Holley Inc. (NYSE:HLLY) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Anthony Rozmus – Investor Relations Matt Stevenson – President and Chief Executive Officer Jesse Weaver – Chief Financial Officer Conference Call Participants Christian Carlino – JPMorgan Mike Swartz – Truist Securities Joe Altobello – Raymond James Brian McNamara – Canaccord Genuity Bret Jordan – Jefferies Phillip Blee – William Blair Michael Baker – D.A. Davidson John Lawrence – The Benchmark Company ...

Orion S.A. (NYSE:OEC) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Chris Kapsch – Vice President-Investor Relations Corning Painter – Chief Executive Officer Jeff Glajch – Chief Financial Officer Conference Call Participants Josh Spector – UBS Laurence Alexander – Jefferies John Roberts – Mizuho Securities Jeff Zekauskas – JPMorgan Jon Tanwanteng – CJS Securities Operator Greetings, and welcome to the Orion Third Quarter 2024 Earnings Conference Call. At this time, all p ...

Delcath Systems Inc (NASDAQ:DCTH) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants David Hoffman - General Counsel, Corporate Secretary & Chief Compliance Officer Gerard Michel - CEO Sandra Pennell - SVP, Finance Kevin Muir - General Manager, Interventional Oncology Vojislav Vukovic - Chief Medical Officer Conference Call Participants Sudan Loganathan - Stephens Swayampakula Ramakanth - H.C. Wainwright John Newman - Canaccord Genuity Corp Yale Jen - Laidlaw & Company Chase K ...

DraftKings Inc. (NASDAQ:DKNG) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Alan Ellingson - CFO Jason Robins - Co-Founder & CEO Conference Call Participants Shaun Kelley - Bank of America David Katz - Jefferies Robin Farley - UBS Carlo Santarelli - Deutsche Bank Joe Greff - JPMorgan Ben Miller - Goldman Sachs Stephen Grambling - Morgan Stanley Benjamin Chaiken - Mizuho Clark Lampen - BTIG Joe Stauff - Susquehanna Dan Politzer - Wells Fargo Brandt Montour - Barclays Jed K ...

Adient plc (NYSE:ADNT) Q4 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Michael Heifler - Vice President, Investor Relations and Strategy Jerome Dorlack - President and Chief Executive Officer Mark Oswald - Executive Vice President and Chief Financial Officer Conference Call Participants John Murphy - Bank of America Colin Langan - Wells Fargo Joe Spak - UBS Emmanuel Rosner - Wolfe Research James Picariello - BNP Paribas Operator Welcome to the Adient's Fourth Quarter 2024 E ...

EOG Resources, Inc. (NYSE:EOG) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Pearce Hammond - Vice President, Investor Relations Ezra Yacob - Chairman & Chief Executive Officer Ann Janssen - Chief Financial Officer Jeff Leitzell - Chief Operating Officer Keith Trasko - Senior Vice President, Exploration & Production Conference Call Participants Steve Richardson - Evercore ISI Arun Jayaram - JPMorgan Securities LLC Scott Hanold - RBC Capital Markets Leo Mariani - ROTH Kal ...

Financial Data and Key Metrics - The company raised its 2024 financial guidance by $175 million, marking the second consecutive year of surpassing original earnings targets [7] - For 2025, the company expects adjusted EPS of $7.25, adjusted EBITDA of $3.85 billion, and free cash flow before growth of $2.1 billion, reflecting a 14% increase in adjusted EPS from the raised 2024 guidance [10] - The company achieved $550 million in run rate synergies, investment-grade credit metrics, and 15% free cash flow before growth per share growth, exceeding initial projections [11] - The company increased its share repurchase authorization by an additional $1 billion [12] Business Segment Performance - The company's strong performance in 2024 was driven by effective supply risk management, margin growth across all business segments, and success in the smart home sector [9] - The consumer business is expected to drive $750 million in adjusted EBITDA organic growth through 2029, with 30% from home energy, 50% from smart home, and 20% from commercial and industrial energy [16] - The smart home segment saw an 18% increase in adjusted EBITDA, driven by mid-single-digit growth in subscriber count and a 6% expansion in net service margin [47] Market Performance and Opportunities - Texas remains the most attractive power market, with significant demand growth, including an 8-gigawatt queue of data center demand in Houston, a 700% increase from pre-summer levels [23] - The company has a portfolio of 21 development sites and two shovel-ready brownfield projects in Texas, offering potential for additional value creation [24] - The company's long-term outlook includes a 10% CAGR through 2029, with potential upside from Texas power price increases and other opportunities [15] Strategic Initiatives and Partnerships - The company announced a strategic partnership with Renew Home and Google Cloud to accelerate its Virtual Power Plant (VPP) efforts, aiming to develop a 1-gigawatt residential VPP in Texas [27] - The VPP initiative is expected to generate $110 million in annual recurring margin at scale, with $80 million from consumer value and $30 million from supply value [36] - The company introduced the Home Essentials bundle, which includes smart home devices at no cost to customers enrolled in a VPP plan, aiming to enhance customer engagement and retention [31] Management Commentary on Industry and Future Outlook - The company emphasized its strong operational performance and favorable market conditions, with a robust outlook for 2025 and beyond [12] - Management highlighted the potential for significant upside beyond the baseline growth expectations, particularly in Texas, where market tightening is expected due to rising demand [15] - The company is confident in achieving its long-term targets of at least 10% growth in adjusted EPS and free cash flow before growth per share, with numerous opportunities to exceed these goals [63] Q&A Session Highlights Question: Update on site development and hyperscaler deals - The company plans to provide an update on site development by the fourth quarter call, with significant interest in both PJM and Texas markets [68] - The company is exploring options for its two shovel-ready brownfield projects in Texas, which were not selected for the Texas Energy Fund, and is considering directing them to hyperscalers [69] Question: Variability in growth segments and cost to achieve - The company sees potential upside across all growth segments, with a $1.6 billion investment planned to achieve $750 million in annualized EBITDA growth over the next five years [71] Question: Virtual Power Plant (VPP) economics and competition - The VPP initiative is seen as a cost-effective way to hedge against price spikes and super peaks, with significant value in customer retention and supply-side benefits [81][82] - The company believes it is uniquely positioned to scale the VPP initiative due to its customer base, supply management expertise, and partnerships with Renew Home and Google [93] Question: Organic growth opportunities in retail energy - The company sees significant opportunities to expand share of wallet with existing customers, particularly in Texas, where it holds nearly 40% market share in residential energy [97] - Data center growth is also driving long-term contract opportunities in the commercial and industrial energy sector, with a flight to quality among large customers [98]

