The Boeing Company (NYSE:BA) BofA Securities Global Industrials Conference March 20, 2024 5:40 AM ET Company Participants Brian West - Chief Financial Officer Executive Vice President, Finance Conference Call Participants Unidentified Analyst Thank you for joining us. Brian West, CFO and Executive Vice President, Finance of the Boeing Company. Thanks for taking time out and spending it with us today. Brian West Nice to be here. Unidentified Analyst Yeah. So maybe to just start it off. There's been a lot of ...

NVIDIA Corporation (NASDAQ:NVDA) GTC Financial Analyst Q&A Call March 19, 2024 11:30 AM ET Company Participants Jensen Huang - Founder and Chief Executive Officer Colette Kress - Executive Vice President and Chief Financial Officer Conference Call Participants Ben Reitzes - Melius Research Vivek Arya - Bank of America Merrill Lynch Stacy Rasgon - Bernstein Research Matt Ramsay - TD Cowen Tim Arcuri - UBS Brett Simpson - Arete Research C.J. Muse - Cantor Fitzgerald Joseph Moore - Morgan Stanley Atif Malik - ...

Biogen Inc. (NASDAQ:BIIB) Stifel 2024 Virtual CNS Days Conference March 19, 2024 10:00 AM ET Company Participants Priya Singhal - Head of Development & Interim Chief Medical Officer Conference Call Participants Paul Matteis - Stifel Operator Paul Matteis Great. Thank you. Good morning, everybody. It's my pleasure to be hosting this panel with Priya Singhal, Head of Development; and now also Interim Chief Medical Officer at Biogen. Priya has done this panel with me a couple of years in a row, and there's alw ...

Mastercard Incorporated (NYSE:MA) BofA Virtual Electronic Payments Symposium March 18, 2024 3:45 PM ET Company Participants Sachin Mehra - CFO Conference Call Participants Jason Kupferberg - Bank of America Sachin Mehra Hi, Jason, can you hear me? Jason Kupferberg I can. I can. Thank you very much, Sachin, for doing this. Sachin Mehra I'm happy to do this. Jason Kupferberg Thank you to everybody connecting here for this session. Second to last session of the day, day one of our 2024 Virtual Electronic Payme ...

Cronos Group Inc. (NASDAQ:CRON) Roth MKM 36th Annual ROTH Conference March 18, 2024 11:30 AM ET Company Participants Mike Gorenstein - Chairman, President and CEO Conference Call Participants Bill Kirk - ROTH MKM Bill Kirk All right, our clock is starting here. You guys are in track two. The sponsors, again, are Crow and Pillsbury Law. Go see them outside of the sponsor booths. For our next fireside, we have Mike Gorenstein, CEO, Chairman of Cronos Group. We're happy to have you, Mike, so thanks for being h ...

Company and Industry Overview * **Company**: Intuitive Surgical, Inc. (NASDAQ: ISRG) * **Industry**: Robotic-Assisted Surgery * **Product**: da Vinci 5, a new generation robotic surgical system Key Points da Vinci 5 Features and Benefits * **Enhanced Precision**: Incorporates next-generation surgeon controllers, patient-side manipulators, and additional sensors for smoother, more precise motion. * **Improved Imaging**: Features the highest quality and most natural 3D surgical imaging system to date, with additional capabilities for future generations of surgical endoscopes and vision software. * **Force Feedback Technology**: Provides real-time force measurement and feedback to surgeons, potentially reducing tissue trauma during surgery. * **Efficient Workflow**: Integrates a high-performance insufflator, next-generation electrosurgical unit, and optimized user interface for improved efficiency. * **Ergonomic Design**: Prioritizes ergonomics for surgeons and care teams, reducing physical strain and improving productivity. * **Increased Computing Power**: Offers 10,000x the computing power of previous generations, supporting advanced digital experiences and future features. Regulatory Clearance and Indications * FDA cleared da Vinci 5 for the same indications as da Vinci Xi, except for cardiac and pediatric indications. * Optional Force Feedback needle driver contraindicated for use in suturing in hysterectomy and myomectomy procedures. Financial Impact * Gross system ASPs for da Vinci 5 expected to be approximately 30% higher than Xi. * Total acquisition cost for da Vinci 5 approximately 15% higher than Xi when considering the full stack of integrated items. * Gross margins for da Vinci 5 expected to be significantly below the corporate average initially, with plans to improve over time. Launch Strategy * Phased launch in the U.S. starting in 2024, with a focus on customers who collaborated during development and those with mature robotic programs. * Limited launch phase expected to continue into 2025, with a focus on optimizing manufacturing and supply chains. * Broad launch expected in the first several years of the trading cycle. Competitive Positioning * da Vinci 5 will be positioned as the top product in Intuitive Surgical's portfolio, alongside da Vinci Xi, da Vinci X, and da Vinci SP. * da Vinci Xi will continue to be offered as a highly capable system for cost-sensitive markets and other sites of care. Future Outlook * da Vinci 5 expected to improve interoperative efficiency, increase procedure throughput, and potentially lower the total cost to treat per patient episode compared to Xi. * Intuitive Surgical plans to pursue additional indications for da Vinci 5 in future years. * da Vinci 5 expected to drive robotic surgery adoption and contribute to the evolution of surgical practice.

