Core & Main, Inc.

Hello and welcome to the Core and Main Q4 2021 earnings call. My name is Alex and I'll be coordinating the call today. If you'd like to ask a question at the end of the presentation, you can press star 1 on your telephone keypad. If you'd like to withdraw your question, you may press star 2. I'll now hand over to your host, Robin Bradbury, with Core and Main to begin. Over to you, Robin.

Thank you. Good morning and welcome to the Core and Main fiscal 2021 fourth quarter and full year earnings call. This is Robin Bradbury, Vice President of Investor Relations and FP&A for Core and Main. Thank you for joining us this morning. We're excited to share our results with you. Steve LeClair, our Chief Executive Officer, will lead today's call with our fourth quarter and full year execution highlights, followed by a discussion on recent topics of interest. Mark Wieckowski, our Chief Financial Officer, will then discuss our financial results and fiscal 2022 outlook, followed by a Q&A session. We will conclude the call with Steve's closing remarks. For Q&A, please limit to one question and one follow-up. If you have additional questions, you may return to Q. Thank you for your cooperation. Some of the information you will hear today may include forward-looking statements. Forward-looking statements include all matters that are not historical facts. We may include statements regarding our intentions, beliefs, assumptions or current expectations concerning our financial position, results of operations, cash flows or growth strategies. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be outside of our control. We caution you that forward-looking statements are not guarantees of future performance or outcomes and that they may differ materially from those made in or suggested by the forward-looking statements contained on this call. These forward-looking statements are made only as of the date of this call. We do not undertake any obligation to update or revise any forward-looking or cautionary statements to reflect changes in assumptions, the occurrence of events, or changes in future operating results. In addition to providing results that are determined in accordance with U.S. GAAP, we present certain non-GAAP financial measures to assess the operating results and effectiveness and efficiency of our business. We present these measures because we believe investors consider them to be important supplemental measures of performance. For reconciliation of the non-GAAP measure to the nearest GAAP measure, please refer to the slides in the appendix of the Fiscal 2021 Fourth Quarter Investor Presentation, which can be found on the Investor Relations section of our website. Thank you for joining us this morning and for your interest in foreign maids. I will now turn the call over to Chief Executive Officer Steve LeClair.

Thanks, Robin. Good morning, everyone. Thank you for joining us today, and welcome to our Fiscal 2021 Fourth Quarter and Full Year Earnings Call. Fiscal 2021 was a remarkable year for Core in Maine. We delivered record financial performance while delivering on our pledge of dependable service to our customers and suppliers in challenging market conditions. The strength, flexibility, and resilience of our business model was exemplified as we fulfilled unprecedented levels of demand. We continue to execute in our strategies to grow the business and strengthen our operational capabilities while delivering value to our customers, supporting our associates, and achieving strong financial performance. We navigated through supply chain challenges while continuing to deliver extraordinary service to our customers. Infrastructure solutions are localized and must meet product specifications and engineering standards that vary from one municipality to another. Our customers count on us to provide the right solutions to meet these local requirements. Equally important, access to specialty products is critical to our customer success in completing a project on time and on budget. We have maintained industry-leading product availability during a period of unsurpassed scarcity, a testament to our value proposition. Our customers choose us for the breadth of our products, extensive industry knowledge, familiarity with local specifications, convenient customers, and developed relationships with many new customers across the country. Our success is linked to the quality of our team, the depth of their expertise, and their commitment to overcome any obstacle to get adapted and continue delivering on our promise of providing local knowledge local experience, and local service nationwide. I would like to express my sincerest gratitude to all of Corn Main's 4,100 associates for their unwavering dedication, determination, and resilience.