Fortrea Holdings, Inc. (NASDAQ:FTRE) Q3 2024 Earnings Conference Call November 8, 2024 8:00 AM ET Company Participants Hima Inguva - Head, IR & Corporate Development Tom Pike - CEO Jill McConnell - CFO Conference Call Participants Eric Coldwell - Baird Patrick Donnelly - Citi Justin Bowers - DB Luke Sergott - Barclays David Windley - Jefferies Elizabeth Anderson - Evercore Max Smock - William Blair Will Ortmayer - Goldman Sachs John Kim - Bank of America Operator Ladies and gentlemen, thank you for standing ...

Financial Data and Key Metrics - Revenue for Q3 2024 was $42.5 million, down 9.1% YoY, with case volume declining 4.3% YoY [8] - Same-store cases declined 8.1% YoY, an improvement from the 14% decline in Q2 2024 [8] - Adjusted EBITDA was $4.7 million, or 11% of revenue, compared to $9.1 million, or 19.4% of revenue, in Q3 2023 [8] - Average revenue per case was $12,984, on the high side of the $12,000 to $13,000 range, but down from $13,658 in Q3 2023 [15] - Customer acquisition cost (CAC) was $2,900 per case, up from $2,750 in the prior year [17] Business Line Performance - The company opened four new centers in Q3 2024: Kansas City, Columbus, Deerfield, and Birmingham, with a fifth center in White Plains expected to open soon [13] - The 2023 de novo centers are performing ahead of the $4.5 million first-year revenue target, with a payback period of less than one year [12] - The company operated 31 facilities as of September 30, 2024, up from 27 in Q3 2023 [13] Market Performance - The company is seeing measured improvement in converting leads to consultations, attributed to a more targeted advertising approach [9] - The percentage of patients using financing for procedures remained consistent at 53% [16] - The company is exploring opportunities to extend payment options for qualified customers, potentially increasing revenue per case [31] Strategic Initiatives and Industry Competition - The company is focusing on three back-to-basics priorities: improving lead-to-case conversion, ensuring successful de novo center openings, and better cost management [7] - The company is leveraging Salesforce to reconnect with customer leads and improve conversion rates [11] - The company is exploring opportunities in skin tightening procedures, particularly in response to the growing use of GLP-1 drugs [26][27] Management Commentary on Operating Environment and Future Outlook - The company is navigating a challenging consumer spending environment, with lower case and lead volumes impacting revenue [15] - The company expects to achieve $2 million in annualized cost savings and plans to reinvest savings into higher-return marketing activities [14] - The company increased its 2024 revenue guidance midpoint to $183 million to $189 million and maintained its adjusted EBITDA guidance of $23 million to $28 million [19] Other Important Information - The company promoted Philip Bodie to Chief Accounting Officer, citing his significant experience in the healthcare industry [20] - The search for a permanent CEO is ongoing, with several interviews conducted and an announcement expected soon [21] Q&A Session Summary Question: New Center Ramp-Up and Contribution Expectations - The four new centers opened in Q3 contributed 530 cases, with Deerfield and Birmingham contributing minimally due to late-quarter openings [23] - The company expects a significant improvement in Q4, with centers potentially doubling their Q3 case volume [24] Question: Impact of GLP-1 Drugs on Demand - The company has not seen significant changes in demand due to GLP-1 drugs but is exploring opportunities in skin tightening procedures [26][27] Question: New Payment Options for Consumers - The company is extending payment options for qualified customers, potentially increasing revenue per case and volume [31] Question: Cost of Service Increase and Future Expectations - The increase in cost of service was driven by new center openings and pre-opening costs, with improvement expected in Q4 as centers ramp up [36][37] Question: SG&A Spend and Future Outlook - The company reduced marketing spend by $4.1 million sequentially and expects a slight uptick in Q4, focusing on optimizing marketing spend [40][41] - Corporate overhead reductions of $0.5 million are expected to continue into Q4 and 2025 [42]

Goldman Sachs BDC (NYSE:GSBD) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants Austin Neri - Investor Relations Alex Chi - Co-Chief Executive Officer and Co-President David Miller - Co-Chief Executive Officer and Co-President Tucker Greene - Chief Operating Officer Stanley Matuszewski - Chief Financial Officer and Treasurer Conference Call Participants Mark Hughes - Truist Derek Hewett - Bank of America Securities Robert Dodd - Raymond James Austin Neri Good morning. This is ...