Comfort Systems USA, Inc.

Good day and thank you for standing by. Welcome to the Q1 2023 Comfort Systems USA earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, 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 Shace, Chief Accounting Officer. Please go ahead.

Thanks, Rivka. Good morning. Welcome to Comfort Systems USA's first quarter 2023 earnings call. Our comments today, as well as our press releases, contain forward-looking statements within the meaning of applicable security laws and regulations. What we will say today is based upon the current plans 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 and Form 10-Q, 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 found 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.

Thanks, Julie. Good morning, everyone, and thank you for joining us on the call today. We have had a great beginning to 2023 with increased revenue and pre-tax earnings, unusually strong cash flow, and another increase in backlog. Our teams delivered amazing execution and we are very grateful for their hard work. Excluding the prior year tax gain that Bill will discuss in a few minutes, we earned $1.51 per share, and that included 15 cents related to the favorable resolution of certain claims-related disputes. Current year revenue was $1.2 billion, an unprecedented same-store revenue growth of 30%. Our backlog is now over $4.4 billion, which is a same-store increase of $1.6 billion, or 58% from a year ago. Our backlog growth is tangible evidence of the ongoing demand in traditional and modular construction. Cash flow this quarter was exceptional. This morning, we also increased our dividend by 2.5 cents per share to 20 cents per share. This increase reflects our continuing strong cash flow and our commitment 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?