Core Viewpoint - Growth investors are attracted to stocks with above-average financial growth, but identifying such stocks can be challenging due to their inherent risks and volatility [1] Group 1: Company Overview - Camping World (CWH) is highlighted as a recommended growth stock based on the Zacks Growth Style Score, which evaluates a company's growth potential beyond traditional metrics [2] - The company has a favorable Growth Score and a top Zacks Rank, indicating strong investment potential [2] Group 2: Earnings Growth - Historical EPS growth for Camping World stands at 34.4%, but projected EPS growth for this year is significantly higher at 348.5%, surpassing the industry average of 24.4% [5] Group 3: Asset Utilization - Camping World has an asset utilization ratio (sales-to-total-assets ratio) of 1.25, indicating that the company generates $1.25 in sales for every dollar in assets, compared to the industry average of 0.5 [6] Group 4: Sales Growth - The company's sales are expected to grow by 6.9% this year, which is above the industry average growth of 5.3% [7] Group 5: Earnings Estimate Revisions - Current-year earnings estimates for Camping World have been revised upward, with the Zacks Consensus Estimate increasing by 3% over the past month [9] Group 6: Investment Positioning - With a Zacks Rank of 2 and a Growth Score of A, Camping World is well-positioned for outperformance, making it an attractive option for growth investors [11]

Vulcan Materials Company (VMC) Q4 2024 Earnings Call February 18, 2025 11:00 AM ET Company Participants Mark Warren - Vice President, Investor RelationsJ. Thomas Hill - CEO & Chair of the BoardMary Carlisle - Senior VP & CFOTrey Grooms - Managing DirectorKathryn Thompson - Founding Partner & CEOJerry Revich - Senior Investment Leader & Head of US Machinery, Infrastructure, Sustainable Tech franchiseAngel Castillo - Executive DirectorPhilip Ng - Managing DirectorMike Dahl - Managing Director - Equity Researc ...

Financial Data and Key Metrics Changes - Ameren reported adjusted earnings of $4.63 per share for 2024, an increase from $4.38 per share in 2023, exceeding the 2024 adjusted earnings guidance midpoint [5][24] - The company strategically invested approximately $4.3 billion in energy infrastructure in 2024 [5] - Weather normalized retail sales grew approximately 2% across Ameren Missouri, with specific growth of 2% in residential, 1.5% in commercial, and 3% in industrial sectors [26] Business Line Data and Key Metrics Changes - The company achieved a compound annual growth rate of approximately 7.6% in weather normalized adjusted earnings per share since 2013, with annual dividends increasing by approximately 68% [7] - The focus for 2025 includes investing approximately $4.2 billion in electric, natural gas, and transmission infrastructure to enhance grid safety and reliability [8][10] Market Data and Key Metrics Changes - Ameren expects weather normalized retail sales to increase approximately 5.5% compounded annually from 2025 through 2029, a significant increase from prior expectations of flat to 0.5% growth [12] - The company anticipates a total of 1.5 gigawatts of load growth by the end of 2029, with 1.8 gigawatts of new load construction agreements already signed [13][15] Company Strategy and Development Direction - Ameren's strategy is guided by three pillars: investing in rate-regulated infrastructure, enhancing regulatory frameworks, and optimizing operating performance [4] - The company plans to grow its rate base at a 9.2% compound annual rate from 2024 through 2029, reflecting a 20% increase in its five-year capital plan compared to the previous year [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering strong results in 2025, driven by robust sales growth and energy infrastructure investment opportunities [9] - The company remains focused on maintaining competitive rates while pursuing economic development opportunities that will bring jobs and tax revenue to the states it serves [4][8] Other Important Information - Ameren's Board of Directors approved a quarterly dividend increase of approximately 6%, resulting in an annualized dividend rate of $2.84 per share, marking the twelfth consecutive year of dividend increases [10] - The company has a ten-year investment pipeline of over $63 billion aimed at enhancing the reliability and efficiency of its energy grid [22] Q&A Session Summary Question: Can you speak to how close you are to the top end of 6% to 8% growth? - Management indicated that they are excited about the sales growth and capital plan, expecting to deliver near the upper end of the range in the mid to latter part of the five-year plan [45][47] Question: How much capacity headroom is there in the resource mix? - Management stated that the updated resource plan reflects realistic short-term goals, with the ability to serve 2 gigawatts of demand by 2032 and potentially more thereafter [51][52] Question: What are you tracking on FFO to debt? - Management expressed confidence in maintaining a strong balance sheet, indicating that they are positioned to support a Baa1 rating and are above the downgrade threshold [60][61] Question: Can you help reconcile what is in the five-year plan versus upside opportunities? - Management clarified that there are significant upside opportunities in the transmission projects, with a total of $5 billion in the ten-year pipeline, and they are actively pursuing competitive projects [62][63] Question: How do you envision the new nuclear capacity? - Management noted that while new nuclear capacity is long-dated, they are exploring various technologies and will monitor developments closely without making immediate financial commitments [84][86]