Builders FirstSource, Inc. (NYSE:BLDR) Q3 2023 Earnings Conference Call November 1, 2023 9:00 AM ET

Company Participants

Heather Kos - Senior Vice President, Investor Relations

Dave Rush - Chief Executive Officer

Peter Jackson - Chief Financial Officer

Conference Call Participants

Matthew Bouley - Barclays

Trey Grooms - Stephens

Joe Ahlersmeyer - Deutsche Bank

Keith Hughes - Truist

Collin Verron - Jefferies

Adam Baumgarten - Zelman

Kurt Yinger - D.A. Davidson

Quinn Fredrickson - Baird

Mike Dahl - RBC Capital Markets

Ketan Mamtora - BMO Capital Markets

Steven Ramsey - Thompson Research Group

Operator

Good day. And welcome to the Builders FirstSource Third Quarter 2023 Earnings Conference Call. Today’s call is scheduled to last about one hour, including remarks by management and the question-and-answer session. [Operator Instructions]

I’d now like to turn the call over to Heather Kos, Senior Vice President, Investor Relations for Builders FirstSource. Please go ahead.

Heather Kos

Good morning. And welcome to our third quarter earnings call. With me on the call are Dave Rush, our CEO; and Peter Jackson, our CFO. The earnings press release and investor presentation are available on our website at investors.bldr.com. We will refer to several slides from the investor presentation during our call.

The results discussed today include GAAP and non-GAAP results adjusted for certain items. We provide these non-GAAP results for informational purposes and they should be considered in isolation from the most directly comparable GAAP measures.

You can find the reconciliation of these non-GAAP measures to the corresponding GAAP measures where applicable and a discussion of why we believe they can be useful to investors in our earnings press release, SEC filings and presentation.

Our remarks in the press release, presentation and on this call contain forward-looking and cautionary statements within the meaning of the Private Securities Litigation Reform Act and projections of future results.

Please review the forward-looking statements section in today’s press release and in our SEC filings for various factors that could cause our actual results to differ from forward-looking statements and projections.

With that, I’ll turn the call over to Dave.

Dave Rush

Thank you, Heather. Good morning, everyone, and thanks for joining our call. Before we begin, I want to formally welcome Heather to the Builders FirstSource team. We are excited to have someone with her deep knowledge and decades of experience leading Investor Relations, which is a critical function here. Heather, welcome.

Now on to our Q3 performance. Despite industry volatility caused by macroeconomic headwinds, our resilient third quarter results reflect the strength of our value-added portfolio, broad footprint and operational initiatives we have put in place over the past several years.