Kimberly-Clark Corporation (NYSE:KMB) Bernstein's 40th Annual Strategic Decisions Conference Call May 30, 2024 9:00 AM ET Company Participants Nelson Urdaneta - Chief Financial Officer Conference Call Participants Callum Elliott - Bernstein Callum Elliott Okay, great. I can see the timer has started, so we're going to kick it off. Thank you, everyone, for joining us. For those of you who may not know me, my name is Callum Elliott. I'm Bernstein's U.S. HPC and soft drinks analyst. I'm delighted to welcome Ne ...

Uber Technologies, Inc. (NYSE:UBER) Bernstein's 40th Annual Strategic Decisions Conference May 30, 2024 11:00 AM ET Company Participants Prashanth Mahendra-Rajah - CFO Deepa Subramanian - VP, IR & Corporate Finance Conference Call Participants Nikhil Devnani - Bernstein Nikhil Devnani All right, good morning everybody. Let's get started. Thank you for joining. My name is Nikhil Devnani. I'm Bernstein's US Emerging Internet Analyst covering Uber. It's my pleasure today to be hosting Prashanth Mahendra-Rajah, ...

Company and Industry Overview * **Company**: Lumen Technologies, Inc. (NYSE:LUMN) * **Industry**: Telecommunications, specifically telco wireless and cable space * **Event**: TD Cowen 52nd Annual Technology, Media & Telecom Conference * **Date**: May 30, 2024 Key Points Turnaround Strategy * **Focus Areas**: * **Innovation for Growth**: Enhancing network connectivity and offering additional services like security edge compute and seamless workload movement. * **Innovation for Cost**: Reducing costs through network unification and process simplification. * **Legacy Declines**: Addressing legacy product declines while managing cash flow for future investments. * **Challenges**: * Legacy product declines accelerating. * Industry-wide rewrite off-net activity driving short-term results at the expense of customer focus. Cost Reduction Efforts * **Workforce Reduction**: 7% reduction implemented, saving $90 million to $100 million in Q2. * **Cost Savings Opportunities**: * Simplifying processes and improving customer experience. * Integrating legacy systems to unlock cost potential. * **EBITDA Growth**: Expected to grow through the year due to cost savings and improved sales rates. AI-Driven Demand * **Generational Opportunity**: AI-driven demand expected to last 5-10 years. * **Revenue Growth**: Focus on selling connectivity solutions that enable on-demand data access and routing. * **Internal AI Applications**: Using AI tools like CoPilot for productivity improvements and code development. Consumer Business Strategy * **Strategic Review**: Exploring options for the consumer business, including potential divestiture. * **Market Conditions**: Current market conditions favoring joint ventures and fiber acquisition without taking on balance sheet risk. Business Segments * **Large Enterprise**: * Focus on driving execution and improving sales results. * Legacy declines and industry-wide bad behavior impacting growth. * **Mid Markets**: * Seeing notable improvement in sales and product portfolio. * Partner ecosystem expansion driving growth. * **Public Sector**: * Winning large contracts and seeing growth due to scaling of installations. Future Outlook * **Investor Day**: Expected to provide more visibility around free cash flow streams, cost paradigm, and consumer business direction. * **Innovation Initiatives**: Launching Lumen Defender, a security product, and focusing on big connectivity deals and security solutions.

Ford Motor Company (NYSE:F) Bernstein Annual Strategic Decisions Conference May 30, 2024 8:00 AM ET Company Participants James Farley - President & CEO Conference Call Participants Toni Sacconaghi - Bernstein Daniel Roeska - Bernstein Toni Sacconaghi Welcome, everyone. We're super excited to have Jim Farley, President and CEO of Ford, join us again this year at our conference. I'm Tony Sacconaghi, Bernstein's IT hardware and electric vehicles analyst. And I'm joined by Daniel Roeska, who's our U.S. autos an ...

United Airlines Holdings, Inc. (NASDAQ:UAL) Bernstein's 40th Annual Strategic Decisions Conference May 29, 2024 11:00 AM ET Company Participants Kristina Munoz - Director, Investor Relations Scott Kirby - Chief Executive Officer Conference Call Participants David Vernon - Bernstein David Vernon All right. We are coming up to the top of the hour. So I want to welcome you all to Bernstein's 40th Annual Strategic Decisions Conference. We are delighted today to be joined by Scott Kirby, United Airlines and the ...

Western Digital Corporation (NASDAQ:WDC) TD Cowen 52nd Annual Technology, Media & Telecom Conference May 30, 2024 9:05 AM ET Company Participants Peter Andrew - VP, Financial Planning and Analyst and IR David Goeckeler - CEO Conference Call Participants Krish Sankar - TD Cowen Krish Sankar All right. Good morning, everybody. I'm Krish Sankar, the TD Cowen analyst covering Western Digital. We're very fortunate enough to have Dave Goeckeler, the CEO and also Peter Andrew, Head of IR for Western Digital. I'll ...

Greetings and welcome to the UiPath First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Alif Furwani, Senior Director of Investor Relations. Thank you, Alif. You may begin. Go ...

Lockheed Martin Corporation (NYSE:LMT) Bernstein's 40th Annual Strategic Decisions Conference Call May 30, 2024 8:00 AM ET Company Participants Jay Malave - Chief Financial Officer Frank St. John - Chief Operating Officer Conference Call Participants Doug Harned - Bernstein Doug Harned Okay, great. Good morning. I'm Doug Harned, Bernstein's aerospace and defense analyst. I am really thrilled to have with us again Lockheed Martin. We've got with us today Frank St. John, the Chief Operating Officer of Lockhee ...

The Goldman Sachs Group, Inc. (NYSE:GS) Bernstein's 40th Annual Strategic Decisions Conference May 30, 2024 8:00 AM ET Company Participants John Waldron - COO and President Conference Call Participants Unidentified Analyst All right. Good morning, everyone, and thanks for making it in again for the second day. We'll get started here with our first session for the day. We have Goldman Sachs again. Representing Goldman, we have John Waldron, Chief Operating Officer and President. Thank you, John. I think you ...

Micron Technology, Inc. (NASDAQ:MU) Goldman Sachs’ Global Semiconductor Conference May 30, 2024 8:20 AM ET Company Participants Sumit Sadana - Chief Business Officer Conference Call Participants Toshiya Hari - Goldman Sachs Toshiya Hari Good morning, everyone. My name is Toshiya Hari. I cover the U.S. Semiconductor and Semiconductor Cap Equipment Space. Very honored, very excited to have Sumit Sadana from Micron. He's the Chief Business Officer for the company. Sumit, thank you so much for supporting the c ...