EverCommerce Inc. (NASDAQ:EVCM) Q4 2022 Earnings Conference Call March 15, 2023 5:00 PM ET

Company Participants

Brad Korch - SVP & Head of IR

Eric Remer - Founder, Chairman & CEO

Marc Thompson - CFO

Matt Feierstein - President

Conference Call Participants

DJ Hynes - Canaccord Genuity

Jeremy Sahler - Jefferies

Bhavin Shah - Deutsche Bank

Brad Reback - Stifel

Operator

Thank you for standing by, and welcome to EverCommerce's Fiscal Year 2022 Fourth Quarter Earnings Call. My name is Sarah, and I will be your operator for today. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] As a reminder, this conference call is being recorded today, Wednesday, March 15, 2023.

And I would now like to turn the conference over to Brad Korch, SVP and Head of Investor Relations for EverCommerce. Please go ahead.

Brad Korch

Good afternoon. Thank you for joining. Today's call will be led by Eric Remer, EverCommerce's Chairman and Chief Executive Officer; and Marc Thompson, EverCommerce's Chief Financial Officer. Joining them for the Q&A portion of the call is EverCommerce's President, Matt Feierstein.

This call is being webcast with a slide presentation that reviews the key financial and operating results for the three months ended December 31, 2022. For a link to the live or replay webcast, please visit the Investor Relations section of the EverCommerce website, www.evercommerce.com. The slide presentation and earnings release are also directly available on the site.

Please turn to Page 2 of our earnings call presentation while I review our safe harbor statement. Statements made on this call and contained in the earnings materials available on our website that are not historical in nature may constitute forward-looking statements. Such statements are based on the current expectations and beliefs of management.

Actual results may differ materially from these forward-looking statements due to risks and uncertainties that are described in more detail in our filings with the SEC. We undertake no obligation to publicly update or revise these forward-looking statements, except as required by law.

We will also refer to certain non-GAAP financial measures to provide additional information to you, our investors. A reconciliation of non-GAAP to GAAP historical measures is provided in both our earnings press release and our earnings call presentation.

I will now turn the presentation over to our CEO, Eric Remer.

Eric Remer

Thank you, Brad. On today's call, I will highlight fourth quarter results and discuss key economic trends and metrics before turning the call over to Marc to dive deep into our financials. EverCommerce finished the year strong, beating the top end of the fourth quarter guidance for both revenue and adjusted EBITDA. For the quarter, our reported year-over-year revenue growth was 19%. And normalizing the effects of M&A, our pro forma revenue growth was 14% for the quarter. For 2022, our year-over-year pro forma revenue growth was 16%.