Granite Construction Incorporated (NYSE:GVA) Q1 2015 Earnings Conference Call - Final Transcript

May 05, 2015 • 11:00 am ET


Granite Construction Incorporated (NYSE:GVA) Q1 2015 Earnings Conference Call - Final Transcript


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Good morning. My name is Dan and I will be your conference facilitator today. At this time, I would like to welcome everyone to the Granite Construction Investor Relations First Quarter 2015 Earnings Conference Call. [Operator Instructions]

It is now my pleasure to turn the floor over to your host, Granite Construction Director of Investor Relations Ron Botoff. Sir, the floor is yours.

Ron Botoff

Good morning. Welcome to the Granite Construction Incorporated first quarter 2015 earnings conference call. I'm here today with our President and CEO, Jim Roberts; and our Senior Vice President and CFO, Laurel Krzeminski. We'll begin today with an overview of the company's Safe Harbor language. Some of the discussion today may include forward-looking statements. Actual results could differ materially from the statements made today, so please refer to Granite'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, whether as a result of new information, future events or otherwise. A reconciliation of non-GAAP results is included as part of our first quarter earnings press release. Certain non-GAAP measures may be discussed during the call and from time to time by the company's executives. For more information, please visit our investor relations website at

Thank you. Now I would like to turn the call over to Granite Construction Incorporated Chief Executive Officer, Jim Roberts.

Jim Roberts

Thank you, Ron and good morning, everyone. Coming out of 2014, the safest year in our company's history, Granite teams have raised the bar for safety even further in the first quarter of 2015. This week, Granite, along with the entire construction industry, is participating in the second annual Safety Week. All across the country, personnel from all parts of our business are involved in safety meetings, Take five discussions, job hazard analyses and other focused activities to remind our employees that their health and well-being is our number one value. Safety is a core value at Granite.

Ladies and gentlemen, our goal is very simple, zero injuries. We're off to a great start in 2015 and with our employees' continued focus on safe activities each and every day, I'm optimistic that 2015 will be the safest year in the company's history. I also would like to take just a moment to congratulate employees coast to coast for living our code of conduct every day which was critical to our being named one of Ethisphere Institute's World's Most Ethical Companies for the sixth consecutive year. Our focus is not only on operating in compliance with our code of conduct, but to lead the industry to improve ethical standards every day, earning the right to be part of this prestigious group of global companies. Before Laurel discusses our results and guidance, I want to spend just a few minutes with you on the trends, opportunities and challenges ahead of us in the coming quarters. None of these factors really has changed for quite some