Procore Technologies

Procore Technologies, Inc. engages in the development of cloud-based construction management software. Its platform streamlines and mobilizes project communications and documentation for stakeholders such as owners, architects, engineers, and general and specialty contractors. The company was founded by Craig F. Courtemanche, Jr. and Steven C. Zahm in 2002 and is headquartered in Carpinteria, CA.

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Procore Technologies excels in Q4, eyes fintech growth opportunities

Procore Technologies' Q4 earnings call showcased strong performance, strategic leadership changes, and a focus on efficiency and growth. Despite challenges, the company remains optimistic about customer sentiment and industry trends, with a keen eye on fintech opportunities and innovative solutions.

Procore reports robust Q1 earnings, eyes Fintech opportunities for growth

Procore Technologies delivered a strong Q1 performance, with revenue growth, customer additions, and strategic initiatives driving growth and operational efficiency.
The company's leadership team is aligned on key objectives, with a focus on capitalizing on strengths, addressing challenges, and pursuing growth opportunities.
Despite cautiousness in the macro environment, Procore remains confident in meeting guidance, leveraging its diversified customer base and market positioning for future success.
Efforts in Fintech, risk management, and international market expansion position Procore for continued growth and success in the construction industry.

Procore reports robust Q2 growth, navigates customer behavior dynamics

Procore Technologies delivered strong Q2 results with revenue growth and customer expansion, showcasing resilience and innovation in the construction industry.
While facing challenges like customer sentiment-driven downgrades and margin improvement needs, Procore is focused on seizing opportunities for growth and efficiency.
The company's strategic initiatives and steady growth rate position it well for future success, supported by a belief in sustained demand for construction services.
Procore's performance, strengths, challenges, and opportunities collectively paint a picture of a company navigating industry dynamics with a focus on innovation and growth.

Procore reports robust Q3 revenue growth amidst macro challenges

Procore's Q3 showed strong revenue growth and stable customer base behavior.
Despite macroeconomic challenges, the company is focusing on efficiency and stability.
Opportunities lie in margin expansion, enterprise market stability, and cross-selling efforts.
Challenges include elongated sales cycles, increased deal scrutiny, and economic uncertainties.

Procore surpasses $1B ARR milestone, eyes growth in infrastructure

Procore's Q4 2023 performance reflects strong financial achievements and positive customer sentiment, with a focus on growth and efficiency in 2024.
The company faces challenges related to shifting customer sentiment, configurability demands, and navigating a challenging macro environment.
Opportunities lie in expanding into infrastructure projects, increasing financial suite adoption, and driving margin improvement through operational efficiency.
Procore's strategic strengths in client relationships, product focus, and operational enhancements position it well for future growth and success.

Procore Technologies excels in Q1 2024, eyes growth opportunities

Procore Technologies delivered robust Q1 results with strong revenue growth and operational performance, backed by a focus on efficiency and customer value.
While facing short-term challenges from macroeconomic headwinds and a slowdown in customer additions, Procore remains well-positioned for long-term success.
Opportunities in Procore Pay adoption, innovation through AI, and Larry Stack's leadership engagement present avenues for continued growth and market differentiation.

Procore Technologies reports strong Q2 growth amidst strategic transitions

Procore Technologies delivered a robust performance in Q2 2024, marked by strong revenue growth and strategic initiatives to drive long-term growth.
While facing challenges in churn and retention metrics, the company is proactively addressing them through a new go-to-market model and accelerated sales investments.
Maintaining revenue guidance and focusing on margin expansion reflect Procore's confidence in its ability to navigate transitions and capitalize on opportunities.
Overall, Procore's outlook remains optimistic, with a clear focus on innovation, operational optimization, and sustainable growth strategies.

Procore Technologies reports strong Q3 growth and outlines future expansion

Procore Technologies' Q3 performance reflects growth and strategic investments, with a focus on go-to-market changes and technology innovation. While challenges in margin management persist, the company is optimistic about long-term growth across global stakeholders.

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Procore Technologies, Inc. engages in the development of cloud-based construction management software. The company was founded by Craig F. Courtemanche, Jr. and Steven C. Zahm in 2002 and is headquartered in Carpinteria, CA.

TORONTO--( BUSINESS WIRE )--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that Houle Electric Ltd. has selected Procore Technologies as its construction management platform.

Electrical Contractor Houle to Manage Hybrid Workplaces and Distributed Teams with Procore

CARPINTERIA, Calif.--( BUSINESS WIRE )--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced Olga Kibler as its chief people officer, effective today. Kibler will lead Procore's people strategy, and will join Procore's executive leadership team and report to founder, president and CEO, Tooey Courtemanche.

Procore Appoints Olga Kibler as Chief People Officer

CARPINTERIA, Calif.--( BUSINESS WIRE )--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced the winners of the 2022 Groundbreaker Awards at Procore's annual industry event in New Orleans, Groundbreak. The Groundbreaker Awards celebrate the companies, projects and individuals that drive excellence across the construction industry.

Procore Announces Winners of 2022 Groundbreaker Awards

Procore Launches in Germany to Expand Growth Across Europe

Procore Announces Innovations to Address Challenges Associated with Payments, Preconstruction and Labor Shortage

Procore Technologies, Inc. (NYSE:PCOR ) Q3 2022 Results Conference Call November 2, 2022 5:00 PM ET Company Participants Matthew Puljiz - VP of IR Tooey Courtemanche - Founder, Chairman, CEO and President Paul Lyandres - CFO and Treasurer Conference Call Participants Sterling Auty - Moffettnathanson DJ Hynes - Canaccord Dylan Becker - William Blair Ken Wong - Oppenheimer Brent Bracelin - Piper Sandler Joe Goodwin - JMP Securities Brent Thill - Jefferies Jason Celino - KeyBanc Operator Good afternoon. Thank you for attending the Procore Technologies Fiscal Year 2022 Q3 Earnings Call.

