Orion Group Holdings, Inc.

Greetings and welcome to Orion Group Holdings Inc. First Quarter 2022 Conference Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during today's conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn this conference over to your host, Mr. Francis Okunieski, Vice President, Investor Relations. Thank you, sir. You may begin.

Thank you, Laura. Good morning, everyone, and welcome to Orion Group Holdings' first quarter 2022 earnings conference call and webcast. Joining me today are Austin Schanfelter, Orion Group Holdings' interim chief executive officer, and Craig Owen, currently serving in the capacity of chief financial officer advisor. Regarding the format of the call, we've allocated about 10 minutes for prepared remarks in which Austin and Craig will highlight our results, and update our outlook. We will then open the call for questions. During the course of this conference call, we will make projections and other forward-looking statements regarding, among other things, our end markets, revenues, gross profits, gross margin, EBITDA, EBITDA margin, backlog, projects in negotiation, and pending awards, as well as our estimates and assumptions regarding our future growth administrative expenses, capital expenditures. These statements are predictions that are subject to risks and uncertainty, including those described in our 10-K that may cause actual results that differ materially from those statements. Moreover, past performance is not necessarily an indicator of our future results. By providing this information, we undertake no obligation to update or revise any projections or forward-looking statements, whether as a result of new developments or otherwise. Also, please note that adjusted net income, adjusted earnings per share, EBITDA, and EBITDA margin are non-GAAP financial measures under rules of the Securities Exchange Commission, including Regulation G. Please refer to the reconciliations and definitions inclusive of the most comparable gap measures and reconciliation tables accompanying this earnings call within the press release issued this morning. The press release can be found on our website at www.OrionGroupHoldingsInc.com. Also, for additional discussion of risk factors that could cause actual results to differ materially from our current expectations, Please refer to our quarterly annual filings with the SEC, which are also available in the investor section of our website. And with that, I would like to turn the call over to Austin Schanfelter, Interim Chief Executive Officer. Austin?

Good morning, and thank you, Fran. First thing I'd like to do is thank all the Orion team members, business partners, and clients for their leadership, commitment, and support over the past few weeks. It's been quite busy around here. Our path forward is very clear. We must improve the quality of our backlog, enhance our operating margins, and improve our fleet and equipment utilization. As we take action to improve our execution, our management team will be operationally focused to meet or exceed project budgets. Our end markets are strong, and the opportunities to improve margins in both marine segment and concrete are very clear to me. We are well underway with our search process for our new CEO and CFO. This is proving to be a tremendous opportunity for us to hire seasoned, proven, successful leaders to join the Orion team. I look forward to working directly with our management team to consistently improve performance. We believe there are opportunities in the second quarter to enhance results. Our team understands the need to enhance liquidity, Improved margins, sales of properties, and cost reductions will impact that goal very soon. I look forward to our Q&A session. I would now like to turn the call over to Craig to discuss our financial results in more detail. Craig?