FAT Brands Inc. (NASDAQ:FAT) Q4 2024 Earnings Conference Call February 27, 2025 4:30 PM ET Company Participants Andy Wiederhorn - Chairman Ken Kuick - Co-Chief Executive Officer and CFO Conference Call Participants Roger Lipton - Lipton Financial Services Operator Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the FAT Brands Inc. Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded today, February 27, 2025. On t ...

Arcosa (ACA) Q4 2024 Earnings Call February 28, 2025 08:30 AM ET Company Participants Erin Drabek - VP - Investor RelationsAntonio Carrillo - President and CEOGail Peck - Chief Financial OfficerIan Zaffino - Managing DirectorEthan Roberts - Research AssociateGarik Shmois - Managing DirectorJustin Mechetti - Equity Research AssociateJean Veliz - Senior Research Associate Operator Good morning, ladies and gentlemen, and welcome to the Arcosa Inc. Fourth Quarter and Full Year twenty twenty four Earnings Confer ...

Summary of Key Points from the Conference Call Industry Overview - The conference call discusses the global online food delivery industry, focusing on Just Eat Takeaway (TKWY) and its potential acquisition by Prosus for €4.1 billion (€20.3 per share) [1][11]. Company-Specific Insights Just Eat Takeaway (TKWY) - TKWY processed 92 million orders in 2023 and operates in approximately 20 countries, holding leadership positions in several key markets [25]. - The company sold its US business, GrubHub, in January 2025, indicating a strategic shift [25]. - A Buy rating is assigned to TKWY, with a target price of €21 based on a DCF valuation [28][26]. - Risks include integration and execution challenges from M&A, competitive market pressures, and potential profit volatility from expansion efforts [29]. Prosus N.V. - Prosus is positioned as a significant player in the online food delivery sector, with a portfolio that includes Tencent and Delivery Hero [30]. - A Buy rating is assigned to Prosus, with a target price of €48 based on a sum-of-the-parts (SOTP) valuation [32]. - Risks include performance of listed assets, currency fluctuations, and regulatory challenges [34]. Delivery Hero (DHER) - Delivery Hero is noted as the largest global player in online food ordering, processing 3 billion orders in FY21 [16]. - A Sell rating is assigned to DHER due to concerns over competitive pressures in the MENA region and potential margin constraints [17]. - Target price for DHER is set at €26, based on a blend of DCF and SOTP valuations [18]. DoorDash (DASH) - DoorDash holds a 65% share of the US food delivery market and has a Buy rating with a target price of $240 [22][23]. - The company is focused on expanding into new verticals like grocery and convenience, leveraging its existing user base [22]. - Risks include competition, regulatory challenges regarding gig worker classifications, and execution risks related to growth investments [24]. Uber Technologies, Inc. - Uber is rated as a Buy, with a target price of $92, benefiting from a recovery in mobility and strong demand in delivery services [36][37]. - The company is expanding its service offerings beyond food delivery to include grocery and convenience items [36]. - Risks include macroeconomic factors, competition, and regulatory challenges [38]. Competitive Landscape - The call highlights potential bidders for TKWY, including DoorDash, Uber, and Meituan, but suggests that regulatory risks and strategic focuses may limit their interest [1][3][4][5]. - Significant geographic and shareholder overlaps among competitors could pose regulatory challenges for potential mergers [11][12]. Conclusion - The conference call provides a comprehensive overview of the competitive dynamics within the online food delivery industry, focusing on key players like Just Eat Takeaway, Prosus, Delivery Hero, DoorDash, and Uber. The insights into company strategies, valuations, and risks present a nuanced understanding of the market landscape and potential investment opportunities.

HEICO Corporation (NYSE:HEI) Q1 2025 Earnings Conference Call February 27, 2025 9:00 AM ET Company Participants Laurans Mendelson - Chairman and CEO Eric Mendelson - Co-Presidents Victor Mendelson - Co-Presidents Carlos Macau - Executive Vice President and CFO Conference Call Participants Pete Lucas - CJS Securities Sheila Kahyaoglu - Jefferies Noah Poponak - Goldman Sachs Scott Mikus - Melius Research Jan Engelbrecht - Baird Tony Bancroft - Gabelli Funds Scott Deuschle - Deutsche Bank Josh Korn - Barclays ...

Western Midstream Partners (WES) Q4 2024 Earnings Call February 27, 2025 02:00 PM ET Company Participants Daniel Jenkins - Director - IROscar Brown - President & CEODanny Holderman - SVP & COOKristen Shults - SVP & CFOJonathon VandenBrand - SVP - CommercialSpiro Dounis - DirectorKeith Stanley - DirectorNoah Katz - Equity Research AssociateManav Gupta - Executive Director Conference Call Participants Ned Baramov - Analyst Operator Okay. Good afternoon. My name is Joanna, and I will be your conference operato ...

Ambac Financial Group, Inc. (NYSE:AMBC) Q4 2024 Earnings Conference Call February 27, 2025 8:30 AM ET Company Participants Charles Sebaski - Managing Director and Head of Investor Relations Claude LeBlanc - President and Chief Executive Officer David Trick - Chief Financial Officer Conference Call Participants Deepak Sarpangal - Repertoire Partners LP Operator Ladies and gentlemen, good morning, and welcome to the Ambac Financial Group Fourth Quarter 2024 Earnings Conference Call. At this time, all particip ...

BRP Group (BWIN) Q4 2024 Earnings Call February 25, 2025 05:00 PM ET Company Participants Bonnie Bishop - Executive Director of Investor RelationsTrevor Baldwin - Chief Executive OfficerBrad Hale - Chief Financial OfficerElyse Greenspan - Managing DirectorGregory Peters - Managing Director - Equity ResearchPablo Singzon - Executive DirectorTommy McJoynt-Griffith - Director Conference Call Participants Joshua Shanker - Research Analyst Operator Greetings, and welcome to the Baldwin Group Fourth Quarter twent ...

Targa Resources Corp. (NYSE:TRGP) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Tristan Richardson - Vice President, Investor Relations & Fundamentals Matt Meloy - Chief Executive Officer & Director Jen Kneale - President of Finance & Administration Will Byers - Executive Vice President & Chief Financial Officer Scott Pryor - President of Logistics & Transportation Pat McDonie - President of Gathering & Processing Bobby Muraro - Chief Commercial Officer Conference Call ...

Devon Energy (DVN) Q4 2024 Earnings Call February 19, 2025 11:00 AM ET Company Participants Rosy Zuklic - VP - Investor RelationsRick Muncrief - President and CEOClay Gaspar - EVP & COOJeff Ritenour - EVP & CFOScott Hanold - Managing Director - Energy ResearchNeal Dingmann - Managing Director - Energy ResearchNeil Mehta - Head of Americas Natural Resources Equity ResearchArun Jayaram - Vice PresidentKevin MacCurdy - Managing DirectorJohn Freeman - Managing DirectorMatthew Portillo - Partner & Head of Resear ...

Allegion plc (NYSE:ALLE) Q4 2024 Earnings Conference Call February 18, 2025 8:00 AM ET Company Participants Josh Pokrzywinski - Vice President of Investor Relations John Stone - President and Chief Executive Officer Mike Wagnes - Senior Vice President and Chief Financial Officer Conference Call Participants Jeffrey Sprague - Vertical Research Partners Julian Mitchell - Barclays Joe O'Dea - Wells Fargo Securities Timothy Wojs - Baird Brett Linzey - Mizuho Securities Christopher Snyder - Morgan Stanley Operat ...