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.

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COMMACK, N.Y.--(BUSINESS WIRE)--IntelliShift, the connected fleet intelligence platform for safety and operations teams, announced a partnership with Procore Technologies Inc., a leading global provider of construction management software. This partnership empowers mutual customers with fleets of vehicles and heavy equipment to manage fleet operations and safety from within the Procore user interface.

IntelliShift Announces Procore Partnership

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR #constructiontech--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced its latest offering, Procore Risk Advisors, which will simplify and improve one of the construction industry's biggest challenges: insurance.

Procore Launches Construction Insurance Brokerage to Empower Builders

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Procore Technologies, Inc. operates in a large and relatively untapped market, with the potential to benefit from long-term trends such as the digitalization of construction, cloud computing, and business intelligence. The company reported strong revenue growth in its latest earnings report, with a solid backlog and expansion momentum.

Procore Technologies: Downgrading To Hold Due To Valuation (Rating Downgrade)

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced Sarah Hodges as chief marketing officer (CMO), effective today. As CMO of Procore, Hodges will be responsible for the development of the strategic marketing plan and execution of all marketing activities globally in support of Procore's financial and strategic business objectives.

Procore Appoints Sarah Hodges as Chief Marketing Officer

Procore Technologies, Inc. (NYSE:PCOR ) Q4 2022 Earnings Conference Call February 16, 2023 5:00 PM ET Company Participants Matthew Puljiz - Investor Relations Tooey Courtemanche - Founder, President and Chief Executive Officer Paul Lyandres - Chief Financial Officer Howard Fu - Senior Vice President, Finance Conference Call Participants Luv Sodha - Jefferies Saket Kalia - Barclays Sterling Auty - SVB DJ Hynes - Canaccord Brent Bracelin - Piper Sandler Adam Borg - Stifel Dylan Becker - William Blair Ken Wong - Oppenheimer Nick Altmann - Scotiabank Operator Good afternoon. Thank you for attending Procore's Fourth Quarter 2022 Earnings Call.

Procore Technologies, Inc. (PCOR) Q4 2022 Earnings Call Transcript

Procore Technologies (PCOR) delivered earnings and revenue surprises of 42.86% and 6.20%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Procore Technologies (PCOR) Reports Q4 Loss, Tops Revenue Estimates

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced financial results for the fourth quarter and full year ended December 31, 2022. “Our strong fourth quarter performance reflects the power of our platform, our leadership position and our trusted partnership with the construction industry.

Procore Announces Fourth Quarter and Full Year 2022 Financial Results

Partner Makes GrowthCap List KANSAS CITY, Mo. , Feb. 10, 2023 /PRNewswire/ -- Five Elms Capital, a leading software investor, announces that Partner Stephanie Schneider has been named to GrowthCap's Top Women Leaders in Growth Investing.

Five Elms Celebrates Prestigious Recognition

Procore is the leading construction focused software vendor. Results last quarter were exceptionally strong but the company's guidance was very conservative.

Procore: A Market Leader In Construction Software That Has Been Outperforming Peers

Procore Technologies (PCOR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Procore Technologies (PCOR) Soars 5.9%: Is Further Upside Left in the Stock?

PCOR is tackling an industry that is large and ripe for disruption. PCOR's comprehensive platform increases retention rate and opportunities for cross-selling.

Procore Technologies: Continuous Momentum In Growth

CARPINTERIA, Calif.--( BUSINESS WIRE )-- Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that it will report its fourth quarter and full year 2022 financial results after the U.S. financial markets close on Thursday, February 16, 2023.

Procore Announces Timing of Fourth Quarter and Full Year 2022 Earnings Call

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KANARRAVILLE, Utah--( BUSINESS WIRE )--BZI Steel, a national leader in construction and technology for safer, simpler, and more efficient building processes, today announced they have selected Procore Technologies, Inc.'s (NYSE: PCOR) leading global construction management software. More than just a customer, BZI Steel has also collaborated with Procore over the last year, with the goal of continued innovation in the construction industry. BZI Steel is a leader in steel fabrication and erection and wall installations and builds projects for some of the world's largest retail, distribution, and industrial clients.

BZI Steel Selects Procore's Construction Management Platform to Build Many of the World's Largest Projects

The average of price targets set by Wall Street analysts indicates a potential upside of 31.5% in Procore Technologies (PCOR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Can Procore Technologies (PCOR) Climb 31.5% to Reach the Level Wall Street Analysts Expect?

CARPINTERIA, Calif.--( BUSINESS WIRE )--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced the release of its 2022 Environmental, Social and Governance (ESG) Report, which highlights the company's guiding principles, efforts and aspirations related to ESG.

Procore's Inaugural Environmental, Social and Governance Report Highlights Commitment to Building a Sustainable Future

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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.

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