Construction Partners, Inc.

Greetings and welcome to the Construction Partners fourth quarter fiscal year 2020 results call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Rick Black, Investor Relations for Construction Partners. Thank you. You may begin.

Thank you, operator, and good morning, everyone. We appreciate you joining us for the Construction Partners conference call to review fourth quarter and fiscal year 2020 results. This call is also being webcast and can be accessed through the audio link on the events and presentations page of the investor relations section of constructionpartners.net. Information recorded on this call speaks only as of today, December 11, 2020, so please be advised that any time-sensitive information may no longer be accurate as of the date of any replay. I would also like to remind you that the statements made in today's discussion that are not historical facts, including statements or expectations of future events or future financial performance, are considered forward-looking statements made pursuant to the Safe Harbors Provision Act of the Private Securities Litigation Reform Act of 1995. We will be making forward-looking statements as part of today's call that by their nature are uncertain and outside of the company's control. Actual results may differ materially. Please refer to the earnings press release that was issued this morning for our disclosures on forward-looking statements. These factors, as well as other risks and uncertainties, are described in detail in the company's filings with the Securities and Exchange Commission. Management will refer to non-GAAP measures today including adjusted EBITDA. Reconciliations to the nearest gap measures can be found at the end of our earnings press release. Construction Partners assumes no obligation to publicly update or revise any forward-looking statements. And now I would like to turn the call over to Construction Partners CEO, Charles Owens. Charles?

Thank you, Rick, and good morning, everyone. With me on the call today are Jewel Smith, our Chief Operating Officer, Alan Palmer, our Chief Financial Officer, and Ned Fleming, our Executive Chairman. We are pleased with our strong physical 2020 profitability. These results were driven primarily by disciplined project productivity and bidding, effective utilization of crews and equipment, vertically integrated synergies, and lower cost of fuel. While we face challenges in 2020 primarily from the global pandemic, I am extremely proud of our organization's response and our people-focused culture during this tough year. As an essential business during this pandemic, our leadership team, managers, and employees adapted and overcame many challenges while continuing to execute on our strategy and deliver great results. Heading into fiscal year 2021, our organization is well positioned for organic and acquisitive growth. We see strength in state funding programs across our geographic footprint where the demand for road repairs and maintenance work remains constant. Over the past 10 months, we have acquired 13 hot mix asphalt plants, and we now operate 46 hot mix asphalt plants company-wide. In addition, we continue to have many conversations both in our existing states and adjacent states regarding future acquisition opportunities. From a federal infrastructure funding perspective, we remain optimistic that a new bill could get passed in 2021. We are confident that our nation's infrastructure will continue to be a primary focus for our country to improve and maintain the safety of the traveling public and economic development. Beyond these positive external factors, we are also very pleased with the transition over the past several months with the promotion of Jewel Smith to Chief Operating Officer. As a former owner, Jewel led our Fred Smith Company subsidiary for nearly a decade before becoming COO. He is now effectively driving the continued development of the organization and overseeing day-to-day operations. He has also taken a lead in executing our recent acquisitions and their successful integration into the CPI organization. It is clear that Jules' leadership, experience, and vision are positively impacting our company. Finally, Based on our current backlog and near-term visibility of the business, we are pleased with our outlook for fiscal 2021, which indicates strong growth for CPI in the coming year. Before turning the call over to Jewel, I'd like to thank our leadership team and approximately 2,500 employees for their commitment, dedication, and hard work that enables us to successfully execute our strategy. I'll now turn the call over to Jewel to talk about our recent acquisitions and to comment on operations. Jewel. Thank you, Charles.