Builders FirstSource, Inc.

Good day and welcome to the Builders FirstSource third quarter 2024 earnings conference call. Today's call is scheduled to last about one hour, including remarks by management and the question and answer session. In order to ask a question, please press the star key followed by the number one on your phone at any time during the call. I'd now like to turn the call over to Heather Koss, Senior Vice President, Investor Relations for Builders FirstSource. Please go ahead.

Good morning, and welcome to our third quarter 2024 earnings call. With me on the call are Dave Rush, our CEO, Peter Jackson, our CEO-designate and CFO, and Pete Beckman, our CFO-designate. As a reminder, on September 19th, we announced a planned CEO and CFO succession. The earnings, press release, and presentation are available on our website at investors.bldr.com. We will refer to the presentation during our call. The results discussed today include GAAP and non-GAAP results adjusted for certain items. We provide these non-GAAP results for informational purposes, and they should not be considered in isolation from the most directly comparable GAAP measures. You can find the reconciliation of these non-GAAP measures to the corresponding GAAP measures where applicable, and a discussion of why we believe they can be useful to our investors in our earnings press release, SEC filings, and presentation. Our remarks in the press release presentation and on this call contain forward-looking and cautionary statements within the meaning of the Private Securities Litigation Reform Act and projections of future results. Please review these forward-looking statements section in today's press release and in our SEC filings for various factors that could cause our actual results to differ from forward-looking statements and projections. With that, I'll turn the call over to Dave.

Thank you, Heather, and good morning, everyone. Before I get into my prepared remarks, on behalf of Builders FirstSource, I want to send our thoughts to all of those who have been impacted by Hurricanes Helene and Milton. I am proud of how we have come together as an industry to help with disaster relief efforts in North Carolina and the Southeast. From the first morning after Helene's landfall, we had team members and suppliers reaching out from all over the region and even across the nation, asking how they can help. Our Charlotte and Blairsville locations filled trucks with supplies and delivered them to the hard-hit western North Carolina region. Suppliers like Great Southern, Blue Links, Weyerhaeuser, Orgel, and many others immediately stepped up and joined our efforts. We are grateful to our partners for their help. And with BFS CARES initiative, we're providing grants to our team members that help get our team members back on their feet as soon as possible. I want to especially thank Tim McCall, an install manager in Asheville, who also serves as a volunteer firefighter in the region. Tim was involved in 20 calls in the first hours after Helene hit. One involved climbing over 250 yards of very unstable terrain to help rescue an 11-year-old boy who had been buried in the basement of his home by a massive landslide. Tim, we are so proud of your efforts, and thank you for your selfless service to the community. I'm sure you have all seen the news that I'm retiring as CEO. I never anticipated that 25 years ago I would have this wonderful career with this great company. We have the best people in the industry and the opportunity to be CEO of BFS these last couple of years has truly been the joy and highlight of my career. I am so proud of how far we have come and am grateful to our leadership team and team members for their support. I have full confidence in Peter and Pete and their ability to drive our strategy forward. One of my first priorities when I became CEO was to develop a succession plan to ensure the consistency of our leadership and execution of our long-term strategy. With many years of experience as our CFO, Peter is exceptional at navigating the public company landscape. and has spent extra time with each of our regions to get a firsthand understanding of what it takes to support our leaders in the field. He has served as a close advisor to me and was essential in helping craft our current strategy. I am working closely with him to ensure a thoughtful and seamless transition. Pete Beckman is a brilliant financial leader and someone who is widely respected within the organization. I am grateful for our deep bench of talent and to leave BFS in such good hands. I want to wrap up by saying that I'm not going far away. I'll enjoy continuing to serve BFS as a member of our board and am taking an active role to ensure a smooth transition in the near term. I'm excited to continue supporting our growth and success. Thank you again. I'll now hand the call over to Peter.