Installed Building Products, Inc. (NYSE:IBP) Q1 2022 Earnings Conference Call May 5, 2022 10:00 AM ET

Company Participants

Darren Hicks - Director of Investor Relations

Jeffrey Edwards - Chairman and CEO

Michael Miller - CFO

Jason Niswonger - Chief Administrative & Sustainability Officer

Conference Call Participants

Kenneth Zener - KeyBanc Capital Markets

Trey Grooms - Stephens Inc.

Michael Dahl - RBC Capital Markets

Susan Maklari - Goldman Sachs

Adam Baumgarten - Zelman & Associates

Trey Morrish - Evercore ISI

Keith Hughes - Truist Securities

Douglas Wardlaw - JPMorgan

Daniel Oppenheim - Credit Suisse

Ryan Gilbert - BTIG

Operator

Greetings, and welcome to Installed Building Products Fiscal 2022 First Quarter Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn this conference over to your host, Mr. Darren Hicks, Director of Investor Relations. Thank you, sir. You may begin your presentation.

Darren Hicks

Good morning, and welcome to Installed Building Products First Quarter 2022 Conference Call. Earlier today, we issued a press release on our financial results for the first 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 factors discussed in the Risk Factors section of our company's annual report on Form 10-K as may be updated from time to time in our SEC filings.

Any forward-looking statements 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 to gross profit adjusted gross profit margin and adjusted selling and administrative expense.