Paycom Software, Inc. (NYSE:PAYC) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET

Company Participants

James Samford - Head of IR
Chad Richison - President & CEO
Craig Boelte - CFO

Conference Call Participants

Raimo Lenschow - Barclays
Samad Samana - Jefferies
Mark Marcon - Baird
Joshua Reilly - Needham
Steven Enders - Citi
Kevin McVeigh - UBS
Phillip Leytes - Mizuho
Zane Meehan - KeyBanc
Ryan Krieger - Wolfe Research
Bhavin Shah - Deutsche Bank
Daniel Jester - BMO
Jared Levine - TD Cowen
Zachary Gunn - FT Partners

Operator

Good afternoon. Thank you for attending the Paycom Software Second Quarter 2024 Quarterly Results Conference Call. My name is Cameron, and I'll be your moderator for today. All lines will be muted during the presentation portion of the call, with an opportunity for questions-and-answers at the end.

I would now like to pass the conference over to your host, James Samford, Head of Investor Relations. You may proceed.

James Samford

Thank you, and welcome to Paycom's earnings conference call for the second quarter of 2024. Certain statements made on this call that are not historical facts, including those related to our future plans, objectives, and expected performance are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements represent our outlook only as of the date of this conference call. While we believe any forward-looking statements made on this call are reasonable, actual results may differ materially because the statements are based on the current expectations and subject to risks and uncertainties. These risks and uncertainties are discussed in our filings with the SEC, including our most recent annual report on Form 10-K.

You should refer to and consider these factors when relying on such forward-looking information. Any forward-looking statement made speaks only as of the date on which it is made, and we do not undertake and expressly disclaim any obligation to update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

Also during today's call, we will refer to certain non-GAAP financial measures, including adjusted EBITDA, non-GAAP net income, and certain adjusted expenses. We use these non-GAAP financial measures to review and assess our performance and for planning purposes. A reconciliation schedule showing GAAP versus non-GAAP results is included in the press release that we issued after the close of the market today and is available on our website at investors.paycom.com.