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Altisource Portfolio Solutions S.A.(ASPS) - 2024 Q4 - Earnings Call Transcript
2025-03-13 15:03
Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Q4 2024 Earnings Conference Call March 13, 2025 8:30 AM ET Company Participants Michelle Esterman - Chief Financial Officer William Shepro - Chairman and Chief Executive Officer Conference Call Participants Ramin Kamali - Credit Suisse Robert Heimowitz - Concise Capital Operator Good day, and thank you for standing by. Welcome to the Altisource Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the s ...
Ampco-Pittsburgh(AP) - 2024 Q4 - Earnings Call Transcript
2025-03-13 14:30
Ampco-Pittsburgh (AP) Q4 2024 Earnings Call March 13, 2025 10:30 AM ET Company Participants Kim Knox - Corporate SecretaryJ. Brett McBrayer - CEO & DirectorDavid Anderson - President of Air & Liquid Systems CorporationSam Lyon - President of Union Electric Steel CorporationMike McAuley - CFO, Senior VP & TreasurerJohn H. Bair - PresidentDennis Scannell - Partner Conference Call Participants David Wright - Analyst Operator Good morning, everyone, and welcome to the Ampco Pittsburgh Corporation Fourth Quarter ...
投行收费新政落地将满月:颠覆盈利逻辑 回归行业价值
Zhong Guo Jing Ji Wang· 2025-03-12 23:51
Core Viewpoint - The new regulations implemented on February 15 aim to decouple underwriting fees from IPO results, transitioning the fee structure from a results-oriented model to a process-oriented one, which significantly impacts the investment banking industry [1][3]. Group 1: Changes in Fee Structure - The regulations require a phased payment structure for underwriting fees, preventing a direct increase in fees based on the scale of issuance [1][2]. - The shift from a results-oriented to a process-oriented fee model means that investment banks will now charge for services rendered throughout the IPO process, regardless of the outcome [3][4]. - This change is expected to reduce the reliance on a single successful transaction for revenue, thereby lowering the income ceiling for individual projects [3][7]. Group 2: Impact on Service Logic - Investment banks are transitioning from being mere facilitators of listings to providing comprehensive services that add measurable value at each stage of the IPO process [4][5]. - The introduction of AI tools for due diligence necessitates a shift from traditional labor-intensive methods to knowledge-intensive approaches, enhancing the quality of services provided [4][5]. - Firms are encouraged to strengthen their professional capabilities and establish differentiated competitive advantages to better serve clients [4][5]. Group 3: Competitive Landscape - The implementation of the regulations is expected to create a more level playing field, reducing the prevalence of low-price competition and enhancing service quality across the industry [2][6]. - Larger firms may continue to maintain higher fee rates due to their brand and risk management capabilities, but they will also face increased operational costs [6][7]. - Smaller firms must develop unique strategies and talent management approaches to compete effectively, focusing on regional markets and specialized industries [6][7].
Limbach(LMB) - 2024 Q4 - Earnings Call Transcript
2025-03-11 19:20
Limbach Holdings, Inc. (NASDAQ:LMB) Q4 2024 Earnings Conference Call March 11, 2025 9:00 AM ET Company Participants Julie Kegley - Financial Profiles Mike McCann - President & Chief Executive Officer Jayme Brooks - Executive Vice President & Chief Financial Officer Conference Call Participants Rob Brown - Lake Street Capital Gerry Sweeney - ROTH Capital Brian Brophy - Stifel Mike McCann Good morning. Welcome to our stockholders, analysts, and interested investors. We appreciate you joining us today. Through ...
Bioventus (BVS) - 2024 Q4 - Earnings Call Transcript
2025-03-11 18:31
Bioventus Inc. (NASDAQ:BVS) Q4 2024 Earnings Conference Call March 11, 2025 8:30 AM ET Company Participants Dave Crawford - Investor Relations Rob Claypoole - President & Chief Executive Officer Mark Singleton - Senior Vice President & Chief Financial Officer Conference Call Participants Chase Knickerbocker - Craig-Hallum Caitlin Cronin - Canaccord Genuity Operator Good morning and welcome to the Bioventus Fourth Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator ...
Advanced Emissions Solutions(ADES) - 2024 Q4 - Earnings Call Transcript
2025-03-06 18:44
Arq (ADES) Q4 2024 Earnings Call March 06, 2025 02:44 PM ET Company Participants Anthony Nathan - Investor Relations & Corporate RelationsRobert Rasmus - President and Chief Executive OfficerStacia Hansen - Chief Accounting Officer Conference Call Participants Gerard Sweeney - Managing Director & Senior Research AnalystGeorge Gianarikas - Managing Director and Senior AnalystPeter Gastreich - Managing Director - Energy and Sustainability AnalystTim Moore - Managing Director, Senior Research Analyst Operator ...
