8/6/2024

speaker
Brianna
Call Operator

Thank you for standing by and welcome to the EverCommerce's second quarter 2024 earnings call. My name is Brianna and I will be your operator for today. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one one again. As a reminder, this conference call is being recorded today, Tuesday, August 6, 2024. And I would now like to turn the conference over to Brad Korch, SVP and Head of Investor Relations for EverCommerce. Please go ahead.

speaker
Brad Korch
SVP and Head of Investor Relations

Good afternoon and thank you for joining.

speaker
Brad Korch
SVP and Head of Investor Relations

Today's call will be led by Eric Reamer, EverCommerce's Chairman and Chief Executive Officer, and Mark Thompson, EverCommerce's Chief Financial Officer. Joining them for the Q&A portion of the call is EverCommerce's president, Matt Feierstein, EverCommerce's incoming chief financial officer and current chief accounting officer, Ryan Surek, and EverCommerce's chief operating officer, Evan Berlin. This call is being webcast with a slide presentation that reviews the key financial and operating results for the three months ended June 30th, 2024. For a link to the live or replay webcast, please visit the investor relations section of the EverCommerce website, www.evercommerce.com. The slide presentation and earnings release are also directly available on the site. Please turn to page two of our earnings call presentation while I review our safe harbor statement. Statements made on this call and containing the earnings materials available on our website that are not historical in nature may constitute forward-looking statements. Such statements are based on the current expectations and beliefs of management. Actual results may differ materially from these forward-looking statements due to risks and uncertainties that are described in more detail in our filings of the SEC. We undertake no obligation to publicly update or revise these forward-looking statements, except as required by law. We will also refer to certain non-GAAP financial measures to provide additional information to you, our investors. A reconciliation of non-GAAP to GAAP historical measures is provided in both our earnings press release and our earnings call presentation. Before we discuss second quarter results, I would like to once again highlight the presentation of results and KPIs included in the earnings call slides and our prepared comments. As discussed last quarter, we announced the sale of our four fitness industry solutions in early March. The sale of the two North American solutions closed simultaneous with deal signing on March 13th, and the two international solutions closed on July 1st. Our GAAP results include the two North American solutions to the date of closing, while the two international solutions are held for sale and continue to be reported as a result of operations through the second quarter of 2024. As a result, revenue growth rates are affected by the sale of the North American assets. Operational metrics such as customer count, TPV, and customers enabled for more than one solution that we will discuss today have all been adjusted to exclude the fitness solutions on a pro forma basis. I will now turn it over to our CEO, Eric Reamer. Please continue.

Disclaimer

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Investor presentation