Summary of MGM Resorts International Conference Call Company Overview - **Company**: MGM Resorts International (NYSE:MGM) - **Participants**: William Hornbuckle (CEO), Jonathan Halkyard (CFO), Joseph Greff (JPMorgan) Key Industry Insights - **Core Operations**: Focus on Las Vegas as the primary market, with a robust regional business that has shown resilience during economic fluctuations [3][4] - **Digital Expansion**: Significant growth in digital operations, particularly through BetMGM, projected to reach approximately $2.5 billion in revenue this year [5] - **International Development**: Active pursuits in Japan, New York, UAE, and Thailand for future expansion [6][8] Strategic Priorities - **Mandalay Convention Business**: Anticipation of 100,000 room nights return, expected to enhance productivity [3] - **Event Activity**: Sports events, including the Super Bowl, are key drivers for market growth [3] - **Digital Growth**: Expansion of BetMGM and international operations, including successful launches in the UK and other countries [5][19] Development Opportunities - **Japan**: License won, with construction expected to begin mid-2025, aiming for a 2030 opening [6][9] - **New York**: Awaiting regulatory approvals, with hopes to start construction by early to mid-2026 [10] - **UAE**: Exploring opportunities in non-gaming hotel projects with potential for future casino developments [6][11] - **Thailand**: Early-stage exploration for market entry, focusing on regulatory frameworks [16][18] Financial Performance and Projections - **Room Night Strategy**: Partnership with Marriott expected to drive 600,000 to 700,000 additional room nights annually, enhancing profitability [34][35] - **EBITDA Contribution**: Potential for LeoVegas to contribute $0.5 billion in cash flow if market share targets are met [24] - **BetMGM Growth**: Anticipated revenue growth of approximately 25% this year, with ongoing product enhancements to regain market share [25][26] Operational Insights - **Las Vegas Market**: Improved seasonality management through strategic programming and events, including Raiders games [31] - **Macau Recovery**: Outperforming peers with a focus on high-end offerings and strategic casino reconfigurations [39][40] Capital Allocation Strategy - **Debt Management**: Currently zero net debt, with a focus on disciplined capital allocation for future growth opportunities [49][50] - **Free Cash Flow Utilization**: Plans to use free cash flow for investments in BetMGM, Japan, and New York while considering share repurchases [50] Additional Considerations - **Regulatory Environment**: Ongoing efforts to engage with local governments in UAE and Thailand for potential gaming licenses [11][12] - **Technological Advancements**: Implementation of chip-in-chip technology in Macau to enhance tracking and customer experience [44][47] This summary encapsulates the key points discussed during the conference call, highlighting MGM Resorts International's strategic focus, growth opportunities, and financial outlook.

