Goosehead Insurance, Inc (NASDAQ:GSHD) Q3 2019 Earnings Conference Call - Final Transcript

Nov 01, 2019 • 08:30 am ET


Goosehead Insurance, Inc (NASDAQ:GSHD) Q3 2019 Earnings Conference Call - Final Transcript


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Greetings and welcome to the Goosehead Insurance Third Quarter 2019 Earnings Conference Call. [Operator Instructions].

It is now my pleasure to introduce your host Mr. Garrett Edson Senior Vice President of ICR. Thank you sir. You may begin.

Garrett Edson

Thank you and good morning. With us today are your hosts: Mark Jones Chairman and Chief Executive Officer of Goosehead; Michael Colby President and Chief Operating Officer; and Mark Colby Chief Financial Officer. By now everyone should have access to our earnings announcement which was released prior to this call which may also be found on our website at 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 management as of today. The forward looking statements in Article Subject to various assumptions, risks, uncertainties and other factors that are difficult to predict, in 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 all of you to our recent findings with the SEC, for more detailed discussion of the risks and uncertainties that could impact the future operating results and financial condition of goose insurance. We disclaim any intentions or obligations to update or revise any forward looking statements, except to the extent required by applicable law. I would also like to point out that during this call, we will discuss certain financial measures that are not prepared in accordance with gap 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 from period to period by excluding potential differences caused by variations in capital structures tax position depreciation amortization and certain other items that we believe are not representative of our core business. For more information regarding our use of non-GAAP financial measures including reconciliations of these measures to the most comparable GAAP financial measures we refer you to today's earnings release. In addition this call is being webcast and an archived version will be available shortly after the call ends on the Investor Relations portion of the company's website at

With that I'd now like to turn the call over to CEO Mark Jones. Please go ahead.

Mark E. Jones

Thanks Garrett and welcome to our third quarter 2019 earnings call. As we've done on previous calls I'll provide an overview of the quarter and year-to-date as well as discuss our long-term strategy. I'll then hand the call over to our President and Chief Operating Officer Mike Colby who will update you on our technology development progress and how our ongoing innovation continues to support our high levels of sustained rapid organic growth and profitability. Our CFO Mark Colby will then follow and provide more detail about our third