A MESSAGE FROM OUR
PRESIDENT AND CEO

Fiscal 2023 was a year that saw the dedication and hard work of our teams over the last few years begin to come to fruition. We have transformed our organization to build a foundation of operational excellence that enables us to leverage our cost structure, improve our efficiency and competitiveness, and deliver best-in-class quality in everything we do.

We have laid a strong foundation for our future and made significant progress on our journey back to growth and profitability. We focused our business on the core markets that best
align with our skills, expertise, and strong brand.

We have begun an award cycle that we believe will be a multi-year backlog build supported by strong tailwinds including the Inflation Reduction Act and other key macroeconomic drivers. The reshaping of the global energy markets, the push towards lower carbon activity, and industrial reshoring all create long-term opportunities for our business.

We further strengthened our balance sheet and operating capabilities, focused on elevating our
culture of quality, and continued to build deeper relationships with our clients, business partners,
stockholders, and communities.

Finally, in addition to our focus on strengthening ouroperational excellence and financial performance, we continued to make advances in environmental stewardship as well as fine-tuning our already strong position in social responsibility, and strong governance.

I am pleased to report on the work we are doing to continue advancement of our sustainability strategy.

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