Paychex, Inc. (NASDAQ:PAYX) Q1 2025 Earnings Conference Call October 1, 2024 9:30 AM ET

Company Participants

Bob Schrader - Chief Financial Officer
John Gibson - President and Chief Executive Officer

Conference Call Participants

Mark Marcon - Baird
Peter Christiansen - Citigroup
Kevin McVeigh - UBS
Bryan Bergin - TD Cowen
Tien-Tsin Huang - JPMorgan
Samad Samana - Jefferies
Andrew Nicholas - William Blair
David Paige - RBC
Nate Svensson - Deutsche Bank
Kartik Mehta - Northcoast Research
Jason Kupferberg - BofA Securities
Scott Wurtzel - Wolfe Research

Operator

Good morning and welcome to the First Quarter 2025 Paychex Earnings Conference Call. Participating on the call today are John Gibson and Bob Schrader. After the speakers’ opening remarks, there will be a question-and-answer period. [Operator Instructions] As a reminder, this conference call is being recorded and your participation implies consent to our recording of this call. If you do not agree with these terms, please disconnect at this time.

I would now like to turn the call over to Bob Schrader, Chief Financial Officer. Please go ahead.

Bob Schrader

Thank you for joining us for our review of Paychex first quarter 2025 financial results. Joining me today is our CEO, John Gibson. This morning before the market opened, we released our financial results for the first quarter ended August 31, 2024. You can access our earnings release and investor presentation on the SEC's website, as well as on our investor relations website. Our Form 10-Q will be filed with the SEC in the next few days. This teleconference is being broadcast over the Internet and will be archived and available on our website for approximately 90-days.

Today's call will contain forward-looking statements that refer to future events and involve some risk. We encourage you to review our filings with the SEC for additional information on factors that could cause actual results to differ from our current expectations.

During our call, we will also reference some non-GAAP financial measures. A description of these items along with our reconciliation of the non-GAPP measures can be found in our earnings release.

I will now turn the call over to our CEO, John Gibson.

John Gibson

Thank you, Bob, and good morning, everyone. I'm going to start today's call with an update on business highlights for the first quarter and then turn it back over to Bob for our financial update and then of course we will open it up for your questions.