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Industry Focus

Energy: How Procore Is Changing Construction (w/ Founder and CEO Tooey Courtemanche)

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 12 August 2021

⏱️ 32 minutes

🧾️ Download transcript

Summary

Procore, a leading provider of construction management software, recently came public back in May 2021. Today, Procore Founder and CEO Tooey Courtemanche joins the show to share how Procore is bringing construction into the 21st century.

Stocks Mentioned: PCOR, SHOP, SNOW, MSFT

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Transcript

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0:00.0

Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day.

0:11.0

I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seidphle. I'm Dylan

0:15.0

Lewis. And today we're talking financials. Today we're talking consumer

0:18.7

goods. Wild Card Wednesday. And we're talking energy. And today we're talking tech. Let's dive in.

0:26.6

Welcome to Industry Focus. I'm your host Nick Saipel and I'm joined the day by

0:29.7

Molly Fool contributor, Louise Sanchez. Today we're excited to welcome our special

0:34.1

guest to a court match the founder and CEO of Procor a leading provider of

0:38.5

construction management software. Procor came public back in May and just reported its first results as a public company last week.

0:46.5

Toe, thank you for joining us.

0:48.0

Thank you so much, Nick.

0:50.0

Nice to see both of you.

0:51.0

Great to have you here.

0:52.4

Great to be talking to you today.

0:54.0

So first off, for folks who haven't heard of ProCorps,

0:56.9

what is construction management software?

0:59.0

What does your company do?

0:59.9

What's the problems that you solve for your customers?

1:02.6

It's a great question and yes, most people don't quite understand this.

1:06.0

However, I will say that 7% of the global population actually works in construction.

1:10.4

So I'm probably speaking to a certain subset of your audience right now, but in general construction it doesn't matter if you're talking about a nuclear power plant or remodeling your bathroom is highly complex and you have lots of different stakeholders that are coming together. is

1:25.0

a lot of different stakeholders that are coming together to deliver a project on time on budget safely,

1:28.0

but the challenge is that the project's a prototype,

...

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