Sterling Construction Company, Inc. (NASDAQ:STRL) Q1 2022 Earnings Conference Call May 3, 2022 9:00 AM ET
Company Participants
Joe Cutillo – Chief Executive Officer
Ron Ballschmiede – Executive Vice President, Chief Financial Officer and Chief Accounting Officer
Conference Call Participants
Sean Eastman – KeyBanc Capital Markets
Brent Thielman – D.A. Davidson
Operator
Greetings, and welcome to the Sterling Construction Company’s First Quarter 2022 Earnings Conference Call and Webcast. As a reminder, this conference call is being recorded [Operator Instructions] 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 the 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 Mr. Joe Cutillo. Thank you, sir. Please go ahead.
Joe Cutillo
Thanks Maria. Good morning, everyone, and welcome to Sterling’s first quarter 2022 earnings call. I’m proud to report another record quarter during an unprecedented time of hyperinflation and supply chain challenges. Our teams are working harder than ever to overcome these challenges and ensure we continue to service our customers and our investors. I’d like to take a second to thank them for their efforts and let them know it does not go unnoticed.
This morning, I will cover the highlights of our first quarter and the strategic progress we have made. Then I’ll turn it over to Ron for his financial commentary. And I will finish with the market and full year outlook.
Let’s start with the most important highlight of the quarter. And that is we had zero lost time incidents in the quarter and our teams went home to their family safe every evening. We continue to be an industry leader in safety, driven by a culture that cares as much about their fellow colleagues as they do about themselves. Our diverse workforce understands that financial results alone are not enough. We’re constantly looking for better ways to protect our people, protect our environments, and give back to our communities. This is what we call The Sterling Way.