Piper Sandler Companies (NYSE:PIPR) Q2 2022 Earnings Conference Call July 29, 2022 9:00 AM ET

Company Participants

Chad Abraham - Chairman and Chief Executive Officer

Deb Schoneman - President

Tim Carter - Chief Financial Officer

Conference Call Participants

James Yaro - Goldman Sachs

Devin Ryan - JMP Securities

Brendan O’Brien - Wolfe Research

Mike Grondahl - Northland Securities

Operator

Good morning and welcome to the Piper Sandler Companies conference call to discuss the Financial Results for the Second Quarter of 2022. [Operator Instructions] The company has asked that I remind you that statements on this call are not historical or current facts, including statements about beliefs and expectations are forward-looking statements that involve inherent risks and uncertainties. Factors that could cause actual results to differ materially from those anticipated are identified in the company’s earnings release and reports on file with the SEC, which are available on the company’s website at pipersandler.com and on the SEC website at sec.gov.

This call will also include statements regarding certain non-GAAP financial measures. The non-GAAP measures should be considered in addition to and not a substitute for measures of financial performance prepared in accordance with GAAP. Please refer to the company’s earnings release issued today for a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures. The earnings release is available on the Investor Relations page of the company’s website and at the SEC website. As a reminder, this call is being recorded.

And now I’d like to turn the call over to Mr. Chad Abraham. Mr. Abraham, you may begin your call.

Chad Abraham

Good morning and thank you for joining us. I’m here with Deb Schoneman, our President; and Tim Carter, our CFO. We will go through our prepared remarks and then open up the call for questions.

The firm delivered solid performance during the quarter, and we continue to invest in acquisitions to expand our areas of focus and accelerate long-term growth. Our business proved resilient against a challenging backdrop, reflecting the benefits of a diversified business model. Our strategy is focused around growing our advisory business through sector and product expansion as well as continuing to add scale and increasing market share in our Financing and Brokerage businesses through market cycles. While the macro environment remains uncertain, I am confident about our position in the market and our ability to execute on our growth strategy.