Builders FirstSource, Inc. (NYSE:BLDR) Q1 2024 Earnings Conference Call May 7, 2024 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
Mike Dahl - RBC Capital Markets
Trey Grooms - Stephens
Rafe Jadrosich - Bank of America
Keith Hughes - Truist
Adam Baumgarten - Zelman & Associates
Stanley Elliott - Stifel
Collin Verron - Jefferies
Tyler Batory - Oppenheimer
David Manthey - Baird
Jay McCanless - Wedbush
Ketan Mamtora - BMO Capital Markets
Operator
Good day everyone and welcome to the Builders FirstSource First Quarter 2024 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 first quarter 2024 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 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. Our resilient first quarter results reflect our differentiated product portfolio and scale, our team members consistent focus on executing our strategic priorities, and our operational efficiency initiatives.
As we expected, a weakening multifamily market and higher mortgage rates, driving affordability challenges were headwinds to start the year. Despite these micro challenges, we built on our successes and drove growth through our value-added products portfolio in our industry-leading digital platform. We are committed to advancing innovation and delivering exceptional customer service as a trusted and preferred partner to our customers.