Construction Partners, Inc. (NASDAQ:ROAD) Q4 2022 Results Conference Call November 22, 2022 10:00 AM ET

Company Participants

Rick Black - Investor Relations

Jule Smith - President and Chief Executive Officer

Alan Palmer - Executive Vice President and Chief Financial Officer and

Ned Fleming - Executive Chairman

Conference Call Participants

Tyler Brown - Raymond James

Stanley Elliott - Stifel

Andy Whitman - Baird

Adam Thalhimer - Thompson Davis

Michael Feniger - Bank of America

Brian Russo - Sidoti

Brent Thielman - D.A. Davidson

Operator

Greetings, and welcome to the Construction Partners, Incorporated. Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this call is being recorded [Technical Difficulty]

Rick Black

[Technical Difficulty]

I'd like to remind you that the statements made in today's discussion that are not historical facts, including statements of expectations or future events or future financial performance are forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. We will be making forward-looking statements as part of today's call that, by their nature, are uncertain and outside of the company's control. Actual results may differ materially. Please refer to the earnings press release that was issued today for our disclosure on forward-looking statements. These statements as well as other risks and uncertainties are described in detail in the company's filings with the Securities and Exchange Commission.

Management will also refer to non-GAAP measures, including adjusted EBITDA. Reconciliations to the nearest GAAP measures can be found at the end of today's earnings press release. Construction Partners assumes no obligation to publicly update or revise any forward-looking statements.

And now, I would like to turn the call over to Construction Partners' CEO, Jule Smith. Jule?

Jule Smith

Thank you, Rick, and good morning, everyone. With me on the call today are Alan Palmer, our Chief Financial Officer; and Ned Fleming, our Executive Chairman; as well as other members of our senior management team. I'd like to start by stating how proud I am of the entire team of 3,800 dedicated employees throughout our five states in the Southeast for their continued commitment and hard work to produce a record year at CPI.

With the acquisition announced yesterday, I'm excited to welcome our sixth state of Tennessee and the talented new teammates that live and work in the Nashville Metro area. In fiscal 2022, our team persevered through inflation that hit hard in the first half of the year and supply chain disruptions that persisted all year and continue to present numerous challenges to our productivity and profitability.