Wallbox N.V. (NYSE:WBX) Q3 2024 Earnings Call November 6, 2024 8:00 AM ET Company Participants Michael Wilhelm - Investor Relations Enric Asuncion - Chief Executive Officer Luis Boada - Chief Financial Officer Conference Call Participants George Gianarikas - Canaccord Genuity Ben Kallo - Baird Operator Hello, everyone and welcome to Wallbox’s Third Quarter 2024 Earnings Conference Call and Webcast. My name is Charlie and I will be coordinating today’s call. [Operator Instructions] I’d now like to turn the c ...

CVS Health Corporation (NYSE:CVS) Q3 2024 Earnings Conference Call November 6, 2024 8:00 AM ET Company Participants David Joyner - President, Chief Executive Officer Tom Cowhey - Executive Vice President, Chief Financial Officer Prem Shah - Group President Larry McGrath - Chief Strategy Officer, Investor Relations Conference Call Participants Lisa Gill - JP Morgan Justin Lake - Wolfe Research Stephen Baxter - Wells Fargo Michael Cherny - Leerink Partners Josh Raskin - Nephron Research Elizabeth Anderson - ...

Lantheus Holdings, Inc. (NASDAQ:LNTH) Q3 2024 Earnings Conference Call November 5, 2024 8:00 AM ET Company Participants Mark Kinarney - VP of IR Brian Markison - CEO Paul Blanchfield - President Bob Marshall - CFO Jeff Humphrey - Chief Medical Officer Conference Call Participants Roanna Ruiz - Leerink Partners Anthony Petrone - Mizuho Group Richard Newitter - Truist Securities Matt Taylor - Jefferies Larry Solow - CJS Securities Tara Bancroft - TD Cowen Yuan Zhi - B. Riley Kemp Dolliver - Brookline Capita ...

Trimble Inc. (NASDAQ:TRMB) Q3 2024 Earnings Conference Call November 6, 2024 8:00 AM ET Company Participants Rob Painter - President & Chief Executive Officer Phil Sawarynski - Chief Financial Officer Conference Call Participants Kristen Owen - Oppenheimer Jerry Revich - Goldman Sachs Rob Wertheimer - Melius Research Jerry Revich - Goldman Sachs Jason Celino - KeyBanc Capital Markets Tami Zakaria - JPMorgan Clarke Jeffries - Piper Sandler Chad Dillard - Bernstein Arsenije Matovic - Wolfe Research Operator T ...

ATS Corporation. (NYSE:ATS) Q2 2025 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants David Galison - Head of Investor Relations Andrew Hider - Chief Executive Officer Ryan McLeod - Chief Financial Officer Conference Call Participants Sabahat Khan - RBC Justin Keywood - Stifel David Ocampo - Cormark Securities Patrick Sullivan - TD Cowen Maxim Sytchev - National Bank Financial Michael Glen - Raymond James Patrick Baumann - JPMorgan Operator Welcome to the ATS Corporation Second Quart ...

Kornit Digital Ltd. (NASDAQ:KRNT) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Jared Maymon - Global Head of Investor Relations Ronen Samuel - Chief Executive Officer Lauri Hanover - Chief Financial Officer Conference Call Participants Chris Moore - CJS Securities Greg Palm - Craig-Hallum Capital Group Erik Woodring - Morgan Stanley James Ricchiuti - Needham & Company Chris Reimer - Barclays Brian Drab - William Blair Operator Ladies and gentlemen, good morning and welco ...

Ternium S.A. (NYSE:TX) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Sebastian Marti - Global IR & Compliance Senior Director Maximo Vedoya - Chief Executive Officer Pablo Brizzio - Chief Financial Officer Conference Call Participants Marcio Farid - Goldman Sachs Alfonso Salazar - Scotiabank Henrique Braga - Morgan Stanley Camilla Barder - Bradesco BBI Operator Thank you for standing by. My name is Kayla, and I will be your conference operator today. At this time, I would ...

Super Group (NYSE:SGHC) Limited (SGHC) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Brett Milotte - Investor Relations Neal Menashe - Chief Executive Officer Alinda Van Wyk - Chief Financial Officer Richard Hasson - President & Chief Commercial Officer Conference Call Participants Jed Kelly - Oppenheimer Bernie McTernan - Needham Michael Graham - Canaccord Mike Hickey - The Benchmark Company Operator Mr. Milotte, you may begin. Brett Milotte Thank you. Good morning, ever ...

