Page 5 - Q4_2020_Rosendin_Newsletter

Pivoting

for Change the accounting team issued more than 4,000 payroll checks. IT was able to provide everyone with

the equipment and tools necessary to continue working. The importance of those things cannot be
downplayed because they help to provide everyone a sense of security and continuity that is so
important in times of crisis.

While we all have faced varying degrees of change and impact due to the coronavirus, it is with some
sense of amazement mixed with pride that we stand here today in a very similar situation to last
December. This has not been an easy year for anyone, but I congratulate you on how effortless you have
made it look to make the transitions and pivots. I know what a tremendous effort goes into it all, and I
and Impact thank you for it.

The fact that we can now look back on the year that was and continue to be proud of all the men and
women of Rosendin is something that I will carry with me for many years. Without the hard work and
dedication of our craft workers and office teams, we would not be able to cite these impressive statistics:
We will end this year with more than $2 billion in revenue and with a backlog over $3B. Most importantly,
we will end the year safely – having worked nearly 10 million labor hours with a total recordable incident
rate of .88. Those are hours worked even with the temporary work stoppages.

In the midst of it all, we have found a way to live our Core Values in a more focused way here at
Rosendin. In July, we formally launched The Rosendin Foundation, an official 501(c)(3) organization, to
provide a clear means to pursue the philanthropic efforts of Rosendin and our sister company, Modular
A Message from Mike Greenawalt, CEO Power Solutions. Rosendin has always worked to build our communities and our people. With The
Rosendin Foundation, we are now able to focus our efforts on achieving those goals. For the first three
years, The Rosendin Foundation will focus on emotional, nutritional, and occupational health. And what
a timely launch it has been. Organizations in all three areas have been faced with unprecedented need
during the coronavirus crisis. To date, The Rosendin Foundation has provided more than $142,500 in
donations to food banks, domestic violence shelters, and suicide prevention organizations. In a time of
incredible need, I’m proud of the work that The Rosendin Foundation has accomplished in only a few
I’ve spent a great deal of time reflecting on how the last 13 months. We are living our core values of “We Care” and “We Share” to the fullest.
months have unfolded. In December 2019, I was eager to
begin the next 100 years of Rosendin’s story. As I stood in that We face 2021 with another historical backlog, exciting new projects getting underway, and abundant
hotel ballroom in San Jose looking out at the women and men who opportunity. We are on the right track, in the right markets and geographical areas, and we continue to do
help to lead and guide Rosendin, I felt immense pride. Because those what is right for Rosendin. Rosendin is an organization that is filled with the best in our industry. Our craft
women and men are the best and brightest that our industry has to workers continue to build some of the most technologically advanced facilities, whether it’s a hospital,
offer. I felt proud to be counted among them. event center, or data center. We continue to complete landmark, visually stunning projects, including
stadiums and solar fields stretching hundreds of acres.
We began the year with a sense of excitement; the Executive
Team and I were looking forward to getting out there to job Through all of the hardship and challenges of 2020, we have continued to succeed in our mission to build
sites and offices. We had a historical backlog, new projects quality, build value, and build people. I’m grateful to lead a company filled with so many talented, resilient,
getting underway, and so much opportunity. We had a plan and determined women and men.
and vision for how all of the pieces came together to achieve
our goals. February brought us back to earth a bit when the Thank you,
coronavirus began to impact Rosendin. I feel I must again
stress how successfully and quickly we were able to pivot as as
a company. The day after we shifted to a remote work plan, our Mike

4 The Feeder | Issue 4, 2020 Issue 4, 2020 | The Feeder 5