Financial Data and Key Metrics Changes - Nasdaq reported net revenues of $4.6 billion for 2024, with adjusted non-GAAP net revenues of $4.7 billion, reflecting a 9% increase from 2023 [12] - Annualized recurring revenue reached $2.8 billion, representing a 7.5% increase year over year [12] - The company returned $145 million in stock repurchases and $541 million in quarterly dividends during 2024 [12] Business Line Data and Key Metrics Changes - The Capital Access Platforms division achieved 10% revenue growth, driven by strong index performance and 180 IPOs raising $23 billion in proceeds [13][14] - The Financial Technology division also saw 10% revenue growth and 12% annual recurring revenue growth, with significant client engagement [15][16] - The Market Services division reported record full-year revenue, driven by increased volumes in US equities and derivatives [17] Market Data and Key Metrics Changes - Nasdaq maintained its position as the top U.S. exchange for IPOs, achieving an 80% win rate among eligible company IPOs [14] - The index franchise experienced a 31% revenue growth, with record assets under management [15] Company Strategy and Development Direction - Nasdaq's strategic priorities for 2024 included "Integrate, Innovate, and Accelerate," focusing on enhancing operational efficiency and innovation [18] - The integration of Acxiom SL and Calypso is seen as pivotal in advancing Nasdaq's platform company journey [16] - The company aims to exceed $100 million in run rate revenue from cross-sells by the end of 2027 [19] Management's Comments on Operating Environment and Future Outlook - Management noted that recent policy shifts and potential tariffs have created short-term volatility, impacting global GDP growth expectations [20] - Nasdaq's diversified business model positions it for resilient growth despite macroeconomic challenges [21] - The company expressed confidence in achieving its medium-term outlook and continuing to create shareholder value [21] Other Important Information - The meeting was held virtually, with procedures in place to ensure shareholder participation [3][4] - The company highlighted the importance of its markets and infrastructure during recent trading volatility [20] Q&A Session Summary Question: How does the Compensation Committee use compensation actually paid total compensation figures in its calculation of CEO target total compensation award for the upcoming year? - The Compensation Committee emphasizes linking pay to performance, with decisions informed by competitive market data and actual CEO performance [26][28] - The variability in compensation figures reflects the effectiveness of this philosophy [28]

Terex (TEX) Q1 2025 Earnings Call May 02, 2025 08:00 AM ET Speaker0 Greetings, and welcome to the Carex First Quarter twenty twenty five Results Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. And it is now my pleasure to introduce your host, Derek Everett, Vice President, Investor Relations. Please go ahead. Speaker1 Good morning and welcome to the Terex firs ...