our geospatial services. We secured a record $99 million in new contracts during the third quarter for this service line, exceeding our prior record of $65 million. The services that we provide to federal and state government entities has grown 36% versus the same period in 2021. Offshore geospatial, including wind farm activities, has grown 256% since March of 2021. We are being opportunistic, which is evidenced by building and commissioning the construction of a specialized seagoing vessel to perform deepwater geospatial evaluations, which we anticipate will be in service and in use in 2023. The utility and commercial sector of this service are anticipated to be a driver of geospatial revenue through organic growth and continued integration of new services to the core business. Turning to page 8, we will discuss NV5's growth, which is sustainable both in revenue and earnings, and focus on four pillars of NV5 business model to ensure growth, enhance technology, drive merger and acquisition activity, and also add scalability and synergies. Let's go to page nine and discuss some of our key wins as referenced on this page. Public awards including the City of New York, which was $22 million to support park and educational facility improvements, $13 million from the U.S. Geological Survey to support wildfire mitigation, $8 million for utility service design and also $8 million in New York and North Carolina for transportation services. On the right side of the page, you'll see our backlots has grown in quarter three for a 12-month ongoing total of $761 million, which represents over 80% of our planned budget activity. I would also like to update our cross-selling through Q3 on page 10. As you know, cross-selling represents inter-office work for our 105 offices of NV5 that would otherwise have been given to sub-consults. You'll notice activity to date of 40.8 million, which represents new and historical wins. Since inception of the cross-selling program, we have brought 174 million of rewards in-house. Cross-selling also serves another purpose. It allows all of our offices to participate in the growth and profitability of the MB5 platform. We will now transition the presentation to our Chief Financial Officer, Ed Kodaspody, to provide an overview of our third quarter performance. Go ahead, Ed.