Compass, Inc. (NYSE:COMP) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET

Company Participants

Kalani Reelitz - Chief Financial Officer
Soham Bhonsle - Head of Investor Relations
Robert Reffkin - Founder and Chief Executive Officer

Conference Call Participants

Matthew Bouley - Barclays
Matthew Cost - Morgan Stanley
Ryan McKeveny - Zelman & Associates
Jason Helfstein - Oppenheimer & Co. Inc.
Michael Ng - Goldman Sachs
Chris Kuntarich - UBS Group AG

Operator

Thank you for standing by. And at this time, I would like to welcome everyone to today’s Compass Incorporated Q3 2024 Financial Results Call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

So without further ado, I would like to turn the call over to CFO, Kalani Reelitz. Kalani, please go ahead.

Kalani Reelitz

Good afternoon, and thank you for joining the Compass third quarter earnings call. Ahead of our prepared remarks, I want to welcome our new Head of Investor Relations, Soham Bhonsle. Soham comes to us from the sell-side with a decade of experience covering the entire lifecycle of a real estate transaction. He began his career covering the homebuilders and mortgage insurance companies, but over time expanded his expertise into title insurance, mortgage origination, prop tech, home improvement, home furnishings, and of course, the residential brokerage industry. Welcome, Soham. We are excited to have you here at Compass.

Soham Bhonsle

Thank you for the introduction, Kalani. I’m thrilled to be here and look forward to working with all our shareholders and covering analysts going forward. In addition to Kalani, joining us today will be Robert Reffkin, our Founder and CEO.

In 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 third quarter 2024 earnings release posted on our Investor Relations website.

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 fourth quarter of 2024 and full year 2024, including comments related to our expected financial results, 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 the results in our most recent annual report on Form 10-K and quarterly reports on Form 10-Q filed with the SEC and available on our Investor Relations website.