Walker & Dunlop, Inc. (NYSE:WD) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET

Company Participants

Kelsey Duffey – Senior Vice President-Investor Relations
Willy Walker – Chairman and Chief Executive Officer
Greg Florkowski – Chief Financial Officer

Conference Call Participants

Jade Rahmani – KBW
Steve DeLaney – Citizens JMP
Derek Sommers – Jefferies
Brian Violino – Wedbush Securities

Operator

Good day, and welcome to the Q2 2024 Walker & Dunlop, Inc. Earnings Call. Today’s conference is being recorded. At this time, I’d like to turn the conference over to Kelsey Duffey. Please go ahead, ma’am.

Kelsey Duffey

Thank you, Lisa. Good morning, everyone. Thank you for joining Walker & Dunlop’s second quarter 2024 earnings call. I have with me this morning our Chairman and CEO, Willy Walker; and our CFO, Greg Florkowski.

This call is being webcast live on our website and a recording will be available later today. Both our earnings press release and website provide details on accessing the archived webcast. This morning, we posted our earnings release and presentation to the Investor Relations section of our website, www.walkerdunlop.com. These slides serve as a reference point for some of what Willy and Greg will touch on during the call.

Please also note that we will reference the non-GAAP financial metrics, adjusted EBITDA, and adjusted core EPS during the course of this call. Please refer to the appendix of the earnings presentation for a reconciliation of these non-GAAP financial metrics. Investors are urged to carefully read the forward-looking statements language in our earnings release. Statements made on this call, which are non-historical facts, may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements describe our current expectations and actual results may differ materially. Walker & Dunlop is under no obligation to update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise. We expressly disclaim any obligation to do so. More detailed information about risk factors can be found in our annual and quarterly reports filed with the SEC.

I will now turn the call over to Willy.

Willy Walker

Thank you, Kelsey, and good morning, everyone. We held Walker & Dunlop’s Annual Summer Conference in Sun Valley, Idaho two weeks ago with some of the largest and most active investors in commercial real estate. The sentiment at the conference was that after two years of rising interest rates and limited investment activity, it is time to get active again.