Mastercard Incorporated (NYSE:MA) Wolfe Research FinTech Forum Company Conference Presentation March 14, 2024 2:30 PM ET Company Participants Craig Vosburg - Chief Product Officer Conference Call Participants Darrin Peller - Wolfe Research Darrin Peller We settle in. If everyone can start taking their seats. We're going to kick it off with Mastercard now. I was kidding around Craig how -- we've had him for a number of years, but I really, really love having you here with us. Craig, who is the Chief Product ...

Summary of Etsy, Inc. Conference Call Company Overview - **Company**: Etsy, Inc. (NASDAQ:ETSY) - **Participants**: - Josh Silverman - CEO - Rachel Glaser - CFO - Deb Wasser - VP, IR - **Conference Date**: March 14, 2024 Key Industry Insights - **E-commerce Landscape**: The e-commerce sector is facing increased competition from big box retailers like Amazon, Walmart, and new entrants like Temu and Shein, which have gained market share by offering lower prices and faster shipping [doc id='17'][doc id='24']. Core Company Performance Metrics - **Gross Merchandise Sales (GMS)**: - 2017: $3.3 billion - 2023: $12 billion, a 3.5x increase [doc id='5'][doc id='6']. - **Active Sellers**: - 2017: 2 million - 2023: 7 million [doc id='6']. - **Active Buyers**: - 2017: 33 million - 2023: 92 million [doc id='6']. - **Revenue Growth**: - 2017: $444 million - 2023: $2.6 billion, a fourfold increase [doc id='6']. - **EBITDA Growth**: - 2017: $80 million - 2023: $754 million, a ninefold increase [doc id='6']. Strategic Priorities - **Consumer Experience**: Focus on improving search functionality and brand awareness to enhance consumer experience [doc id='4'][doc id='9']. - **Gift Mode Initiative**: Launched to increase buyer consideration during gifting occasions, targeting a $200 billion U.S. gifting market [doc id='11'][doc id='13']. - **Shipping Improvements**: Plans to reduce shipping times by at least two days and improve shipping price predictability [doc id='15']. - **International Fulfillment**: Enhancements in international shipping to make it as easy as domestic purchases [doc id='16']. Competitive Positioning - **Unique Value Proposition**: Etsy aims to differentiate itself from competitors by emphasizing quality, artisanal products, and a unique shopping experience rather than competing on price [doc id='19'][doc id='20']. - **Market Share Dynamics**: While Temu has gained significant market share, Etsy does not perceive itself as disproportionately impacted, maintaining a distinct brand identity [doc id='24'][doc id='25']. Financial Guidance - **Q1 GMS Guidance**: Expected low single-digit to mid-single-digit declines, with a take rate of 21% to 21.5% [doc id='31'][doc id='32']. - **Full Year Guidance**: Anticipates Q1 to be the low point for GMS, with margins expected to be at least as high as 2023 levels [doc id='33']. Marketing and Advertising Strategy - **Brand Marketing**: Increased focus on brand marketing, with a 24% rise in spending last quarter [doc id='45']. - **Performance Marketing**: 80% of GMS comes from free channels, with a dynamic approach to paid advertising based on ROI [doc id='51']. Technology and Innovation - **Search Functionality**: Significant investments in AI and machine learning to enhance search capabilities and improve buyer experience [doc id='63'][doc id='64']. - **Chat-based Search Tools**: Exploring the integration of chatbots to assist buyers in finding products more effectively [doc id='67']. Conclusion - **Future Outlook**: Etsy is positioned to continue growing by leveraging its unique brand identity, enhancing consumer experience, and capitalizing on market opportunities in gifting and international fulfillment [doc id='69'][doc id='71'].

Phillips 66 (NYSE:PSX) BofA Securities Refining Conference March 14, 2024 12:45 PM ET Company Participants Rich Harbison - EVP, Refining Jeff Dietert - VP, IR Conference Call Participants Douglas Leggate - Bank of America Douglas Leggate Folks, we're going to try and get back on schedule. I'm sorry, we're running just a few minutes late. So say the best the last, I guess, right? [Indiscernible] No joking aside. Thanks very much indeed for being here guys. Jeff Dietert, Head of Investor Relations shouldn't b ...