Comfort Systems USA, Inc.

Thank you for standing by, and welcome to the Q3 2023 Conference System USA Earnings Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentations, there will be a question and answer session. To ask a question at that time, please press star 11 on your telephone. Please be advised that today's call is being recorded. I will now turn the conference to the host, Julie Shafe, Chief Accounting Officer. Please go ahead.

JULIE SHAFE, CHIEF ACCOUNTING OFFICER, Thanks, Valerie. Good morning. Welcome to Comfort Systems USA's third quarter 2023 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 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. I am in awe of the discipline and execution that our amazing teams continue to demonstrate and build on. They are the true source of our exceptional results this quarter. our best ever growth earnings and cash flow. We earned $2.93 per share this quarter compared to $1.71 a year ago. Current quarter revenue was $1.4 billion with same store growth of 20%. Revenue was higher across our operations and our modular business in particular surged while maintaining superb execution for our customers. Service also continues to grow and increase earnings, thanks in large part to past and ongoing investments. Our mechanical and electrical operations performed incredibly well. Our backlog continues to track at unprecedented levels, and our pipeline of additional work is still strong. Backlog is $4.3 billion, $1 billion ahead of last year, And we also booked a sequential increase, even though this is our seasonally most active quarter. Demand is especially robust in our industrial sectors. The unprecedented demand for data, chip, and battery, and strong trends in other areas like food, pharma, and healthcare, continue to give our teams the opportunity to show their expertise and commitment. We are carefully selecting work that has good margins and good working conditions for our valuable workforce. Operating cash flow surged this quarter to over $200 million as our customers continue to recognize our value and performance with favorable payment terms and timely payments. Today, we also increased our quarterly dividend by two and a half cents to 25 cents per share, or a rate of a dollar per share on an annualized basis. This reflects our continuing strong cash flow and our commitment to reward our shareholders. We are also excited to announce that on October 2nd, we acquired Deco, an extremely capable pipe and mechanical company located in New Hampshire, and we welcome that team to Comfort Systems. I will discuss our business and outlook in a few minutes, but first I'll turn this call over to Bill to review our financial performance. Bill?