38亿元!“定增”靴子再落地
21世纪经济报道· 2025-03-04 01:25
作 者丨 凌晨 编 辑丨骆一帆 图 源丨图虫 "定增"的靴子再落地。 3月2日晚,陕国投A(0 0 0 5 6 3 .SZ)公告,拟向不超过3 5名(含3 5名)特定投资者发行股 份, 募集资金总额不超过3 8亿元,募集资金在扣除相关发行费用后,将全部用于补充公司资 本金。 太阳底下无新事。近两年,1 0余家信托公司先后宣布增厚资本金,净增资规模合计超百亿 元。包括北方信托、中原信托、云南信托、建元信托、粤财信托等。 其中,陕国投A在过去十年中多次以定增、配股等方式,进行补充或充实资本金,累计再融资 额近百亿元。 陕国投A的"百亿再融资"历程,也折射出整个信托行业的转型写照:在国民经济结构性调整、 信用风险暴露不确定性增加、各项监管政策逐步落地、行业竞争加剧的背景下,现阶段新的 资产服务信托盈利模式仍未成型。 对于"陕国投A们"而言,需要在规避风险的同时,寻找新的增长点。这其中涉及业务模式重 塑、资产管理信托标品化、产业化转型等诸多问题。 作为A股唯二直接上市的信托公司,陕国投A正在尝试解题。 "百亿"燃料储备 陕国投A定增的故事要追溯至十年前。2 0 1 4年1 0月3 1日晚,陕国投披露公告,拟以7 . ...
Solventum Corporation(SOLV) - 2024 Q4 - Earnings Call Transcript
2025-02-28 13:36
Solventum Corporation (NYSE:SOLV) Q4 2024 Earnings Conference Call February 27, 2025 4:30 PM ET Company Participants Amy Wakeham - Senior Vice President of Investor Relations and External Finance Communications Bryan Hanson - Chief Executive Officer Wayde McMillan - Chief Financial Officer Conference Call Participants Jason Bednar - Piper Sandler & Co. Patrick Wood - Morgan Stanley David Roman - Goldman Sachs Group, Inc. Travis Steed - Bank of America Vikramjeet Chopra - Wells Fargo Securities Frederick Wis ...
海通资管换帅!
券商中国· 2025-02-27 12:38
| 代任高级管理人员职务 | 总经理 | | --- | --- | | 代任高级管理人员姓名 | 左秀海 | | 是否经中国证监会核准取得高管 | 是 | | 任职资格 | | | 中国证监会核准高管任职资格的 | 2023年8月21日 | | 日期 | | | 任职日期 | 2025年2月27日 | 王岗卸任海通资管总经理,由左秀海代任 2月27日,海通资管发布高级管理人员变更公告,王岗因工作变动离任总经理一职,由左秀海代任总经理职 务。 记者注意到,王岗在海通资管任职时间不长,他自2023年11月加入海通资管,于2023年12月26日出任海通资管 总经理。到如今卸任,在任总经理时间约为14个月。在加入海通资管之前,王岗先后在税务机关、证券监管部 门及国资运营平台公司任职,2020年7月至2023年10月任海通证券股份有限公司风险管理部总经理。 据悉王岗下一站或去往某大型国资公司,分管金融板块。 而代任总经理的左秀海,在海通证券及其子公司曾任职长达15年。履历显示,左秀海于2010年6月进入海通证 券股份有限公司,历任销售交易总部、零售与网络金融部副经理、经理,财富管理中心总经理助理,财富管理 中心副总经 ...
Ryman Hospitality Properties(RHP) - 2024 Q4 - Earnings Call Transcript
2025-02-21 20:05
Ryman Hospitality Properties, Inc. (NYSE:RHP) Q4 2024 Earnings Conference Call February 21, 2025 11:00 AM ET Company Participants Jennifer Hutcheson - Executive Vice President and Chief Financial Officer Colin Reed - Executive Chairman Mark Fioravanti - President and Chief Executive Officer Patrick Chaffin - Chief Operating Officer Conference Call Participants Aryeh Klein - BMO Capital Markets Equity Research Smedes Rose - Citigroup Duane Pfennigwerth - Evercore ISI Dori Kesten - Wells Fargo Securities Chri ...