Good morning, and welcome to Infrastructure and Energy Alternatives First Quarter 2022 earnings call. I'd like to note that all participants on today's call are in a listen-only mode. With that, I'll turn the call over to Aaron Reddington, Vice President of Investor Relations. Aaron, please go ahead. Hello, and thank you for joining us today to discuss IEA's first quarter 2022 financial results. With us from management are JP Roehm, President and Chief Executive Officer, and Pete Moerbeek, Executive Vice President and Chief Financial Officer. Before turning the call over to management, I would like to note that today's discussion contains forward-looking statements about IEA's future growth and financial expectations. Any forward-looking statements should be considered in conjunction with the cautionary statements in yesterday's press release and the risk factors included in the company's SEC filings. Except as required by law, IEA undertakes no obligation to update its forward-looking statements after today's call. Management will be presenting some non-GAAP financial measures as references, including adjusted EBITDA, and GAAP financial reconciliations can be found in the press release issued on May 9th, 2022. With that, I'll turn the call over to JP Roehm, Chief Executive Officer. Please go ahead, JP. Thanks, Aaron, and welcome to everyone joining this morning's call. Today, I will provide a brief overview of four subjects. Our performance in the first quarter, recent solar market developments, commentary on key end market trends, and an update on our strategic priorities. I will then turn it over to Pete for a more detailed financial review of the quarter. First, let me start with first quarter performance. Market conditions within our core renewable and environmental businesses remain robust, and we continued our recent trend of strong organic growth as record first quarter revenues were up over 30% versus the prior year, with strong double-digit growth in both our Renewables and Specialty Civil segments. Aided by the favorable market conditions, our leading market position, and our experienced, skilled labor force, new business award activity remains strong, enabling us to finish the first quarter with record total backlog. Further, we are beginning to see an improved bidding climate across our rail business. We're very encouraged by the growth outlook for our businesses. While revenue and backlog both impressed during the first quarter, we experienced inflationary and supply chain headwinds in recent months that we expect to continue and that will impact our margin realization this year. Many of the larger components used in our renewable projects, such as solar panels and turbine blades, are procured by our customers, meaning we take no price risks with these items. However, there are other components such as cables and wires that we are responsible for procuring, and in almost all contracts, we are responsible for fuel and concrete purchases. During the first quarter, the price volatility on many of these materials, especially higher fuel costs and continued supply chain challenges, resulted in compressing the forecast project margins that will be realized over the year as our projects progress towards completion. Importantly, these issues were from events largely outside of our control, and they were not a function of problem contracts or execution issues. We are attempting to mitigate these headwinds through project bidding measures, negotiations with suppliers, additional project contingencies, and other efficiency improvements. We believe these measures will help position us to achieve improved profitability for the balance of the year. Entering 2022, we recognize the potential for near-term margin headwinds and consider these factors in our full year 2022 financial guidance. Based on our strong backlog, we are updating our full year 2022 financial guidance by increasing our revenue guidance to a range of $2.3 billion-$2.5 billion while maintaining our adjusted EBITDA guidance. This change reflects the reality of the current cost headwinds impacting our business, while we anticipate can be offset with higher revenues. Now, turning to an overview of recent solar market developments. In recent months, many companies across the solar industry have voiced concerns both as to the rising cost and the availability of panels and modules. These concerns stem from a recently announced U.S. Department of Commerce investigation of solar panels imported from Chinese companies in Cambodia, Malaysia, Thailand, and Vietnam. Allegedly, solar panels and modules from these countries are circumventing antidumping duty orders on solar cells and modules from China. The preliminary findings of the investigation are expected in August, but a final decision from the department may not occur until the middle of next year. The department's conclusion could result in retroactive duties back to November 2021. This investigation, combined with the already challenging supply chain situation, has resulted in significant uncertainty in the solar industry. The domestic panel market is not equipped to meet current industry demand, resulting in uncertainty around panel pricing and availability of products. This could potentially lead to cost increases and project pushouts and delays for the industry. We believe that our current year solar projects fall into three categories with respect to how the U.S. Department of Commerce investigation will impact them. First, we have customers who source their panels from U.S.