NV5 Global, Inc.

Good afternoon, everyone, and thank you for participating in today's conference call to discuss NV5's financial results for the third quarter 2024, ended in July 29, 2024. Joining us today are Dickerson Wright, Executive Chairman of NV5, Edward Godespotti, CFO of NV5, Alex Hockman, CEO of NV5, Infrastructure, Ben Herrod, CEO of NV5 Buildings and Technology, Kurt Allen, Senior Vice President Geospatial at NV5, and Richard Tong, Executive Vice President and General Counsel at NV5. I would now like to turn the call over to Richard Tong.

Thank you, Operator. Welcome, everyone, to NV5's third quarter 2024 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 that differ materially from these statements are included in today's presentation slides and 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 2024 comparisons are being made against the third quarter of 2023. In this presentation, NV5 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 NV5 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 on the investor section of the company's website. We will begin the call with comments from Dickerson Wright, Executive Chairman of NV5, before turning the call over to Edward Kodespody, Chief Financial Officer for a review of the third quarter 2024 results. Dickerson Wright will then provide closing comments before we open the call for your questions. Dickerson, please go ahead. Thank you, Richard.

And we wish to thank everyone joining us for this call. Let's turn to page four of the presentation where we provide our record performance for quarter three of this year. We will use as a comparison the same period of quarter three in 2023. You will see we had organic growth that increased by 6%. Our gross profit increased 13% and net income showed an increase of 31%. We also had an increase of 21% in adjusted EBITDA and delivered increased profitability with an 18% adjusted EBITDA margin in the quarter. Our backlog of $914 million gives us confidence that we will achieve our goal of $1 billion of revenue and run rate by the end of this year. We will be providing a new target in 2025 that will create even more growth and opportunities. How did we achieve these record results? And what does the future hold for us? As you know, our business consists of three segments supported by our six service verticals. Those three segments are infrastructure, geospatial, and buildings and technology. Let's listen to the progress and growth of these segments. Let's begin with Alex Hockman, who leads our infrastructure vertical. Alex?