Automatic Data Processing Inc. (NASDAQ:ADP) Q2 2022 Earnings Conference Call January 26, 2022 8:30 AM ET Company Participants Carlos Rodriguez - Chief Executive Officer Maria Black - President Don McGuire - Corporate Vice President, Chief Financial Officer Danyal Hussain - Vice President, Investor Relations Conference Call Participants Bryan Keane - Deutsche Bank David Togut - Evercore ISI Kevin McVeigh - Credit Suisse Tien-tsin Huang - JP Morgan Samad Samana - Jefferies Bryan Bergin - Cowen Ramsey El-Assa ...

Summary of Automatic Data Processing (ADP) Nasdaq 45th Investor Conference Company Overview - **Company**: Automatic Data Processing (ADP) - **Event**: Nasdaq 45th Investor Conference - **Date**: November 30, 2021 - **Participants**: Don Mcguire (CFO), James Faucette (Morgan Stanley Analyst) Key Industry Insights - **Labor Market Trends**: The ongoing "great resignation" is leading to significant employee turnover across various sectors, with many individuals reassessing their career choices and job satisfaction [5][9] - **Employment Recovery**: Employment levels have shown recovery post-pandemic, with small businesses returning to approximately 2% below pre-pandemic levels, mid-market at about 4%, and upper-market at around 6% below [6][10] - **Sector-Specific Challenges**: Certain sectors, particularly hospitality, are experiencing labor shortages despite overall recovery, indicating a potential mismatch in job availability and worker preferences [8][9] Company Performance and Strategy - **Retention Rates**: ADP has seen improved retention rates attributed to enhanced product offerings and customer service, with a focus on Net Promoter Scores (NPS) driving these improvements [16][17] - **Market Opportunity**: The market for ADP's services is estimated at $150 billion, with significant opportunities to capture market share from companies using legacy systems [19][20] - **Product Migration**: ADP is transitioning to new platforms, which has improved margins and operational efficiency, although challenges remain in client migration and satisfaction [22][24] Financial Performance - **Margin Improvement**: ADP anticipates margin improvements driven by revenue growth and digital transformation initiatives, with operating leverage playing a significant role [37][38] - **Capital Allocation**: Over the past decade, ADP has returned approximately $24 billion to shareholders through buybacks and dividends, with a disciplined approach to M&A focusing on smaller, strategic acquisitions [43][44] Consumer Data Opportunities - **Data Utilization**: ADP has access to extensive consumer data, which can be leveraged for HR analytics, employment verification, and market insights, providing value to employers and other stakeholders [32][34] Challenges and Future Outlook - **Labor Market Constraints**: ADP is not immune to labor market challenges but has successfully increased its workforce to support growth [46][47] - **Technology Acquisition**: The company is cautious about acquiring technology solely for talent acquisition, focusing instead on ensuring that any technology brought in is modern and adds value [49] Conclusion - ADP is navigating a complex labor market while focusing on improving retention, capturing market share, and enhancing product offerings. The company is well-positioned for future growth, leveraging its extensive data capabilities and strategic capital allocation.

Automatic Data Processing, Inc. (NASDAQ:ADP) Q1 2022 Earnings Conference Call October 27, 2021 8:30 AM ET Company Participants Carlos Rodriguez – CEO Don Mcguire – CFO Danyal Hussain – Vice President Conference Call Participants Samad Samana – Jefferies Jason Kupferberg – Bank of America Tien Jian Huang – JP Morgan Kevin McVeigh – Credit Suisse Ramsey El Assal – Barclays Kartik Mehta – Northcoast Research James Faucette – Morgan Stanley Bryan Bergin – Cowen Eugene Simuni – Moffett Nathanson Mark Marcon – Ba ...

Automatic Data Processing, Inc. (NASDAQ:ADP) Q4 2021 Earnings Conference Call July 28, 2021 8:30 AM ET Company Participants Danyal Hussain - Vice President, Investor Relations Carlos Rodriguez - President and CEO Kathleen Winters - Chief Financial Officer Conference Call Participants Eugene Simuni - MoffettNathanson Pete Christiansen - Citi James Faucette - Morgan Stanley Dan Dolev - Mizuho Ramsey El-Assal - Barclays Bryan Bergin - Cowen Kartik Mehta - Northcoast Research Mark Marcon - Baird Operator Good m ...