-based manufacturers. While there may be some minor delays for these customers, we anticipate no material risk to the project schedules. The second group of customers have asked us to proceed with the civil and mechanical work as they await further information on the delivery of their panels. If panels are not available on time, they will have us demobilize the projects and we will get paid to remobilize when the panels arrive. The final grouping of customers are currently not expecting any panel-related delays and are moving forward with their projects as previously scheduled. Obviously, there's a fourth grouping as some current and potential projects may be delayed, but we will leave any outlook until 2023 solar opportunities until later this year. During the first quarter, we rearranged the start dates of some projects based on the owner's availability of solar panels. Fortunately, at this time, we have ample backlog so that we still have remaining solar projects to fill in any gaps in project cadence and to support full utilization of our teams. My third subject area is an overview of our end market trends. We believe that the key long-term trends that are driving our businesses remain very favorable. Within the Renewables industry, there is estimated to be nearly 200 GW of legacy power generation capacity set to be retired in the coming decades. Together with the increasing competitive levelized cost of wind and solar when compared to carbon-based energy sources, Renewables are likely to be the key beneficiary. The mix of U.S. power generating capacity coming from Renewables is set to double by 2050 as over 500 GW of Renewables capacity is projected to be added in the United States over the next 25-30 years. Within our heavy civil segment, we expect that once the rules are ironed out, we will be a beneficiary of the $1.2 trillion federal infrastructure bill passed last year. While not yet a direct result of the infrastructure bill, we have started to see a pickup in bidding activity in our heavy civil markets. We still expect it will take some time for funds to start to flow, particularly as states and municipalities seek to adjust bidding levels to reflect the recent raw materials cost inflation. Unfortunately, we have been a low bidder on several recent public awards, but our bid far exceeded the engineer's estimate, and as a result, no contract was awarded. We anticipate these public awards will come back to the market again with updated cost estimates and more closely aligned with market prices. We remain encouraged by the pickup in heavy civil bidding activity near term and expect a strong multiyear period of elevated infrastructure spending as stimulus funds find their way into new projects of scale. We also expect the rail business to benefit from the federal infrastructure bill as the stimulus package included funding for Class I railroads and public transit rail. Over the past two years, the rail industry has seen depressed capital spending due to COVID. With the recent improvements to industry profitability, capital spending appears set to improve with several public railroads discussing favorable spending forecasts on their recent earnings calls. We've seen a pickup in our discussions with customers in recent weeks and are optimistic that we'll see improved trends in our rail business. Lastly, we remain very excited about the opportunities within our environmental remediation business. We believe we are in the early innings of a significant capital spending cycle for coal ash remediation, which we estimate could be a $50 billion-$150 billion opportunity over the coming decades. In January, the EPA announced a hardline stance on coal ash remediation, which will benefit industry spending over time. Although it may cause a temporary pause while utility companies analyze the new communications from the EPA. Nevertheless, the long-term opportunity is significant, and IEA is one of a small handful of players with the environmental remediation project experience, skilled workforce, and track record to take advantage of this market. Moving on to backlog and new project awards. Given the favorable end market trends I just discussed, we were able to maintain a strong new awards momentum and reported another quarter of record backlog. This record backlog comes despite record first quarter revenues. At the end of the first quarter, we reported total backlog of $2.9 billion, up 10% from the same period last year. Our next twelve-month backlog, which gives us a good visibility into continued organic revenue growth, was $2.1 billion at the end of the first quarter, and that's up 13% year-over-year. I want to highlight three solar projects that we were awarded in the quarter. First, we signed a contract with ENGIE North America for the construction of the Powells Creek Solar Farm. That's a 70 MW project on approximately 500 acres in Halifax County, Virginia. Construction of the PV facility commenced in January of 2022 and has a targeted completion of December of 2022, with a total contract value of $66 million. A second project with ENGIE is Sunnybrook Solar. That's a 51 MW solar project in Halifax County, Virginia. Construction of the $43 million project also began in January of 2022 and also has a targeted completion of December 2022. IEA continued our strong relationship with Silicon Ranch when we were awarded a contract to construct the Cedar Springs Solar Ranch in Early County, Georgia. Construction on the 70 MW solar project began in the first quarter of 2022, and the facility is expected to be online by the end of 2022. More than 215,000 First Solar Series 6 modules will be installed across the 1,400-acre site in rural southwest Georgia. Before I turn it over to Pete, let me briefly reiterate our key 2022 strategic priorities. These priorities provide a clear roadmap for long-term value creation and are a way for the investment community to measure our progress. First, we wanna develop leading market positions within our key markets. We intend to accomplish this by leveraging our technical expertise, geographic reach, and scale across our key business lines to drive continued backlog growth and market share gains throughout both organic and acquisitive growth. Over the last 12 months, our revenue growth was 29% and 42% in the Renewables segment versus the prior 12-month period. Secondly, we intend to capitalize on the favorable long-term fundamentals within Renewables. In 2021, approximately 70% of IEA's revenue was derived from wind and solar related EPC services. Onshore wind installations are anticipated to accelerate over the next decade with 110 GW of new installed capacity expected to be online by 2030. We strive to be the builder of choice for a great part of that opportunity. Third, we will maintain bidding discipline and look to drive economies of scale to support margin expansion. Given the ongoing inflationary and supply chain challenges, it's critically important that we limit contract risk as much as possible. We have built long-term relationships with many of our Renewables customers, and working with trusted, experienced partners is a key element to a successful and profitable project for all parties involved. Fourth, we will work to continue to further simplify our capital structure while maintaining sufficient liquidity to support our growth. Our program to repurchase up to 25 million of outstanding warrants has been extremely successful. We have purchased nearly 65% of the outstanding warrants. Exiting the first quarter, we have more than $160 million in available cash and availability on our credit facilities to further support our growth initiatives. Finally, we will pursue a disciplined capital allocation strategy. We will continue to invest in organic growth initiatives by expanding product and services offerings to better serve customers, further developing industry-leading technical expertise, and growing our skilled labor workforce. In addition, IEA intends to pursue complementary bolt-on acquisitions that increase our service capabilities in adjacent markets and expand our geographic presence and enhance our margin profile. We're committed to our strategic plan and are confident that as we execute against our goals, we will generate attractive returns and create value for all our stakeholders. With that, I will turn the call over to Pete. Thanks, JP, and good morning to everyone. I'll provide some additional details on the quarter's financial results and wrap up with our full year 2022 guidance. For the quarter, total revenue increased by 30% to $360 million, supported by broad-based strength across both our Renewables and Specialty Civil segments. Unfortunately, at $3.8 million in the first quarter, company-wide gross profit was down from $16.5 million last year, and the gross profit margin for the first quarter 2022 was 1.1%, down from 6% in the same period last year. The primary reason for the margin reduction in both dollars and percentage is the impact of all the culprits that you've just heard from JP and from most of our peers. As JP mentioned, IEA does not take the risk of cost escalation for major project components such as wind turbines and solar panels, but we are responsible for the cost of certain construction materials such as concrete and fuel to run our equipment and trucks, and some of the project components such as wire harnesses or cable. In prior calls, we've said that we attempt to mitigate the price risk for project components by buying them as soon as we receive a notice to proceed from our customer, and those buydowns have generally worked well in the past. However, not so well in the first quarter of 2022. We are now experiencing instances of vendor quotes that hold prices for only one week and even situation where some vendors back out of their quotes, whether they were in writing or not. Added to these challenges are issues associated with supply chain delays, which can affect availability and issues such as the impact of the pandemic in China and the demand by certain customers that we not use parts sourced from Russia. Procurement has become as challenging as we have ever experienced. Added to the procurement concerns, once we start a project, we must address issues of availability and price for supplies such as concrete and fuel. Our fleet drives approximately 130,000 miles per