Installed Building Products, Inc. (NYSE:IBP) Q3 2022 Earnings Conference Call November 3, 2022 10:00 AM ET

Company Participants

Darren Hicks - Managing Director of Investor Relations

Jeffrey Edwards - Chairman and CEO

Michael Miller - CFO

Conference Call Participants

Stephen Kim - Evercore

Douglas Wardlaw - JPMorgan

Susan Maklari - Goldman Sachs

Adam Baumgarten - Zelman

Jeffrey Stevenson - Loop Capital

Keith Hughes - Truist

Collin Verron - Jefferies

Ryan Frank - RBC Capital

Kenneth Zener - KeyBanc

Operator

Greetings, and welcome to the Installed Building Products Fiscal 2022 Third Quarter Financial Results Conference Call. [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. You may begin.

Darren Hicks

Good morning, and welcome to Installed Building Products Third Quarter 2022 Conference Call. Earlier today, we issued a press release on the financial results for the third 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 COVID-19 crisis, general economic and industry conditions, inflation and interest rates, the material price and supply environment, the timing of increases in our selling prices and the 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 federal securities laws. In addition, management uses certain non-GAAP performance measures on this call, such as 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 adjusted EBITDA for earlier fiscal quarters in our investor presentation, which are available on our website.