TopBuild Corporation (NYSE:BLD) Q1 2022 Results Conference Call May 5, 2022 9:00 AM ET

Company Participants

Tabitha Zane - Vice President of Investor Relations

Robert Buck - President & Chief Executive Officer

Rob Kuhns - Chief Financial Officer

Conference Call Participants

Stephen Kim - Evercore

Ken Zener - KeyBanc

Adam Baumgarten - Zelman

Keith Hughes - Truist

Trey Grooms - Stephens

Phil Ng - Jefferies

Douglas Wardlaw - JPMorgan

Ryan Gilbert - BTIG

Operator

Greetings and welcome to TopBuild's First Quarter Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Tabitha Zane, Vice President of Investor Relations. Thank you. 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 first 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. Before discussing our first quarter results, I would like to make a few comments regarding our view of the U.S. housing industry. We recognize that there are concerns that rising home prices, led by higher interest rates and an inflationary environment, could dampen consumer demand. And we agree there is a possibility that some consumers to be priced out of the market. Where we differ is with the sentiment that these factors will cause a material downturn in the U.S. housing industry.