day. We now estimate that our fuel costs for 2022 will be $10 million greater than our estimates that we made at the end of last year. These changes in expected costs have a financial impact both for the quarter and for the rest of the year. At the end of each month, we review all our projects to determine the total expected cost of that project. If a project's revenue remains the same, increased expected costs will reduce the project margin going forward. For projects that were in progress at the start of the quarter, there is also a retrospective reduction of the margin. Percentage of completion accounting rules require that we calculate the difference between the revised forecasted margins and the margins recorded at the end of the previous quarter, and that this difference be treated as an immediate impact to profitability. For the recent quarter, that adjustment was $12.9 million. That one-time adjustment reflects the impact of our expected cost increases for projects that were in progress at the start of the quarter. We disclose that profitability impact in our quarterly filings. In the past three fiscal years, the net impact was a positive amount of approximately $3 million. In the first quarter of 2022, that change led to a reduction in our margin of $12.9 million. Approximately two-thirds of that amount impacted Renewables margins, and 1/3 impacted Specialty Civil margins in the quarter. In most years, our first quarter is the lowest for revenue and margin. Even without the one-time margin adjustments I've just discussed, that would have been true for this past quarter. One other impact of the supply chain challenges is that several of our wind customers delayed the start of their projects, awaiting more certainty around the delivery of their turbines. While those projects have now started, the delay increased our indirect costs in the quarter as we had a higher level of unused labor and equipment. Let me now briefly mention some of the other financial results in the quarter. SG&A expense was $34.9 million during the first quarter of 2022, up from $24.8 million in the same period last year. The first quarter of 2021 included around $5 million of one-time benefit credits, so the increase is not quite as stark as it seems. SG&A expense in the fourth quarter of 2021 was $31.6 million. As a percentage of revenue, SG&A expense was 9.7% compared to 9.0% in the prior year period. That percentage should decrease each quarter this year as our revenue increases. We still expect that we will hit our target of around 6% of revenue for the year. Interest expense for the quarter totals $6.0 million, down from $14.4 million in the first quarter of 2021, primarily from the benefit of last year's recapitalization transactions, which provide an annual reduction of approximately $20 million in interest expense and cash interest payments. Now turning to the balance sheet and liquidity. Last year, we initiated a buyback of our public warrants, and at the end of the quarter, we had repurchased nearly 65% of these warrants at a total cost of $14.8 million. Combined with the benefit of also reducing our anti-dilution shares, these repurchases successfully removed over 7 million common shares from our potentially fully diluted common share count. As of March 31st, 2022, we had $28.7 million of cash and cash equivalents and total debt of $366.5 million, consisting of the $300 million senior unsecured notes, $3 million of commercial equipment notes, and $63.5 million of finance leases for equipment. At the end of the quarter, the company had $132.7 million of availability under its credit facility, net of letters of credit, which combined with cash, resulted in total liquidity of $161.4 million. Total backlog at the end of the first quarter 2022 was $2.9 billion, an increase of 10% compared to the end of the same period in 2021. Renewables segment backlog at March 31st was $2.1 billion, an increase of 7% compared to the prior year, driven by strong growth in our solar market. IEA has signed over $2.2 billion in wind and solar awards since the start of 2021, and the pipeline of new opportunities remains robust. Specialty Civil backlog at March 31st was $861 million, up 18% compared to last year, due in large part to favorable market trends in our environmental business. We expect to realize approximately $2.1 billion of our estimated backlog during the next twelve months. That amount is up $233 million from the end of the first quarter of 2021. Finally, to guidance. Entering 2022, we recognized that there would be some near-term margin headwinds and considered these when we set our full year 2022 financial guidance. However, our challenges were exacerbated in the first quarter because of rapid increases in fuel costs, primarily resulting from the unexpected Russian invasion of Ukraine and the recently announced Commerce Department investigation. Looking forward to the rest of the year, our forecast recognizes the current inflation headwinds and has factored in current market pricing. Our strong backlog of work, especially solar work, allows us to revise our guidance for the full year 2022 as follows. First, we are increasing our revenue guidance to between $2.3 billion and $2.5 billion. And second, we are maintaining our adjusted EBITDA guidance of between $140 