Sterling Infrastructure, Inc. (NASDAQ:STRL) Q1 2023 Earnings Conference Call May 2, 2023 9:00 AM ET

Company Participants

Noelle Dilts - VP of IR and Corporate Strategy

Joseph Cutillo - CEO

Ron Ballschmiede - CFO

Conference Call Participants

Sean Eastman - KeyBanc

Brent Thielman - D.A. Davidson

Brian Russo - Sidoti & Company

Operator

Greetings. And welcome to Sterling Infrastructure's 2023 First Quarter Earnings Conference Call and Webcast. At this time all participants are in a listen-only mode, a question-and-answer session will follow the formal presentation. [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, Paul. Good morning to everyone joining us, I am pleased to be here today to discuss our first 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 the financial results after which Joe will provide a market and full year outlook. Then we'll open the call up for questions.

Unless otherwise stated all numbers discussed today will be for continued operations which excludes our late 2022 divestiture of Myers. As a reminder, there are accompanying slides on the investor relations section of our website.

Before turning the call over to Joe, I will 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 obligations to update forward-looking statements as a result of new information, future events or otherwise.

Please note that we may discuss, 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 will now turn the call over to our CEO, Joe Cutillo.

Joseph Cutillo

Thanks, Noelle. Good morning, everyone. Thank you for joining Sterling's first quarter 2023 earnings call. It's always great to be able to discuss strong results, but what I'm really proud of is what our Sterling team is doing to achieve these results. Our people are out in the field every day, using their entrepreneurial spirit to win projects, execute flawlessly and push Sterling to the next level.