BL - BlackLine Inc. (BL) Q1 2024 Earnings Call Transcript
2024-05-07 22:14:09 ET
BlackLine, Inc. (BL)
Q1 2024 Earnings Conference Call
May 07, 2024 05:00 PM ET
Company Participants
Matt Humphries - Vice President of Investor Relations
Owen Ryan - Co-Chief Executive Officer
Therese Tucker - Co-Chief Executive Officers
Mark Partin - Chief Financial Officer
Conference Call Participants
Rob Oliver - Baird
Chris Quintero - Morgan Stanley
Jaydeep Patel - JPMorgan
Adam Hotchkiss - Goldman Sachs
Brent Bracelin - Piper Sandler
Koji Ikeda - Bank of America
George Kurosawa - Citi
Pat Walravens - Citizens JMP
Ryan Krieger - Wolfe Research
Matt VanVliet - BTIG
Presentation
Matt Humphries
Good afternoon, and thank you for joining us today. With me on the call are Owen Ryan and Therese Tucker, Co-Chief Executive Officers of BlackLine as well as Mark Partin, Chief Financial Officer.
Before we get started, I would like to note that certain statements made during this conference call that are not historical facts, including those regarding our future plans, objectives and expected performance, in particular, our guidance for Q2 and full year 2024 and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements represent our outlook only as of the date of this call. While we believe any forward-looking statements made during the call are reasonable, actual results could differ materially, and these statements are based on our current expectations as of today and are subject to risks and uncertainties, including those stated in our periodic reports filed with the Securities and Exchange Commission, in particular, our Form 10-K and Form 10-Q.
We do not undertake and expressly disclaim any obligation to update or alter our forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. All comparisons we make on the call today relate to the corresponding period of last year, unless otherwise noted.
Finally, unless otherwise stated, our financial measures disclosed on this call will be non-GAAP. A discussion of these non-GAAP financial measures and information regarding reconciliations of our historical GAAP versus non-GAAP results is currently available in our earnings release, which may be found on our Investor Relations website at investors.blackline.com or on our Form 8-K filed with the SEC today.
Now, I will turn the call over to BlackLine's Co-Chief Executive Officer, Owen Ryan. Owen?
Owen Ryan
Thank you, Matt, and good afternoon, everyone. Thank you all for joining us today. BlackLine exceeded revenue and profitability expectations in the first quarter with $157 million in total revenue, a 17% non-GAAP operating margin and $40 million in non-GAAP net income. While we are still in the early stages of implementing our new operating model, we are pleased with the progress we are seeing....
BlackLine, Inc. (BL) Q1 2024 Earnings Call Transcript