million and $150 million. We believe that the increased revenue provides us with a path to attain the earnings goal. We recognize that our first quarter performance makes 2022 much more challenging. However, we believe that as our project pace picks up over the next three quarters, our teams will deliver solid performance, and we'll make 2022 another record year for IEA. Let me now turn it back to JP. Well, thank you for that, Pete. The demand drivers and outlook for our Renewables business remains very strong. There's a clear shift towards wind and solar in the U.S. power generation market, driven both by environmental and economic factors, since both wind and solar today offer the lowest levelized cost of energy. Last year, 90% of all new energy generation capacity added in the United States was from Renewable sources, and the IEA estimate that 500 GW of renewable energy will come online over the next few decades. It may not always be a straight line up and to the right, but the long-term trend is very clear, and we are in a strong position to benefit from the ongoing energy transition. We're also very encouraged by the outlook for our Specialty Civil segment. The coal ash remediation opportunity is significant, and while the timing is tough to predict at times, there is no debating the massive opportunity that exists in this market. We're also very encouraged by the recent pickup in activity in our rail and heavy civil markets. It is very exciting to see all five of our key business lines positioned to benefit from favorable end market trends at the same time. We believe that these trends are likely to last for a multiyear period. We fully expect to improve our margins over the balance of the year, which will keep us on track to achieve another year of strong performance, highlighted by record revenue and adjusted EBITDA. This concludes our prepared remarks for today. Operator, would you please open the call up to questions? Thank you. At this time, we'll be conducting a question-and-answer session. If you'd like to ask a question, please press star one on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star two if you'd like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. Our first question comes from the line of Brent Thielman with D.A. Davidson. Please proceed with your question. Hey, thank you. Good morning. Aaron, JP, sounds like a bit of a perfect storm on margins here in the first quarter, and obviously a bit lower than where we'd expected that. I guess I just wanted to come back to the outlook and maybe talk around what gives you the confidence and, you know, call it 20%-25% EBITDA growth to the end of the year versus last year. Is it the schedules, the firms, you know, you've got the cost inflation under control? Anything else you can add around that would be great. Well, just to kind of reiterate. Thanks, Brent. You know, further reiterating what we have in the commentary. You know, we've got the backlog. The projects are moving to the field. We're in the field on most of them now. And we don't have any problem jobs right now. We talked at length about the inflationary effects that came into knowledge in the quarter. We've reforecasted our projects for them and reported them accordingly. And we feel extremely confident about the guidance that we've you know, from an EBITDA perspective, we've held guidance, and we've raised guidance from a revenue perspective. We feel extremely confident about that. Yeah, all in all, very, very tough quarter. A lot of headwinds out there, but we firmly believe that we have forecasted what we still believe will be a great year for the company. Okay. Appreciate that, JP. Sounds like you've got some wind jobs that are moving forward again. Maybe just an update on what you're sort of seeing and hearing behind the scenes for kinda new wind projects that, you know, pushed out to 2023 and beyond? Yeah, as it relates to the 2022 projects that we had in the commentary that we said were pushed, unfortunately, we had some of our customers, you know, the escalation that they have seen since the fall of last year into this year, particularly in steel, copper and other commodities, have been beyond significant, $millions and millions. Unfortunately, we had some clients that had hoped to maybe avail themselves of the curves going down, but they got caught on the wrong side of that bet and kind of pushed some projects here early or later on into 2022 than what they anticipated, hoping the commodities would go down, and they just couldn't. Now we've got. As we said in the remarks, we've got full notice on all the projects that we expected to build, the wind projects we expected to build in 2022. Quite frankly, moving into 2023, you know, I'd point to some recent comments in the public domain that NextEra Energy has made. We've also heard it from our other customers of ours. We're seeing an uptick in wind turbine OEM sales for next year, for 2023. We believe that this somewhat uncertainty in the solar market, we're gonna see a lot of our customers shift their CapEx to wind. Fortunately, IEA is one of those that certainly can build both wind and solar. You know, being the number two wind builder the last several years in the United States, we think we're well situated for taking advantage of that CapEx shift