Procore Technologies, Inc. (PCOR) Q3 2022 Earnings Call Transcript

Procore Technologies (PCOR) delivered earnings and revenue surprises of 47.06% and 6.44%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Procore Technologies (PCOR) Reports Q3 Loss, Tops Revenue Estimates

Procore Announces Third Quarter 2022 Financial Results

PermitFlow Announces their Construction Permit Software Integration on Procore's Marketplace

Dodge Construction Network Identifies Top Business Issues for Specialty Contractors in New Report

Dodge Construction Network's 2022 Top Business Issues for Specialty Contractors Report Identifies Labor Shortage, Supply Chain and Rework as Key Obstacles for Specialty Contractors

Procore offers investors an interesting way to expand their software exposure to the construction industry, one of the largest in the world. As a relatively recent IPO, there are some valuation risks to still consider, but I prefer to consider a company's long-term viability.

Procore Technologies: Architectural Billings Data Is Positive For 2022, But Watch Losses

Procore Announces Timing of Third Quarter Fiscal Year 2022 Earnings Call

Procore Expands Digital Twin Partnerships Through Integration with Willow

BOSTON--(BUSINESS WIRE)--The construction industry today is faced with a unique set of challenges in response to current economic conditions. Among increasing project complexities and a growing urgency for sustainable development, owners and contractors are confronting labor shortages, materials cost escalation and supply chain disruptions. These significant challenges are directly impacting project outcomes, as a recent survey commissioned by Procore Technologies, Inc. (NYSE:PCOR), a leading g

Citing Historic Lack of Innovation in Construction Industry, Suffolk Technologies “BOOST” Accelerator Program Selects Startups Focused on Redefining the Built World

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced the opening of its first Middle East and North Africa (MENA) office, located in Dubai's Internet City, following a successful launch in the region last year. This new office reflects Procore's long-term investment and commitment to the MENA region, and signifies the company's continued growth and global expansion. The new workplace

Procore Opens First MENA Office in Dubai to Reinforce Industry Commitment

CARPINTERIA, Calif.--(BUSINESS WIRE)--In partnership with Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, FMI Corp. released the results of The State of Global Preconstruction Report. This report discusses the current environment for preconstruction and the characteristics of organizations that do it well, including what constitutes above-average preconstruction processes and the effects of efficient and digitized preconstruction. This rep

FMI's State of Global Preconstruction Report Reveals Significant Upside from Investment in Effective and Digitized Preconstruction

BOSTON--(BUSINESS WIRE)--Quickbase announced a new partnership with Procore Technologies, Inc., a leading global provider of construction management software.

Quickbase and Procore Partner to Help Fuel Business-led Innovation for Unique Workflows

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that it will host its inaugural Investor Day on Wednesday, November 9, 2022 from 9:00 a.m. to 1:00 p.m. Central Time. The event will be held in-person in conjunction with Groundbreak 2022, Procore's leading construction technology conference, taking place at the Ernest N. Morial Convention Center in New Orleans, Louisiana. Virtual particip

Procore to Host Inaugural Investor Day on November 9, 2022

DUBLIN--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced the opening of its new EMEA hub in Dublin, Ireland. This move demonstrates Procore's continued commitment to the region and desire to support its expanding customer base as part of its mission to connect everyone in construction on a global platform. The EMEA hub, within Dublin's South Point building on Harmony Row, occupies the 3rd floor penthouse and

Procore Establishes New EMEA Hub in Dublin As Regional Growth Continues Across Europe, the Middle East and Africa

EDMONTON, Alberta--(BUSINESS WIRE)--QuoteToMe, a leading provider of procure-to-pay automation software, today announced a new partnership with Procore (NYSE:PCOR), a leading global provider of construction management software. QuoteToMe's integration with Procore will help increase efficiency for contractor businesses looking to improve their procurement processes. Construction is a $10T/year global industry, over $1T is spent on materials and equipment in the US and Canada alone. Due to an in

QuoteToMe Launches Procore Integration

TORONTO--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that the GTA Urban Division of Mattamy Homes Canada has chosen Procore as its construction management platform. After an extensive search and evaluation, Mattamy selected Procore as its construction management software, including the Project Management, Financial Management and Tender Management products. In the future, it plans to incorporate BIM as

Mattamy Homes Selects Procore as its Construction Management Platform to Support Aggressive Growth

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced the appointment of Steve Davis as president of product and technology. In this role, Davis will lead Procore's product, design and engineering organizations. Based out of Austin, TX, he will be responsible for driving strategy and execution of Procore's product offerings, working with more than 13,000 customers to build innovative experien

Procore Appoints Steve Davis as President of Product and Technology

TORONTO--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that Alex Leclerc, a mechanical contractor based in Donnacona, Québec, has selected Procore as its construction management platform. Formed in 1945, Alex Leclerc is a family business focused on plumbing, heat and gas. Four generations later, the company is a leader in the commercial and residential markets. With a large employee base, the company prid

Mechanical Contractor Alex Leclerc Chooses Procore to Support Digital Transformation and Growth

Procore Technologies, Inc. (NYSE:PCOR ) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants Matthew Puljiz - VP of IR Tooey Courtemanche - Founder, CEO & President Paul Lyandres - CFO Conference Call Participants Dylan Becker - William Blair Saket Kalia - Barclays Brent Bracelin - Piper Sandler DJ Hynes - Canaccord Adam Borg - Stifel Brent Thill - Jefferies Matthew Broome - Mizuho Securities Jason Celino - KeyBanc Operator Good afternoon, everyone. Thanks for attending today's Procore Technologies, Inc. Fiscal Year 2022 Q2 Earnings Call.

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