Mercury Systems, Inc. (NASDAQ:MRCY) Q1 2025 Earnings Conference Call November 5, 2024 5:00 PM ET Company Participants Dave Farnsworth - Executive Vice President and Chief Financial Officer Bill Ballhaus - Chairman and Chief Executive Officer Conference Call Participants Pete Skibitski - Alembic Global Peter Arment - Baird Seth Seifman - JPMorgan Michael Ciarmoli - Truist Securities Conor Walters - Jefferies Ronald Epstein - Bank of America Operator Good day, everyone, and welcome to the Mercury Systems Firs ...

MasterBrand, Inc. (NYSE:MBC) Q3 2024 Earnings Conference Call November 5, 2024 4:30 PM ET Company Participants Farand Pawlak - Vice President of Investor Relations, Treasury and Corporate Communications Dave Banyard - President & Chief Executive Officer Andi Simon - Executive Vice President & Chief Financial Officer Conference Call Participants Garik Shmois - Loop Capital Markets Adam Baumgarten - Zelman & Associates Tom Mahoney - Cleveland Research Operator Greetings and welcome to the MasterBrand's Third ...

Treace Medical Concepts, Inc. (NASDAQ:TMCI) Q3 2024 Earnings Call November 5, 2024 4:30 PM ET Company Participants Vivian Cervantes - Investor Relations John Treace - Chief Executive Officer Mark Hair - Chief Financial Officer Conference Call Participants Robbie Marcus - JPMorgan Danielle Antalffy - UBS Operator Good day and thank you for standing by. Welcome to the Treace Medical Concepts Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being ...

VTEX (NYSE:VTEX) Q3 2024 Earnings Conference Call November 5, 2024 4:30 PM ET Company Participants Geraldo Thomaz Jr. - Founder, Co-Chief Executive Officer Ricardo Camatta Sodre - Chief Financial Officer Mariano Gomide de Faria - Founder, Co- Chief Executive Officer Andre Spolidoro - Chief Strategy Officer Julia Vater Fernández - VP of Investor Relations Conference Call Participants Marcelo Santos - JP Morgan Cesar Medina - Morgan Stanley Leonardo Olmos - UBS Julia Vater Fernández Hello everyone, and welc ...

Financial Data and Key Metrics - Global sales for Q3 2024 were $3.2 billion, reflecting a 0.4% growth compared to Q3 2023 [20] - GAAP operating margin for Q3 2024 was 4.94%, a 140 basis point decline from the prior year [21] - Non-GAAP operating margin for Q3 2024 was 7.64%, a 45 basis point decline from the prior year [21] - GAAP net income for Q3 2024 was $99 million, or $0.78 per diluted share, compared to $137 million, or $1.05 per diluted share, in Q3 2023 [22] - Non-GAAP net income for Q3 2024 was $155 million, or $1.22 per diluted share, compared to $173 million, or $1.32 per diluted share, in Q3 2023 [22] - Adjusted EBITDA for Q3 2024 was $268 million, compared to $278 million in Q3 2023 [24] Business Line Performance - Dental distribution business showed stable patient traffic globally, with North American dental merchandise sales consistent with the prior year [10] - Dental equipment sales in North America were consistent with the prior year, with traditional equipment sales growing slightly and digital equipment sales decreasing [11] - Dental implant and biomaterial sales grew mid-single digits, driven by the launch of the BioHorizons Tapered Pro Conical implant in the U.S. [12] - Orthodontic sales declined due to restructuring and the transition to the Smilers brand Clear Aligner [14] - Technology and value-added services segment posted mid-single-digit growth, driven by growth in cloud-based solutions [15] Market Performance - North American dental merchandise market share grew sequentially compared to Q2 2024 [10] - International dental merchandise sales showed solid growth in Germany, Austria, France, Brazil, Australia, and New Zealand [10] - International dental equipment sales grew 5.6%, with strong performance in Europe, Australia, and New Zealand [11] - Medical sales reflected less demand for respiratory diagnostic products and flu/COVID vaccines, but Home Solutions business showed strong growth [18] Company Strategy and Industry Competition - The company is implementing its BOLD+1 Strategic Plan, focusing on high-growth, high-margin products and services [7] - Acquisitions made during 2022-2024 and product launches are delivering strong financial results [9] - The company is transitioning to a global e-commerce platform, with positive feedback from customers in the UK and Ireland [9] - The company expects to exceed its target of 40% of operating income generated by high-growth, high-margin businesses for fiscal 2024 [8] Management Commentary on Operating Environment and Future Outlook - The company is recovering from last year's cyber incident and steadily gaining market share in dental and medical distribution businesses [7] - Management expects modest improvement in dental and medical markets in 2025, supported by recent investments, new product launches, and continued cyber recovery [36] - The company is on target to achieve its restructuring goal, which should help offset headwinds from higher depreciation expenses [37] Other Important Information - The company repurchased approximately 2 million shares of common stock in Q3 2024 at an average price of $69.09 per share, totaling $135 million [31] - The company expects to collect most of its $60 million cyber insurance claim by the end of 2024 [30] - The company updated its 2024 non-GAAP diluted EPS guidance to $4.74 to $4.82, reflecting growth of 5% to 7% compared to 2023 [34] Q&A Session Summary Question: Overall health of dental and medical trends and impact of one-time items on guidance [39] - Management noted stable market conditions, with a shift towards lower-priced products in the dental market [41][42] - Equipment sales are expected to benefit from the timing of DS World, with most sales recognized in Q4 [44] - Medical sales are being monitored for flu season timing and its impact on diagnostic kit sales [45] Question: 2025 revenue and EPS growth expectations [47] - Management indicated that 2025 guidance will be provided in February 2025, with expectations for modest market improvement and continued market share gains [48] Question: Restructuring savings vs. higher depreciation costs [52] - Management expects restructuring savings to more than offset higher depreciation costs, leading to operating margin expansion in 2025 [53] Question: Market share recovery and consumables tailwind in 2025 [55] - The company expects to enter 2025 with higher market share compared to 2024, though the pace of recovery has been slower than expected [56] Question: Drivers of expected market improvement in 2025 [58] - Management cited stable dental equipment sales, potential interest rate reductions, and positive trends in Europe and other international markets as key drivers [59][61] Question: Implant performance and halo effect of new products [65] - The BioHorizons Tapered Pro Conical implant is driving growth in the U.S., with strong performance in Europe and Brazil [66] Question: Pricing environment and specialty vs. non-specialty market trends [69] - Management noted a shift towards lower-priced products in the dental market, with stable profitability despite pricing pressures [70] Question: Cost savings and revenue impacts from restructuring [74] - Restructuring efforts are focused on minimizing revenue impacts while achieving cost savings, particularly in distribution and technology businesses [75] Question: Medical market trends and competitive dynamics [78] - The medical business is stable, with recovery from the cyber incident and growth in Home Solutions and orthopedic businesses [79][81] Question: Technology and value-added services revenue dynamics [82] - The LPS acquisition and shift to SaaS models are impacting revenue recognition, but the business is growing well [83][84] Question: Manufacturer pricing trends and Clear Aligner restructuring [86] - Management noted price resistance among some manufacturers and is transitioning to the Smilers brand in orthodontics [89][90] Question: Capital allocation and M&A priorities for 2025 [93] - The company expects capital allocation in 2025 to align with historical trends, with potential M&A in Home Solutions and other strategic areas [94][97] Question: Strategic plan and future outlook [98] - The company is optimistic about its market share recovery, high-growth businesses, and upcoming 2025-2027 strategic plan [98][99]