if it does happen. If not, we'll continue to build more and more solar like we have the last few years. We do from a 2023 perspective see an uptick in wind activity. Okay. Maybe just last one, maybe for Pete, just your expectations around cash flow, you know, for the rest of the year coming off this quarter's levels. Thanks, Brent. It's been a bit of a challenge as we finish jobs, and I've said this before, as we get to the end of the jobs is when we negotiate the remaining change orders, unless some of our customers takes a while once you get the approval of that change order to then get paid, they have to go to Europe and get approval. Our expectation is that by the end of second quarter, we'll start to see some good, strong momentum, and that'll carry over into third quarter, and there's no reason that we can't finish the year strong. You know, the expectation is we'll get back to positive cash flow from operations. Okay. Thanks, guys. Best of luck. I'll turn it over. Thanks, Brent Thielman. Thank you. Our next question comes from the line of Adam Thalhimer with Thompson Davis & Co. Please proceed with your question. Hey, good morning, guys. Sorry on the tough start to the year. I did wanna make sure I understood, JP, your comments about kind of as you enter the meat of the 2022 construction season. Basically, the message is. Look, we're starting a bunch of jobs. We have no problem projects. Absent a further spike in inflation or kind of new equipment availability issues, you know, we expect normal-ish margins on all these jobs. Is that right? I think it's said pretty well. Yes. How do you see this year playing out in the Renewable segment? Like, how much do you expect wind to be down versus solar up? Well, I think we're pretty well set for the year. Yeah, I think we're gonna see from historicals, I think wind is probably gonna be down $200 million in revenue, which is gonna be offset by what we're up in solar, if not further offset by what we're up in solar. Hence, you know, we have a strong conviction in our revised revenue guidance, so obviously revenue's up on a year-over-year basis. We expect the segment to be up, and probably anything down in wind would be more than offset from solar. Okay. The heavy civil issue where some clients are balking at where the bids are coming in, is that a specific state, or is that pretty widespread? Pretty widespread. You know, I've seen personally if you look at lettings from the last couple months, Colorado in particular has rejected numerous bids over the engineer's estimate. Indiana, I don't think one project in the April letting actually was released. I think they were all over the estimate. Illinois, many of them have been over the estimate, not all. We're starting to slowly see the DOTs, the municipalities revise their estimates. Coincidentally, there are a few states like California that there are state statute or procedures that allow them more latitude in inflationary periods like this to award projects. On our West Coast work, we haven't seen as much of that effect, but certainly in those states that I mentioned, the last quarter, it's been pretty challenging to get projects awarded that are public in nature. Okay. Good color. That's helpful. Just lastly, on environmental, can you give us a sense of whether there are any kind of big jobs being bid right now along the lines of the Dominion job that you won last year? What's the potential timing on those? Well, we do have projects in the queue for bidding, but I would caution you on being in the order of magnitude of Dominion. I think that's the largest one in the United States to date. There's not many of that size at least right now. But what I would call multi-year significant material-type projects. Yeah, we have them in the bidding queue and we do expect opportunities to come forward, IEA, in that market prior to or in this fiscal year. Okay. Thanks for the time. Yeah. Thank you, Adam. Thank you. Ladies and gentlemen, as a reminder, if you'd like to join the question queue, please press star one on your telephone keypad. Our next question comes from the line of Brian Russo with Sidoti & Company. Please proceed with your question. Yeah. Hi, good morning. Morning. Morning. Hey, I'm just curious, the four kind of distinct profiles of your solar customers. Can you weigh those and kinda correlate to what you're seeing in, you know, in the next 12-month backlog? You know, just to assess kinda, you know, the risk there. Our solar customer base is pretty well made up of two distinct groups right now. The large European IPPs like Enel is one portion of our customer group. Then, you know, Silicon Ranch, who we've mentioned in the commentary, is another major, they're a domestic-based IPP. I would say, you know, the two distinct issues we have this year is we do have some of our projects that have modules that are being supplied and are or would otherwise be subject to this tariff that's being proposed. Fortunately, those projects are all moving forward, at least, mostly moving forward. We're installing all the civil and mechanical on those projects and electrical. Basically, we'll come back and install the modules at a later date once the tariff is hopefully dealt with. That later date could be later this year, it could be next year, depending on who