Sterling Infrastructure, Inc. (NASDAQ:STRL) Q2 2023 Earnings Conference Call August 8, 2023 9:00 AM ET

Company Participants

Noelle Dilts - VP, IR

Joseph Cutillo - CEO, President & Director

Ronald Ballschmiede - EVP, CFO, CAO & Treasurer

Conference Call Participants

Jean Ramirez - D.A. Davidson & Co.

Alexander Dwyer - KeyBanc Capital Markets

Brian Russo - Sidoti & Company

Operator

Greetings, and welcome to the Sterling Infrastructure Second Quarter 2023 Conference Call and Webcast. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Noelle Dilts, Vice President of Investor Relations and Corporate Strategy. Thank you. You may begin.

Noelle Dilts

Thank you, Jesse. Good morning to everyone joining us, and welcome to Sterling Infrastructure's 2023 Second Quarter Earnings Conference Call and Webcast. I'm pleased to be here today to discuss our second quarter results with Joe Cutillo, Sterling's Chief Executive Officer; and Ron Ballschmiede, Sterling's Chief Financial Officer. Joe will open the call with an overview of the company and its performance in the quarter. Ron will follow that up with a detailed discussion of our financial results, after which Joe will provide a market and full year outlook. Then we will open the call up for questions. As a reminder, there are accompanying slides on the Investor Relations section of our website.

Before turning the call over to Joe, I'll read the safe harbor statement. Some discussions made today may include forward-looking statements. Actual results could differ materially from the statements made today. Please refer to Sterling's most recent 10-K and 10-Q filings for a more complete description of risk factors that could affect these projections and assumptions. The company assumes no obligation to update forward-looking statements as a result of new information, future events or otherwise.

Please also note that management may reference EBITDA, adjusted EBITDA, adjusted net income or adjusted earnings per share on this call, which are all financial measures not recognized under U.S. GAAP. As required by SEC rules and regulations, these non-GAAP financial measures are reconciled to their most comparable GAAP financial measures in our earnings release issued yesterday afternoon.

I'll now turn the call over to our CEO, Joe Cutillo.

Joseph Cutillo

Thanks, Noelle. Good morning, everyone, and thank you for joining Sterling's Second Quarter 2023 Earnings Call. It's a fantastic time to be part of the Sterling team. While we started this journey to transform our company 7 years ago, we sought to build a diversified infrastructure solutions business that consistently delivered bottom line growth and strong cash flow. Our results in the second quarter reflect how far we've come.