Comfort Systems USA, Inc.

Good day, and thank you for standing by. And welcome to the Q4 2022 Comfort Systems USA Earnings Conference Call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you'll need to press star 11 on your telephone. You'll then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Julie Chase, Chief Accounting Officer. Please go ahead.

Thanks, Justin. Good morning. Welcome to Comfort Systems USA's fourth quarter and full year 2022 earnings call. Our comments today, as well as our press releases, contain forward-looking statements within the meaning of the applicable securities laws and regulations. What we will say today is based upon the current plan and expectations of Comfort Systems USA. Those plans and expectations include risks and uncertainties that might cause actual future activities and results of our operations to be materially different from those set forth in our comments. You can read a detailed listing and commentary concerning our specific risk factors in our most recent Form 10-K, as well as in our press release covering these earnings. A slide presentation has been provided as a companion to our remarks. The presentation is posted on the investor relations section of the company's website down at comfortsystemsusa.com. Joining me on the call today are Brian Lane, President and Chief Executive Officer, Trent McKenna, Chief Operating Officer, and Bill George, Chief Financial Officer. Brian will open our remarks.

All right. Thanks, Julie. Good morning, everyone, and thank you for joining us on the call today. We are pleased to report a great finish to 2022. with increased revenue, record earnings, fantastic cash flow, and a surge of backlog. Our teams delivered amazing execution, and we are grateful for their hard work. For the fourth quarter, we earned $1.54 per share on revenue of $1.1 billion. Full-year revenue surpassed $4 billion and included same-store revenue growth of 22%. Backlog received an especially strong lift this quarter in our modular offsite construction operations as large customer purchases were committed in advance to support our ability to invest in modular construction capacity. Our backlog is now over $4 billion, a same-store increase of 75% from a year ago. Cash flow was also extraordinary in the fourth quarter. and for the full year, our cash flow exceeded our excellent earnings by a substantial amount. We are excited to announce that on February 1st, we acquired Eldico, a premier industrial electrical based in South Carolina. Eldico will further strengthen our electrical segment, and thanks to its capabilities and relationships in a perfectly located market for us, We believe that this combination will allow us to achieve important synergies over the coming years. We also declared a larger than normal increase in our dividend of 2.5 cents per share, which increases our quarterly payout to 17.5 cents per share. This increase reflects our continuing strong cash flow and our desire to reward our shareholders. I will discuss our business and outlook in a few minutes, but first I will turn this call over to Bill to review our financial performance. Bill?