Compass, Inc. (NYSE:COMP) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET

Company Participants

Richard Simonelli - Senior & Vice President of Investor Relations
Robert Reffkin - Founder & Chief Executive Officer
Kalani Reelitz - Chief Financial Officer

Conference Call Participants

Matthew Bouley - Barclays
Jason Helfstein - Oppenheimer
Bernie McTernan - Needham & Company
Soham Bhonsle - BTIG
Michael Ng - Goldman Sachs
Ryan McKeveny - Zelman & Associates

Operator

Ladies and gentlemen, thank you for standing by. My name is Aaron, and I will be your conference operator for today. At this time, I would like to welcome everyone to the Compass Incorporated Q2 2024 Financial Results Call. All lines have been placed on mute to prevent any background noise. After the speaker remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I would now like to turn our call over to Richard Simonelli, Senior and Vice President of Investor Relations. Please go ahead.

Richard Simonelli

Thank you, operator, and good afternoon, everyone, and thank you for joining the Compass second quarter earnings call. Joining us today will be Robert Reffkin, our Founder and Chief Executive Officer; and Kalani Reelitz, our Chief Financial Officer.

Discussing our company's performance, we will refer to some non-GAAP measures. You can find the reconciliation of these non-GAAP measures to the most directly comparable GAAP measures in our second quarter 2024 earnings release, which we posted on our Investor Relations site earlier today.

We will be making forward-looking statements that are based on our current expectations, forecasts and assumptions and involve risks and uncertainties. These statements include our guidance for the third quarter of 2024 and full year 2024, including comments related to our operating expenses and free cash flow as well as our expectations for operational achievements.

Our actual results may differ materially from these statements. You can find more information about risks uncertainties and other factors that could affect our results in our most recent annual report on Form 10-K and quarterly reports on Form 10-Q filed with the SEC also available on our Investor Relations website.

You should not place undue reliance on any forward-looking statements and all information in this presentation today is as of today July 31. We expressly disclaim any obligation to update this information.

I'll now turn the call over to Robert Reffkin. Robert?

Robert Reffkin

Thank for joining us today for our second quarter 2024 results conference call. Today, I will discuss our second quarter results, our 30-30 vision to strengthen our structural advantages, an update on the impact of the NAR settlement. And finally, I will discuss our continued commitment to reduce stock-based compensation and equity dilution.