Agilent Technologies, Inc. (NYSE:A) Jefferies 2024 Global Healthcare Conference June 5, 2024 8:30 AM ET Company Participants Robert McMahon - Senior Vice President and Chief Financial Officer Conference Call Participants Tycho Peterson - Jefferies Tycho Peterson All right, we're good to go. Good morning, everyone. I'm a Tycho Peterson from the life science team here at Jefferies. Pleased to introduce Bob McMahon from Agilent. Robert McMahon Great, thanks. Thanks, Michael. Good to see you. Great to be here ...

Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) Jefferies 2024 Global Healthcare Conference June 5, 2024 8:30 AM ET Company Participants Mark Hudson - Investor Relations Israel Lowy - SVP of Translational & Clinical Sciences, Oncology Andres Sirulnik - SVP of Translational & Clinical Sciences, Hematology Conference Call Participants Akash Tewari - Jefferies Akash Tewari All righty. Good morning, everyone. Day 1 of public companies for Jefferies Healthcare Conference here in beautiful Times Square. I'm not goi ...

Prologis, Inc. (NYSE:PLD) Nareit's REITweek: 2024 Investor Conference June 5, 2024 10:15 AM ET Company Participants Dan Letter - President Tim Arndt - Chief Financial Officer Conference Call Participants Ki Bin Kim - Truist Securities Ki Bin Kim Okay. Thank you, everyone for joining the Prologis panel session here. My name is Ki Bin Kim, Managing Director and Senior Equity Analyst at Truist. To my right is Dan Letter, President and to his right, Tim Arndt, Chief Financial Officer at Prologis. I'll kick-off ...

Visa Inc. (NYSE:V) Baird 2024 Global Consumer, Technology & Services Conference June 5, 2024 9:40 AM ET Company Participants David Koning - Robert W. Baird Conference Call Participants Lisa Ellis - Global Head of Strategy David Koning Good morning, everyone. We're live, and yes, welcome to our day here. So, thanks so much for joining. My name is David Koning. I'm a senior research analyst at Baird. I cover Payments and BPO. And very pleased to have Lisa with us, I think everybody's very familiar with Lisa. ...

American Tower Corporation (NYSE:AMT) Nareit REIT Week: 2024 Investor Conference Call June 5, 2024 8:45 AM ET Company Participants Steve Vondran - President and Chief Executive Officer Conference Call Participants Rick Prentiss - Raymond James Rick Prentiss All right. Good morning, everybody. I'm Rick Prentiss, Head of Telecom Services Research at Raymond James. That includes TMT Towers, media and telecom services. We're excited to continue the Nareit tradition of American Tower and Raymond James. This is a ...

over to Richard Putnam. Please go ahead. Thank you, Gary. Very fine job. Hello, everyone, and welcome to HealthEquity's first quarter of fiscal year 2025 pre-conference call. My name is Richard Putnam. I do investor relations for HealthEquity. Joining me today is John Kessler, President and CEO, Dr. Steve Demelman, Vice Chair and Founder of the company, and James Tania, Executive Vice President and CFO. Before I turn the call over to John, I have a couple of of reminders as we usually do. First, a press rel ...

Greetings and welcome to the GitLab First Quarter Fiscal Year 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. You may register to ask a question at any time by pressing the star and 1 on your telephone keypad. You may withdraw yourself from the queue at any time by pressing star 2. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Kelsey Turcotte, Vi ...

Crown Castle Inc. (NYSE:CCI) Nareit REIT Week: 2024 Investor Conference June 4, 2024 1:30 PM ET Company Participants Daniel Schlanger - Chief Financial Officer Conference Call Participants Simon Flannery - Morgan Stanley Simon Flannery All right. Good afternoon, everybody. I'm Simon Flannery, Telco Services and Comm Infrastructure Analyst at Morgan Stanley. And it's my great pleasure to welcome Dan Schlanger, CFO at Crown Castle. Welcome, Dan. Daniel Schlanger Thanks. Thanks for doing this. Question-and-Ans ...

Summary of Western Digital Corporation Conference Call Company Overview - **Company**: Western Digital Corporation (NASDAQ: WDC) - **Event**: Bank of America 2024 Global Technology Conference - **Date**: June 4, 2024 Key Industry Insights - **AI Impact**: AI adoption is expected to increase storage needs across various sectors including PC, mobile, and cloud, benefiting both HDD and Flash segments [4][5][6] - **Pricing Environment**: The pricing environment for both Flash and HDD is favorable, driven by supply-demand dynamics, with expectations of continued favorable conditions in the coming quarters [7][8] - **Capacity Management**: The company has optimized its manufacturing capacity during the downturn, focusing on profitability rather than capital investments [10][11][49] Financial Performance and Projections - **Gross Margins**: Target gross margins are set at 31% to 34% for HDD and 35% to 37% for Flash, with current performance indicating a recovery towards these targets [20][22] - **Cost Reduction**: The company aims for mid-teen percentage cost reductions in Flash technology transitions, while HDD cost reductions are expected to be in low double-digit percentage points [15][16] - **Cash Generation**: Western Digital has returned to generating cash and is focused on strengthening its balance sheet ahead of the planned spin-off [24] Strategic Developments - **Spin-off Plans**: The company is making significant progress towards splitting into two independent entities focused on HDD and Flash, targeting completion by the end of the year [18][19] - **Enterprise SSD Growth**: Demand for enterprise SSDs is recovering, with new products aimed at AI workloads expected to launch in the second half of the year [25][26][27] - **Technology Transition**: The transition from BiCS5 to BiCS6 and BiCS8 is underway, with BiCS8 expected to be the next major node for product launches [29][30] Market Dynamics - **Exabyte Growth**: The HDD industry is expected to see long-term exabyte growth in the range of 20% to 25%, with sequential improvements anticipated for the remainder of the calendar year [34] - **SMR Adoption**: SMR-based shipments accounted for over 50% of high-capacity drives last quarter, with positive traction from key cloud customers [43][44] Operational Efficiency - **Capacity Reduction**: The company reduced its client manufacturing footprint by 40% and fixed costs by approximately 15% compared to fiscal year 2022, enhancing operating leverage [49][50] - **Cost Management**: Operating expenses have been reduced by $100 million to $150 million per quarter, allowing for continued investment in product development [50] Conclusion - **Cyclical Recovery**: Western Digital is positioned for a cyclical recovery with a strong product portfolio and favorable market conditions, while also preparing for the upcoming spin-off to unlock shareholder value [52]

Intel Corporation (NASDAQ:INTC) BofA Global Technology Conference June 4, 2024 5:40 PM ET Company Participants John Pitzer - Corporate VP of Planning & IR Conference Call Participants Vivek Arya - Bank of America Vivek Arya Let's get started. I'm Vivek Arya from BofA's semiconductor semi-cap equipment research team. I'm really delighted to have our friend, John Pitzer, Corporate Vice President and Head of IR at Intel join us this afternoon. I'll go through a few of my questions, but if you have anything you ...