Sterling Infrastructure, Inc. (NASDAQ:STRL) Q2 2022 Earnings Conference Call August 2, 2022 9:00 AM ET

Company Participants

Joseph Cutillo - CEO, President & Director

Ronald Ballschmiede - EVP, CFO, CAO & Treasurer

Conference Call Participants

Brent Thielman - D.A. Davidson & Co.

Brian Russo - Sidoti

Operator

Greetings, and welcome to the Sterling Infrastructure Second Quarter 2022 Earnings Conference Call and Webcast. As a reminder, this conference is being recorded and all participants are on a listen-only mode. There are accompanying slides on the Investor Relations section of the company's website. Before turning the call over to Joe Cutillo, Sterling's Chief Executive Officer, 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 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 measures, financial measures in our earnings release issued yesterday afternoon.

I will now turn the call over to Mr. Joe Cutillo. Thank you, sir. Please go ahead.

Joseph Cutillo

Thanks, Donna. Good morning, everyone, and thank you for joining Sterling's Second Quarter 2022 Earnings Call. I would like to start off by thanking all of our employees for delivering another record quarter, the Sterling way and enabling us to increase our full year earnings forecast in some very challenging times. The Sterling way is what defines our culture. It is an understanding that great results to our shareholders are critical, but alone, not enough. It is our responsibility to continuously look for better ways to protect our people, our environments and give back to our communities. It's this culture, these values that have enabled us to deliver multiple quarters of record results. This morning, I will cover the highlights of our second quarter and the strategic progress we have made. Then I will turn it over to Ron for his financial commentary, and I will finish with the market and full year outlook.