Vertex, Inc. (NASDAQ:VERX) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET
Company Participants
Joe Crivelli - Vice President, Investor Relations
David DeStefano - President & Chief Executive Officer
John Schwab - Chief Financial Officer
Conference Call Participants
Joshua Reilly - Needham
Steve Enders - Citi
Chris Quintero - Morgan Stanley
Alex Sklar - Raymond James
Daniel Jester - BMO Capital Markets
Samad Samana - Jefferies
Jake Roberge - William Blair
Rob Oliver - Baird
Adam Hotchkiss - Goldman Sachs
Brad Reback - Stifel
Natalie Howe - Bank of America
Patrick Walravens - Citizens JMP Securities
Operator
Good day, and welcome to the Vertex Inc. Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask question. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Joe Crivelli, Vice President, Investor Relations. Please go ahead.
Joe Crivelli
Hello, and thanks for joining us to discuss Vertex's third quarter financial results. I'm Joe Crivelli, Vice President, Investor Relations. David DeStefano, our President and CEO; and John Schwab, our CFO are with us also today.
During this call, we may make forward-looking statements about expected future results. Actual financial results may differ due to risks and uncertainties. These risks and uncertainties are described in our filings with the Securities and Exchange Commission. In our remarks today, we will also refer to non-GAAP financial metrics. A reconciliation of these metrics to GAAP is provided in today's press release. The call is being recorded and will be available for replay on our Investor Relations Web site.
I'll now turn the call over to David.
David DeStefano
Welcome, everyone, and thank you for joining us. In the third quarter of 2024, Vertex delivered very strong financial results, while advancing our long-term strategic and financial priorities. From a financial standpoint, we delivered strong revenue growth, adjusted EBITDA and free cash flow, and we were GAAP earnings positive for the fourth quarter in a row. In addition, we achieved a significant strategic goal in late August when we completed our announced acquisition of ecosio, a fast growing EDI and e-invoicing company based in Austria.
We are very excited to have ecosio as part of the Vertex family. We believe our combined solution will be a springboard for sustained growth in international markets where value-added tax is the main source of indirect tax revenue for governments. Our combined Vertex e-invoicing solution is powered by our global tax content and built on our data platform. This allows our customers to effectively manage the entire indirect tax workflow from tax determination and compliance to planning and audit defense through a single platform. This creates tremendous value for our Vertex community.