Quanta Services, Inc.

As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Kip Rupp, Vice President, Investor Relations. Thank you. You may begin.

Thank you, and welcome, everyone, to the Quantum Services first quarter 2024 earnings conference call. This morning, we issued a press release announcing our first quarter 2024 results, which can be found in the Investor Relations section of our website at quantumservices.com. As highlighted in our earnings release this morning, we've recently updated our earnings call format and supplemental materials. Shortly after the release of our financial results this morning, we posted our first quarter 2024 operational and financial commentary and our 2024 outlook expectation summary on QANU's investor relations website. While management will make brief introductory remarks during this morning's call, the operational and financial commentaries intended to largely replace management's prepared remarks allowing additional time for questions from the institutional investment community. Additionally, we no longer have a slide presentation to accompany this call as the information that has historically been included in the presentation can now be found in our operational and financial commentary. Please remember that information reported on this call speaks only as of today, May 2, 2024, and therefore you are advised that any time sensitive information may no longer be accurate as of any replay of this call. This call will include forward-looking statements intended to qualify under the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995, including all statements reflecting expectations, intentions, assumptions, or beliefs about future events or performance or that do not solely relate to historical or current facts. You should not place undue reliance on these statements as they involve certain risks, uncertainties, and assumptions that are difficult to predict or beyond Quan's control, and actual results may differ materially from those expressed or implied. We will also present certain historical and forecasted non-GAAP financial measures. Reconciliations of these financial measures to their most directly comparable GAAP financial measures are included in our earnings release and operational and financial commentary. Please refer to these documents for additional information regarding our forward-looking statements and non-GAAP financial measures. Lastly, if you would like to be notified when Quanta publishes news releases and other information, please sign up for email alerts through the investor relations section of quantaservices.com. We also encourage investors and others interested in our company to follow Quanta IR and Quanta services on the social media channels listed on our website. With that, I'd like to now turn the call over to Mr. Duke Austin, Quanta's president and CEO. Duke? Thanks, Kip.

Good morning, everyone, and welcome to Quantum Services' first quarter 2024 earnings conference call. This morning, we reported our first quarter 2024 results, which included double-digit growth in revenue, adjusted EBITDA, and adjusted earnings per share and strong cash flow, demonstrating an overall good start to the year. Total backlog at quarter end was $29.9 billion, which we believe reflects the value of our collaborative client relationships and evidences the momentum we see for 2024. Utilities across the United States are experiencing and forecasting meaningful increases in power demand for the first time in many years, driven by the adoption of new technologies and related infrastructure, including artificial intelligence and data centers, as well as federal and state policies designed to accelerate the energy transition and policies intended to strategically reinforce domestic manufacturing and supply chain resources. With the complexities of the power grid and the significant upgrades and enhancements required to facilitate load growth, our collaborative solution-based approach is valued by our clients more than ever. We continue to look forward to the realization of our multiyear strategic initiatives and the goals we expect to achieve in this and the coming years. We are positioning Quanta for decades of expected necessary infrastructure investment and believe our service line diversity creates platforms for growth that expand our total addressable market. Our portfolio approach and focus on craft skill labor is strategic, a strategic advantage that we believe provides us the ability to manage risk and shift resources across service lines and geographies, which is increasingly important as the energy transition accelerates We believe our diversity and portfolio approach has also improved our cash flow profile and positions us well to allocate resources to the opportunities we find most economically attractive and to achieve operating efficiencies and consistent financial results. I will now turn the call over to Jayshree Desai, Quantum CFO, to provide a few remarks about our results and 2024 guidance, and then we will take your questions. Thanks, Jayshree.