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3/25/22, 9:42 AM road -20210930
<br />Table of Contents
<br />Cautionary Statement Regarding Forward -Looking Statements
<br />This report contains forward-looking statements that involve risks and uncertainties, such as statements related to future events,
<br />business strategy, future performance, future operations, backlog, financial position, estimated revenues and losses, projected costs,
<br />prospects, plans and objectives of management. All statements other than statements of historical fact may be forward-looking
<br />statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek," "anticipate," "plan;'
<br />:,continue," "estimate," "expect," "may," "will," "project," "predict," "potential," "target," "intend," "could," "might " "should "
<br />"believe," "outlook" and similar expressions or their negative. Forward-looking statements should not be read as a guarantee of future
<br />performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be
<br />achieved. Forward-looking statements are based on management's belief, based on currently available information, as to the outcome
<br />and timing of future events. These statements involve estimates, assumptions, known and unknown risks, uncertainties and other
<br />factors that may cause actual results or events to differ materially from those expressed in such forward-looking statements. When
<br />evaluating forward-looking statements, you should consider the risk factors and other cautionary statements described below under the
<br />heading "Risk Factors." We believe that the expectations reflected in the forward-looking statements contained in this report are
<br />reasonable, but no assurance can be given that these expectations will prove to be correct. Important factors that could cause actual
<br />results or events to differ materially from those expressed in forward-looking statements include, but are not limited to:
<br />• declines in public infrastructure construction and reductions in government funding, including the funding by transportation
<br />authorities and other state and local agencies;
<br />• risks related to our operating strategy;
<br />• competition for projects in our local markets;
<br />• risks associated with our capital -intensive business;
<br />• a pandemic, such as the pandemic related to the novel strain of coronavirus known as COVID-19 ("COVID-19" ), and the
<br />measures that federal, state and local governments take to address it, which may exacerbate one or more of the risks
<br />mentioned herein and significantly disrupt or prevent us from operating our business for an extended period;
<br />• government inquiries, requirements and initiatives, including those related to funding for public infrastructure construction,
<br />land use, environmental, health and safety matters, and government contracting requirements and other laws and regulations;
<br />• unfavorable economic conditions and restrictive financing markets;
<br />• our ability to successfully identify, manage and integrate acquisitions;
<br />• our ability to obtain sufficient bonding capacity to undertake certain projects;
<br />• our ability to accurately estimate the overall risks, requirements or costs when we bid on or negotiate contracts that are
<br />ultimately awarded to us;
<br />• the cancellation of a significant number of contracts or our disqualification from bidding for new contracts;
<br />• risks related to adverse weather conditions;
<br />• climate change and related laws and regulations;
<br />• our substantial indebtedness and the restrictions imposed on us by the terms thereof;
<br />• our ability to manage our supply chain in a manner that ensures that we are able to obtain adequate raw materials, equipment
<br />and essential supplies;
<br />• our ability to retain key personnel and maintain satisfactory labor relations, and to manage or mitigate any labor shortages,
<br />turnover and labor cost increases;
<br />• properly damage and other claims and insurance coverage issues;
<br />• the outcome of litigation or disputes, including employment-related, workers' compensation and breach of contract claims;
<br />• risks related to our information technology systems and infrastructure, including cybersecurity incidents;
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