GSHD - Goosehead Insurance Inc. (GSHD) Q1 2024 Earnings Call Transcript
2024-04-24 23:21:08 ET
Goosehead Insurance, Inc. (GSHD)
Q1 2024 Earnings Conference Call
April 24, 2024, 04:30 PM ET
Company Participants
Dan Farrell - Vice President, Capital Markets
Mark Jones - Chairman & Chief Executive Officer
Mark Miller - President & Chief Operating Officer
Mark Jones Jr. - Chief Financial Officer
Brian Pattillo - Executive Vice President
Conference Call Participants
Matt Carletti - Citizens JMP
Brian Meredith - UBS Securities
Michael Zaremski - BMO
Andrew Kligerman - TD Cowen
Tommy McJoynt - KBW
Mark Hughes - Truist Securities
Paul Newsome - Piper Sandler
Scott Heleniak - RBC Capital Markets
Pablo Singzon - JPMorgan
Presentation
Operator
Good day and thank you for standing by. Welcome to the Goosehead Insurance First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator instructions]. Please be advised that today's conference is being recorded.
I'd now like to hand the conference over to Dan Farrell, Vice President, Capital Markets. Please go ahead.
Dan Farrell
Thank you and good afternoon. Before we begin our formal remarks, I need to remind everyone that part of our discussion today may include forward-looking statements, which are based on the expectations, estimates, and projections of the management as of today.
Forward-looking statements in our discussion are subject to various assumptions, risks, uncertainties, and other factors that are difficult to predict and which could cause actual results to differ materially from those expressed or implied in the forward-looking statements. These statements are not guarantees of future performance and, therefore, undue reliance should not be placed upon them.
We refer you all to our recent SEC filings for more detailed discussion of risks and uncertainties that could impact future operating results and financial condition of Goosehead. We disclaim any intention or obligation to update and revise any forward-looking statements except to the extent required by actual law.
I would also like to point out that during the call, we will discuss certain financial measures that are not prepared in accordance with GAAP. Management uses these non-GAAP financial measures when planning, monitoring, and evaluating our performance. We consider these non-GAAP financial measures to be useful metrics for management and investors to facilitate operating performance comparisons period to period by including potential differences caused by variations in capital structure, tax position, depreciation, amortization, and certain other items that we believe are not representative of our core business.
For more information regarding the use of non-GAAP financial measures, including reconciliations of these measures to the most recent comparable GAAP financial measures, we refer you to today's earnings release. In addition, this call is being webcast. An archived version will be available shortly after the call ends on the investor relations portion of the company's website @goosehead.com.
Now I would like to turn the call over to our chairman and CEO, Mark Jones.
Mark Jones
Thanks, Dan, and welcome everyone to our first quarter call. I'm very pleased with the progress we have made toward our goals. Personal line's insurance distribution is a quintessential long-tail business. I tell people all the time that it is not a get-rich-quick business. It's a get-rich-over-time-but-stay-rich business. Driving substantive change in our company generally takes many quarters to achieve, but those changes, when made, tend to be very sticky and sustained....
Goosehead Insurance, Inc. (GSHD) Q1 2024 Earnings Call Transcript