Microchip Technology Incorporated (NASDAQ:MCHP) Q2 2025 Earnings Conference Call November 5, 2024 5:00 PM ET Company Participants Eric Bjornholt - Senior Vice President and Chief Financial Officer Ganesh Moorthy - President and Chief Executive Officer Richard J. Simoncic - Chief Operating Officer Conference Call Participants Timothy Arcuri - UBS Vivek Arya - Bank of America Securities Toshiya Hari - Goldman Sachs Chris Caso - Wolfe Research Blayne Curtis - Jefferies Christopher Rolland - Susquehanna Interna ...

Karyopharm Therapeutics Inc. (NASDAQ:KPTI) Q3 2024 Earnings Conference Call November 5, 2024 8:00 AM ET Company Participants Elhan Webb - Senior Vice President, Investor Relations Richard Paulson - President and Chief Executive Officer Reshma Rangwala - Chief Medical Officer Sohanya Cheng - Chief Commercial Officer Michael Mason - Chief Financial Officer Conference Call Participants Brian Abrahams - RBC Capital Markets Ed White - H.C. Wainwright Peter Lawson - Barclays Maury Raycroft - Jefferies Operator Go ...

Paysign, Inc. (NASDAQ:PAYS) Q3 2024 Earnings Conference Call November 5, 2024 5:00 PM ET Company Participants Mark Newcomer - President and CEO Jeff Baker - CFO Matt Turner - President, Patient Affordability Conference Call Participants Pete Heckmann - D.A. Davidson Gary Prestopino - Barrington Research Jon Hickman - Ladenburg Thalmann Operator Good afternoon. My name is Kevin, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Paysign, Inc.'s Third Quarter 2024 Ea ...

SunOpta Inc. (NASDAQ:STKL) Q3 2024 Earnings Conference Call November 5, 2024 5:30 PM ET Company Participants Reed Anderson - ICR Brian Kocher - Chief Executive Officer Greg Gaba - Chief Financial Officer Conference Call Participants Jim Salera - Stephens Daniel Gold - BMO Capital Markets Ryan Myers - Lake Street Capital Markets Brian Holland - D.A. Davidson Alex Fuhrman - Craig-Hallum Capital Group John Baumgartner - Mizuho Securities Jon Anderson - William Blair Daniel Biolsi - Hedgeye Operator Greetings, ...

loanDepot, Inc. (NYSE:LDI) Q3 2024 Earnings Conference Call November 5, 2024 5:00 PM ET Company Participants Gerhard Erdelji - SVP, IR Frank Martell - President and CEO David Hayes - CFO Jeff Walsh - President, LDI Mortgage Jeff DerGurahian - Chief Investment Officer Conference Call Participants Douglas Harter - UBS Derek Sommers - Jefferies Operator Good afternoon, and welcome to loanDepot's Third Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any background noise. [Operator Inst ...