TopBuild Corp. (NYSE:BLD) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET

Company Participants

Tabitha Zane - Vice President, Investor Relations

Robert Buck - President and Chief Executive Officer

Robert Kuhns - Chief Financial Officer

Conference Call Participants

Kenneth Zener - Seaport Research Partners

Stephen Kim - Evercore

Joseph Ahlersmeyer - Deutsche Bank

Jeffrey Stevenson - Loop Capital Markets

Adam Baumgarten - Zelman & Associates

Phil Ng - Jefferies

Keith Hughes - Truist Securities

Noah Merkousko - Stephens

Michael Rehaut - JPMorgan

Rafe Jadrosich - Bank of America

Reuben Garner - Benchmark Company

Operator

Greetings, and welcome to the TopBuild Second Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Miss. Tabitha Zane, Vice President, Investor Relations. Thank you, Miss. Zane. You may begin.

Tabitha Zane

Thank you, and good morning. On the call today are Robert Buck, President and Chief Executive Officer; and Rob Kuhns, Chief Financial Officer.

We have posted senior management’s formal remarks and a PowerPoint presentation that summarizes our comments on our website at topbuild.com. Many of our remarks will include forward-looking statements which are subject to known and unknown risks and uncertainties, including those set forth in this morning’s press release as well as in the company’s filings with the SEC. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Please note that some of the financial measures to be discussed on this call will be on a non-GAAP basis. The non-GAAP measures are not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. We have provided a reconciliation of these financial measures to the most comparable GAAP measures in a table included in today’s press release and in our second quarter presentation which can also be found on our website.

I will now turn the call over to Robert Buck.

Robert Buck

Good morning, and thank you for joining us today. 2023 is shaping up to be a solid year for TopBuild. We continue to operate in a favorable environment and remain focused on driving profitable growth, a cornerstone of our operating model. The volume growth and strong margin expansion we’ve achieved, not only this year but also over the past 8 years since becoming a publicly traded company, is a testament to our entire TopBuild team and our continuing emphasis on operational excellence and driving improvements throughout all areas of our business. Also on display is the strength of our diversified model which affords us multiple avenues for growth and gives us the ability to outperform in any environment.