Financial Data and Key Metrics - Adjusted EBITDA for Q3 2024 was $291 million, up from $271 million in Q2 2024 [12] - Free cash flow for Q3 2024 was $165 million, including approximately four weeks of contribution from the Diamond acquisition [12] - Contract drilling services revenue for Q3 2024 totaled $764 million, up from $661 million in Q2 2024 [26] - Adjusted EBITDA margin for Q3 2024 was 36% [27] - Cash flow from operations was $284 million, and net capital expenditures were $119 million in Q3 2024 [27] - Total backlog as of November 5, 2024, stands at $6.2 billion, with $500 million scheduled for revenue conversion in the final eight weeks of 2024 and $2.6 billion for 2025 [28] Business Line Data and Key Metrics - The company achieved 4.8 rig years of additional backlog for four drillships working with ExxonMobil in Guyana, extending visibility through August 2028 [13] - The Ocean Endeavor booked an additional 130 days for Shell in the UK North Sea, with options extending through July 2025 [13] - The BlackRhino was awarded a six-month contract in the Gulf of Mexico at a day rate slightly below $500,000, set to commence in Q1 2025 [13] - The Faye Kozack set a new pre-salt drilling record in Brazil, and the Discoverer successfully drilled its first well for Petrobras in Colombia [14] - The Ocean GreatWhite resumed its contract with BP in the UK, expected to continue through April 2025 [15] - The BlackLion and Deliverer moved to higher day rate contracts in the mid-to-high $400,000 range during the quarter [15] Market Data and Key Metrics - Global demand for floaters remains high, with over 100 rig years of demand from tenders and pre-tenders [17] - 26 ultra-deepwater rig years were contracted in Q3 2024, a 20% increase over Q2 2024 [18] - 56% of the total marketed fleet is committed for 2025, with 59% of marketed floaters and 75% of tier-1 drillships contracted for 2025 [19] - Jack-up fleet utilization improved from 77% in Q2 to 83% in Q3 2024, with 11 of 13 rigs contracted at an average day rate of $145,000 [23] Company Strategy and Industry Competition - The acquisition of Diamond Offshore, completed on September 4, 2024, added $2 billion to backlog and created a fleet of 41 rigs, including the largest fleet of seventh-generation dual-BOP drillships [9] - The company is on track to achieve $100 million in synergies from the Diamond acquisition, with 75% expected to be captured within one year of closing [28] - The company is focused on maximizing capital returns to shareholders, with $800 million returned through dividends and buybacks since the Maersk Drilling combination in Q4 2022 [11] - The company expects a reduction in CapEx by 25%-30% in 2025, providing a free cash flow tailwind [33] Management Commentary on Operating Environment and Future Outlook - The company remains constructive on the multi-year fundamental outlook, with optimism for a demand uptick in late 2025 and early 2026 [18][36] - The company expects a flat EBITDA run rate in the first half of 2025, with a potential step-up in the second half of 2025 [31][36] - The company is actively negotiating contracts that could drive an inflection in backlog and EBITDA potential in the second half of 2025 [21][31] - The company is monitoring customer budget allocations for 2025, with early indications of higher offshore spending [36] Other Important Information - The company has elected not to stack any rigs at this time but may stack one or more sixth-generation units if demand does not materialize as expected [22] - The company is focused on maintaining a strong balance sheet and returning excess free cash flow to shareholders through dividends and share repurchases [33][48] Q&A Session Summary Question: Outlook for the first half of 2025 and potential rig stacking [38] - The company acknowledges white space in the first half of 2025 due to customer capital discipline and delayed FPSOs but remains optimistic about a rebound in rig demand by late 2025 and 2026 [39][40] - The company may stack sixth-generation rigs if demand does not materialize but does not anticipate dramatic measures for seventh-generation rigs [42] Question: Magnitude of EBITDA inflection in the second half of 2025 [45] - The company expects a significant inflection in EBITDA in the second half of 2025, with Q3 2024 combined EBITDA (including Diamond) at $350 million as a reference point [46] Question: Capital allocation and debt management [48] - The company is comfortable with its current capital structure and plans to continue returning capital to shareholders through dividends and share repurchases [48] Question: Jack-up fleet strategy and potential divestitures [49] - The company has no urgency to divest non-core jack-up rigs but will consider strategic moves if they align with shareholder interests [50] Question: Cost savings from rig stacking [51] - The company outlined a sliding scale of cost savings, with operating costs potentially reduced to $40,000-$50,000 per day before cold stacking [52] Question: Geographic opportunities and market outlook [54] - The company sees opportunities globally, with a focus on the Golden Triangle (South America, West Africa, and the Gulf of Mexico) and expects growth in regions like Suriname, Namibia, and Mozambique [55][56] Question: Synergies from the Diamond acquisition [59] - The company sees potential to exceed the $100 million synergy target from the Diamond acquisition, similar to the Maersk transaction [59] Question: Outlook for the Developer rig [63] - The Developer rig is currently idle, with operating costs around $100,000 per day, and the company is exploring opportunities for late 2025 and 2026 [64][65] Question: Demand for Globetrotter rigs [67] - The company is in active conversations for well intervention work for both Globetrotter rigs, primarily in the U.S. Gulf, but may adjust if demand shifts [68]

Mastech Digital, Inc. (NYSE:MHH) Q3 2024 Earnings Conference Call November 6, 2024 9:00 AM ET Company Participants Jenna Lacey – Manager-Legal Affairs Jack Cronin – Chief Financial Officer Vivek Gupta – Chief Executive Officer Conference Call Participants Lisa Thompson – Zacks Investment Research Marc Riddick – Sidoti Operator Greetings and welcome to the Mastech Digital Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session ...