you listen to. This tariff may be dealt with as early as next week on May sixteenth, or it could take up until sometime next year, 2023, to be resolved. Certainly, we hope sooner rather than later. All of our projects right now that have module sourcing that are subject to the tariff, we're continuing on and building those projects mechanically and electrically. The other group of projects, mostly Silicon Ranch, is they have domestic-based modules, so they're not subject to the tariff, and we will complete those projects through, you know, through 100% substantial completion yet this year. Those are all those scenarios or both of those scenarios that I just mentioned are baked into our forecast and are part of the guidance that we provided today. Okay, got it. It's fair to say that those three or four contracts you recently signed and discussed earlier in the year, you know, are on schedule and on budget in terms of, you know, timeline and sequencing. They are up until. You know, the only caveat I would say to that is the delivery of the modules, of course, are up to the owner. You know, whether it's wind or solar, you're always subject to when they ultimately deliver them. They're currently as planned, they're on schedule, yes. Okay, great. Just switching gears quickly to the Specialty Civil segment and in the environmental operating group, nearly double the revenue first quarter versus last year's first quarter. Is that $47 million? Is that kind of a new run rate, you know, albeit contingent on some seasonality, you know, related to the environmental remediation contract you have with Dominion? The answer to that is yes. We think actually that for the rest of the year, we'll do better than that. There's some active bidding going on, and we believe there's some opportunities that will give us a chance to both enhance the work on coal ash remediation and some of the work that we do on rail work. Yes, we should be at that level, again, depending on seasonality, going forward at least, and probably better. Okay. I suppose that operating group has higher operating margins than rail and heavy civil? The answer is yes. They burn up a little more cash because they use a lot more equipment. Overall, they generally tend to be somewhat higher in the margins. Now, there are certain rail product Projects that we can get that can really add to margin. Overall, yes, they're gonna have a slightly higher margin than some of the other work we do. Okay, great. Thank you very much. Thank you. Thank you. Our next question comes from the line of Noelle Dilts with Stifel. Please proceed with your question. Hi there. Sorry if I missed this, but could you quantify in the quarter how much, you know, I think when you recognize that you'll have higher costs to complete the projects, so you kind of take all of that in the quarter. Did you quantify how much of that, you sort of bore in the first quarter? Well, without making you into a cost accounting specialist, we had about $12.9 million of margin hits that we took in the first quarter for projects that were in progress at the start of the quarter. When you reforecast, when you change your estimated cost to complete, you have to go look at where you were at the start of the quarter on any of those projects and take an immediate hit. That was about $12.9 million of the hit. Unfortunately, you are also gonna make your margin on those projects lower as you go forward. Right. You know, to recognize the added cost. I'd say $12.9 was an immediate hit to the quarter. Okay. All right, thank you. I guess I'm just curious how you guys are thinking about, you know, what the market looks like for solar if we do see a tariff implemented or if we, you know, or if we don't see a significant tariff implemented on panels. How are you thinking about sort of, you know, what those scenarios mean for, say, demand even looking into 2023? Well, you know, certainly I think the industry is not looking at many scenarios where the tariff is implemented. I think kind of across the board, the industry believes pretty strongly that it won't ultimately be implemented. I guess you never know. All you know, kind of without exception, all our customers, trade association, et cetera, is looking at the tariff not ultimately being implemented. Certainly it would if it would be implemented, it would, there's no way this administration would ever reach its clean energy goals anytime soon. All that being said, the momentum behind solar projects is not slowing down. You know, we're certainly cognizant of these near-term headwinds, but the bidding environment, the negotiations for next year, they don't slow down. I think the industry is preparing itself for the tariff to be shot down. We just don't see much change in momentum currently. Okay. Got it. Thank you. Thanks, Noelle. Thank you. Ladies and gentlemen, that concludes our time allowed for questions. I'll turn the floor back to Mr. Roehm for any final comments. Well, thank you, operator. We appreciate everybody joining our first quarter call here for 2022. Everybody stay safe, and we look forward to seeing you all in early August as we report our Q2 results. Thank you. Have a good day. Thank you. This concludes today's conference. You may disconnect your lines at this time. Thank you for your participation.