Procore Technologies, Inc. (NYSE:PCOR) Q4 2022 Earnings Conference Call February 16, 2023 5:00 PM ET

Company Participants

Matthew Puljiz - Investor Relations

Tooey Courtemanche - Founder, President and Chief Executive Officer

Paul Lyandres - Chief Financial Officer

Howard Fu - Senior Vice President, Finance

Conference Call Participants

Luv Sodha - Jefferies

Saket Kalia - Barclays

Sterling Auty - SVB

DJ Hynes - Canaccord

Brent Bracelin - Piper Sandler

Adam Borg - Stifel

Dylan Becker - William Blair

Ken Wong - Oppenheimer

Nick Altmann - Scotiabank

Operator

Good afternoon. Thank you for attending Procore’s Fourth Quarter 2022 Earnings Call. My name is Matt and I will be your operator for today’s call. [Operator Instructions] I would now like to pass the conference over to our host, Matthew Puljiz. Matthew, please go ahead.

Matthew Puljiz

Thanks. Good afternoon and welcome to Procore’s 2022 fourth quarter earnings call. I am Matthew Puljiz, VP of FP&A and Investor Relations. With me today are Tooey Courtemanche, Founder, President and CEO; Paul Lyandres, CFO; and Howard Fu, SVP of Finance.

Further disclosure of our results can be found in our press release issued today, which is available on the Investor Relations section of our website and our periodic reports filed with the SEC. Today’s call is being recorded and a replay will be available following the conclusion of the call.

Comments made on this call may include forward-looking statements regarding our financial results, products, customer demand, operations, macroeconomic and geopolitical conditions, including the impact of COVID-19 on our business and other matters. You should not rely on forward-looking statements as a prediction of future events. All forward-looking statements are subject to risks, uncertainties and assumptions and are based on management’s current expectations and views as of today, February 16, 2023. Procore undertakes no obligation to update any forward-looking statements to reflect new information or unanticipated events, except as required by law. If this call is replayed reviewed after today, the information presented during the call may not contain current or accurate information. Therefore, these statements should not be relied upon as representing our views as of any subsequent date.

We will also refer to certain non-GAAP financial measures to provide additional information to investors. A reconciliation of non-GAAP to GAAP measures is provided in our press release. Additionally, we may refer to certain results as organic, which we generally define as business performance or results that exclude the acquisition of Levelset. However, with respect to our customer count metrics, we define organic to mean customers under Procore contracts.