Comfort Systems USA, Inc.

Good day, and thank you for standing by. Welcome to the Q4 2025 Comfort Systems USA Earnings Conference Call. At this time, all participants are in 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 will then hear an automated message advising your hand is raised. To answer your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to turn the call over to the speaker for today, Julie Schaaf, Chief Accounting Officer. Please go ahead.

Thanks, Lisa. Good morning. Welcome to Comfort Systems USA's fourth quarter and full year 2025 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 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 is provided as a companion to our remarks and 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, Chief Executive Officer, Trent McKenna, President and 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 today. Last night we reported record earnings and backlog and exceptional cash flow. Thanks to best in class execution by our teams across the United States. Same store revenue growth for the fourth quarter was 35% quarterly. Gross margin exceeded 25% for the first time in company history. We are reporting $9.37 per share this quarter. up 129 percent from last year and we earned 28.88 cents per share for the year compared to 14.60 in 2024. backlog increased to a new all-time high of 12 billion thanks to fantastic bookings in the quarter backlog growth was especially strong with technology customers but our bookings and pipelines are strong in practically every sector. 2025 operating cash flow is $1.2 billion, laying a strong foundation for continued investment, and that cash flow demonstrates strong trends in our execution, customer relationships, and prospects. Our modular capacity is currently around 3 million square feet, and we expect to increase this to approximately 4 million square feet by the end of 2026 with planned additions in Texas and North Carolina. We continue to explore every opportunity to invest in our businesses. And in addition to expanding our modular footprint, we are investing in technology, equipment, and training for our amazing workforce. Also, as announced previously, we acquired two great electrical companies during the fourth quarter, FZ in Michigan and Meisner in Florida. Both are off to a great start and I am happy to have them as part of Comfort Systems USA. We have increased our quarterly dividend by 10 cents to 70 cents per share and with our share repurchases last year, we are proving our commitment to rewarding our shareholders. Trent will discuss our operations and outlook in a few minutes and I will make closing comments after our Q&A. But first, I'll turn this call over to Bill to review our financial performance. Bill?