BrightView Holdings, Inc.

Greetings and welcome to the Brightview Q3 Fiscal 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If you would like to ask a question, then please press the star followed by one on your telephone keypad. As a reminder, this conference call is being recorded. I would now like to turn the call over to Chris Dotsko, Vice President of Finance. Please go ahead.

Thank you for joining Brightview's third quarter fiscal 2023 earnings conference call. Jim Abrahamson, Brightview's interim president and chief executive officer, and Brett Urban, chief financial officer, are on the call. Please remember that some of the comments made today, including responses to questions and information reflected on the presentation slides, are forward-looking, and actual results may differ materially from those projected. Please refer to the company's SEC filings for more detail on the risks and uncertainties that could impact the company's future operating results and financial conditions. Comments made today will also include discussion of certain non-GAAP financial measures. Reconciliations to comparable GAAP financial measures are provided in today's press release. Disclaimers on forward-looking statements and non-GAAP financial measures apply both to today's prepared remarks as well as the Q&A. I will now turn the call over to Jim.

Thank you, Chris, and good morning, everyone. I'll start on slide four of the earnings presentation. I plan to focus my prepared remarks on our solid results in the quarter, provide an overview of our expanded strategic initiatives, discuss our progress on the search for our next CEO, and provide some perspective on the impact of our expanded strategy coupled with the renewed focus and energy of our leadership team, given the significant value creation opportunity ahead of us. As a Brightview board member for the past eight years, and more recently in my role as interim president and CEO, I'm focused on leading the creation and execution of our expanded strategic plan and improving company performance in concert with our excellent Brightview team. We are capitalizing on opportunities to drive performance as we grow our revenue and our EBITDA while expanding margins, increasing cash flow, strengthening our balance sheet, and thereby enhancing shareholder value. We are proud to report that our results for the third quarter reflect substantive progress against each of those financial objectives. We are particularly encouraged about our disciplined approach to pursuing high-quality business opportunities while increasing our cost efficiencies that is translated into the strong EBITDA growth, margin expansion, and increased cash flow. Following the strategic assessment of our business, we launched the first phase of Project Accelerate during the second quarter. As a reminder, this is a company-wide program designed to reduce overhead costs. We have now expanded and intensified the scope of Project Accelerate with new strategic initiatives centered around growing our revenues, operating even more efficiently, thereby expanding our profit margins and generating even more cash to deliver our balance sheet. We recently broadened the reach and expanded the depth of our Project Accelerate cost containment initiatives across all facets of the company. as we've added the following items to Project Accelerate, including local branch performance initiatives centered around profitable growth, substantially improving customer and contract revenue retention, expanded sales initiatives to increase new contract win rates across our segments, and importantly, a company-wide procurement project aimed to drive significant savings across our entire portfolio. To be clear, we are not waiting to launch these vitally important initiatives, and we have commenced the initial rollout during the third quarter. Looking forward to the remainder of fiscal year 2023 and our initial outlook on fiscal year 2024, we expect that these initiatives will continue to drive profitable growth, enhance margins, and generate increasing cash flow to delever our balance sheet. We expect to provide additional details on the magnitude of each of these new initiatives and the resultant impact on our performance on upcoming earnings calls. An important catalyst for driving continued effectiveness of these initiatives will be the selection of our next CEO. The search is progressing well and according to our timeline. We are continuing to work closely with an executive search firm and are presently engaged with a short list of highly qualified candidates. We're excited by the prospects of bringing on board an exceptional leader and operator that will lead the company through its next phase of growth and value creation. This new leader will be well-positioned to drive Brightview forward and will hit the ground running with a clear strategy to drive growth and enhance performance. With renewed company-wide focus and energy, coupled with outstanding new leadership and the strength of our excellent executive team, I'm confident that Brightfield will have a strong foundation and an effective strategy to deliver results and drive value for our shareholders now and into the future. With that, I'll now turn it over to Brett, who will discuss our financial performance and outlook in more detail. Brett?