Shift4 Payments, Inc. (NYSE:FOUR) Q1 2023 Earnings Conference Call May 4, 2023 8:30 AM ET

Company Participants

Tom McCrohan - EVP, Strategy & Investor Relations

Jared Isaacman - Chief Executive Officer

Taylor Lauber - President & Chief Strategy Officer

Nancy Disman - Chief Financial Officer

Conference Call Participants

Rayna Kumar - UBS

Timothy Chiodo - Credit Suisse

Will Nance - Goldman Sachs

Darrin Peller - Wolfe Research

Ashwin Shirvaikar - Citi

Andrew Jeffrey - Truist Securities

Operator

Thank you for standing by. My name is Briana, and I will be your conference operator today. At this time I would like to welcome everyone to Shift4's First Quarter 2023 Earnings Conference Call. [Operator Instructions]

I will now turn the call over to Tom McCrohan, you may begin your conference.

Tom McCrohan

Thank you, operator and good morning, everyone and welcome to Shift4's first quarter 2023 earnings conference call. With me on the call today are Jared Isaacman Shift4's Chief Executive Officer, Taylor Lauber, President and Chief Strategy Officer; and Nancy Disman, our Chief Financial Officer.

This call is being webcast on the Investor Relations section of our website, which can be found at investors.shift4.com. Our quarterly shareholder letter, quarterly financial results and other materials related to our quarterly results have all been posted to our IR website. Our call and earnings materials today include forward-looking statements. These statements are not guarantees of future performance and our actual results could differ materially, as the result of certain risks, uncertainties and many important factors. Additional information concerning those factors is available in our most recent reports on Forms 10-K and 10-Q, which you can find on the SEC's website and the Investor Relations section of our corporate website. For any non-GAAP financial information discussed on this call, the related GAAP measures and reconciliations are available in today's quarterly shareholder letter.

With that let me call – turn the call over to Jared. Jared?

Jared Isaacman

Thanks, Tom. Good morning, everyone. So we are pleased to report a reasonably strong start to the year, including quarterly results that we believe will put us on pace to meet or exceed our previously provided guidance ranges. We set quarterly records for end-to-end volume, gross revenue less network fees and free cash flow. Our performance was driven by momentum within our high-growth core, contribution from new verticals and ongoing success converting gateway volume to our end-to-end service.