Installed Building Products, Inc. (NYSE:IBP) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET
Company Participants
Darren Hicks - MD, IR
Jeff Edwards - Chairman and CEO
Michael Miller - CFO
Jason Niswonger - Chief Administrative and Sustainability Officer
Conference Call Participants
Stephen Kim - Evercore
Ken Zener - Seaport Research Partners
Joe Ahlersmeyer - Deutsche Bank
Susan Maklari - Goldman Sachs
Trey Grooms - Stephens
Adam Baumgarten - Zelman and Associates
Phil Ng - Jefferies
Jeffrey Stevenson - Loop Capital Markets
Keith Hughes - Truist Securities
Operator
Greetings and welcome to the Installed Building Products Fiscal 2023 Second Quarter Financial Results Conference Call. At this time, all participants are in a listen-only mode. A brief 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, Darren Hicks, Managing Director of Investor Relations. Thank you, sir. You may begin.
Darren Hicks
Good morning, and welcome to Installed Building Products second quarter 2023 earnings conference call. Earlier today, we issued a press release on our financial results for the second quarter, which can be found in the Investor Relations section of our website.
On today's call, management's prepared remarks and answers to your questions may contain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements include statements about future expectations, anticipation, beliefs, estimates, forecasts, plans, and prospects. These forward-looking statements are based on management's current expectations and involve risks and uncertainties. Any forward-looking statements made by management during this call is not a guarantee of future performance and actual results may differ materially as a result of various factors, including, without limitation, the adverse impact of the ongoing COVID-19 pandemic, general economic and industry conditions, rising home prices, inflation and interest rates, the material price and supply environment, the timing of increases in our selling prices and factors discussed in the Risk Factors section of the Company's annual report on Form 10-K, as may be updated from time to time in our SEC filings.
Any forward-looking statement speaks only as of the date hereof. The Company undertakes no duty or obligation to update any forward-looking statements as a result of new information or future events, except as required by the federal securities laws. In addition, management uses certain non-GAAP performance measures on this call such as EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted net income per diluted share, adjusted gross profit, adjusted gross profit margin and adjusted selling and administrative expense. You can find a reconciliation of such measures to their nearest GAAP equivalent in the Company's earnings release and additional reconciliation for EBITDA and adjusted EBITDA for earlier fiscal years in our investor presentation, which are available on our website.