Summit Materials, Inc. (NYSE:SUM) Q1 2023 Earnings Conference Call May 4, 2023 12:00 PM ET

Company Participants

Andy Larkin - Vice President of Investor Relations

Anne Noonan - Chief Executive Officer

Scott Anderson - Chief Financial Officer

Conference Call Participants

Stanley Elliott - Stifel

Trey Grooms - Stephens

Keith Hughes - Truist

Brent Thielman - D.A. Davidson

Adam Thalhimer - Thompson Davis

Philip Ng - Jefferies

Dillon Cumming - Morgan Stanley

Anthony Pettinari - Citigroup

David MacGregor - Longbow Research

Kathryn Thompson - Thompson Research Group

Mike Dahl - RBC Capital Markets

Jerry Revich - Goldman Sachs

Garik Shmois - Loop Capital Markets

Operator

Hello. We are now ready to begin the Summit Materials First Quarter 2023 Conference Call.

I'll now hand the call over to Andy Larkin, Vice President of Investor Relations. Andy, you may begin.

Andy Larkin

Hello and welcome to the Summit Materials first quarter 2023 results conference call. Yesterday afternoon we issued a press release, detailing our financial and operating results. Today's call is accompanied by an investor presentation and supplemental workbook, highlighting key financial and operating data. All of these materials can be found on our Investor Relations website.

Management's commentary in response to questions on today's call may include forward-looking statements, which by their nature are uncertain and outside of Summit Materials control. Although, these forward-looking statements are based on management's current expectations and beliefs, actual results may differ in a material way. For a discussion of some of the factors that could cause actual results to differ, please see the Risk Factors section of Summit Material's latest Annual Report on Form 10-K, which is filed with the SEC. You can find reconciliations of the historical non-GAAP financial measures discussed in today's call in our press release.

Today I'm joined by Summit CEO, Anne Noonan; and our new Chief Financial Officer, Scott Anderson. Anne will provide a brief business update. Scott will review our financial performance. And then we'll conclude our prepared remarks with our view on the path forward. After that, we will open the line for questions. Please limit your ask to one question and then return to the queue, so we can accommodate as many analysts as possible in the time we have available.

I'll now turn the call over to Anne.

Anne Noonan

Thanks, Andy, and hello to everyone joining today's call. Before I start, I wanted to publicly thank Brian Harris for his graciousness and generosity during this leadership transition. I also want to welcome Scott to these quarterly calls. As he settles into the CFO role, he is making an immediate and positive impact on our business and we look forward to more fully introducing him to the investor community in the weeks and months that follow.