

In this winter quarter, we continued to face weather challenges on projects in the Northeast. The company showed improvements in gross profit margins and adjusted EBITDA compared to each of the prior 3 quarters. As stated in our press release, we reported improved results in the first quarter of 2023. With that, I will turn the call over to Lasse. During this call, we also refer to certain non-GAAP financial measures, including adjusted EBITDA, which are explained in the net income to adjusted EBITDA reconciliation attached to our earnings release and posted on our Investor Relations website, along with certain other operating data. Certain risk factors inherent in our business are set forth in our earnings release and in filings with the SEC, including our 2022 Form 10-K and subsequent filings. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from our expectations. During this call, we will make certain forward-looking statements to help you understand our business. Following their comments, there will be an opportunity for questions. Lasse will conclude with an update on the outlook for the business and market. Lasse will provide an update on the events of the quarter, then Scott will continue with an update on our financial results for the quarter. Joining me on this call this morning is our President and Chief Executive Officer, Lasse Petterson and our Chief Financial Officer, Scott Kornblau. Good morning, and welcome to our first quarter 2023 conference call.


I would now like to hand the conference over to your speaker today, Tina Baginskis, Director of Investor Relations. Please be advised that today's conference is being recorded. After the speakers' presentation, there will be a question-and-answer session. At this time, all participants are in a listen-only mode. Welcome to the Q1 2023 Great Lakes Dregde & Dock Corporation Earnings Conference Call. Scott Lee Kornblau Senior VP, Treasurer & CFO Great Lakes Dredge & Dock CorporationĪdam Robert Thalhimer Director of Research & Partner Thompson, Davis & Company, Inc., Research Division Petterson CEO, President & Director Great Lakes Dredge & Dock Corporation
