Phoenix New Media Limited (NYSE:FENG) Q3 2024 Results Conference Call November 13, 2024 10:30 AM ET Company Participants Muzi Guo - Investor Relations Edward Lu - Chief Financial Officer Conference Call Participants Alice Tang - First Shanghai Operator Thank you for standing by. Welcome to Phoenix New Media Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please b ...

Lucid Diagnostics Inc. (NASDAQ:LUCD) Q3 2024 Earnings Conference Call November 13, 2024 8:30 AM ET Company Participants Matt Riley - Director-Investor Relations Lishan Aklog - Chairman & Chief Executive Officer Dennis McGrath - Chief Financial Officer Conference Call Participants Kyle Mikson - Canaccord Mark Massaro - BTIG Anthony Vendetti - Maxim Group Mike Matson - Needham Ed Woo - Ascendiant Capital Operator Good morning, and welcome to the Lucid Diagnostics Third Quarter 2024 Business Update Conference ...

Hudbay Minerals Inc. (NYSE:HBM) Q3 2024 Results Conference Call November 13, 2024 11:00 AM ET Company Participants Candace Brule - Vice President Investor Relations Peter Kukielski - President & Chief Executive Officer Eugene Lei - Chief Financial Officer Andre Lauzon - Chief Operating Officer Conference Call Participants Orest Wowkodaw - Scotiabank Ralph Profiti - Eight Capital John Tumazos - John Tumazos Very Independent Research Dalton Baretto - Canaccord Genuity Craig Hutchison - TD Cowen Pierre Vaillan ...

Arcos Dorados Holdings Inc. (NYSE:ARCO) Q3 2024 Earnings Call Transcript November 13, 2024 10:00 AM ET Company Participants Dan Schleiniger - Vice President of Investor Relations Marcelo Rabach - Chief Executive Officer and Director Luis Raganato - Chief Operating Officer Mariano Tannenbaum - Chief Financial Officer Conference Call Participants Dan Schleiniger Good morning, everyone, and thank you for joining our Third Quarter 2024 Earnings Webcast. With us today are Marcelo Rabach, our Chief Executive Offi ...

Griffon Corporation (NYSE:GFF) Q4 2024 Earnings Conference Call November 13, 2024 8:30 AM ET Company Participants Brian Harris - Chief Financial Officer Ron Kramer - Chairman & Chief Executive Officer Conference Call Participants Lee Jagoda - CJS Securities Sam Darkatsh - Raymond James Trey Grooms - Stephens Julio Romero - Sidoti & Company Operator Ladies and gentlemen, good morning and welcome to the Griffon Corporation Annual and Fiscal Fourth Quarter Financial Results Conference Call. At this time, all p ...

Bitfarms Ltd. (NASDAQ:BITF) Q3 2024 Earnings Conference Call November 13, 2024 8:00 AM ET Company Participants Tracy Krumme - Senior Vice President-Investor Relations & Corporate Communications Ben Gagnon - Chief Executive Officer & Director Jeff Lucas - Chief Financial Officer Conference Call Participants Mike Colonnese - H.C. Wainwright & Company Mike Grondahl - Northland Joe Flynn - Compass Point Research & Trading Brian Dobson - Clear Street Fedor Shabalin - B. Riley Martin Toner - ATB Capital Markets O ...

Financial Data and Key Metrics - Revenue for the first nine months of 2024 grew 56% to $285 million compared to the same period in 2023 [7] - Adjusted EBITDA for the first nine months of 2024 grew 50% to $214 million [7] - Net income for the first nine months of 2024 dropped to $58 million, but excluding one-off items, it grew by 17% to $56 million [7] - Cash flow from operations for the first nine months of 2024 rose by 25% to $158 million [7] - Q3 2024 revenue increased 88% to $109 million, driven by strong operational performance and new project additions [8] - Q3 2024 adjusted EBITDA grew 86% to $88 million [8] - Q3 2024 net income was $24 million, but excluding one-off items, it grew by 114% to $26 million [8] - Q3 2024 cash flow from operations rose 115% to $66 million [8] - The company raised its 2024 revenue guidance to $355 million-$370 million and adjusted EBITDA guidance to $255 million-$270 million, representing a $10 million increase at the midpoint for both metrics [42] Business Line Data and Key Metrics - The company added 500 megawatts of new generation capacity and 1.5 gigawatt-hours of energy storage capacity to its operational portfolio over the past nine months [10] - The Atrisco solar and energy storage project in New Mexico, along with other projects in Europe and MENA, are expected to contribute $105 million in revenue and $80 million in EBITDA in 2025 [11] - Construction has begun on 810 megawatts of generation and over 2 gigawatt-hours of storage at three additional US projects, expected to contribute $137 million in revenue and $110 million in EBITDA annually when fully operational [11] - The Snowflake A project, with 600 megawatts of solar and 1.9 gigawatt-hours of energy storage, is expected to begin construction in mid-2025 [14] - European projects saw a 24% increase in revenue this quarter, driven by strong market conditions and high electricity prices in Spain [16] - MENA region revenue grew 223% this quarter, fueled by the expansion of Solar & Storage Clusters and the Genesis Wind farm [17] Market Data and Key Metrics - The US market is experiencing soaring electricity demand, driven by data centers, AI, and electric vehicles, with data centers expected to consume 12% of the country's electricity output by 2030 [12] - PPA prices in the US remain high, reflecting strong returns for the company's projects [13] - In Europe, Spanish electricity prices reached their highest points this year, with 65% of Gecama's 2024 generation hedged at €100 per megawatt-hour [16] - In MENA, the company achieved COD at three new solar and storage projects, completing a 12-site Solar & Storage Cluster with a total capacity of 248 megawatts and 625 megawatt-hours [17] Company Strategy and Industry Competition - The company is focused on expanding its global generation and energy storage capacity, aiming to triple its capacity by 2027, reaching 6 gigawatts of generation and 7.6 gigawatt-hours of energy storage [12] - The company is leveraging strong offtake demand, low equipment costs, and declining interest rates to drive high returns on its projects [15] - The company is converting its large development portfolio into mature-phase projects, driving higher revenues and profits [19] - The company is securing growth beyond 2027, with projects like Snowflake A and a robust development pipeline [14][72] Management Commentary on Operating Environment and Future Outlook - Management highlighted the strong demand for electricity in the US, driven by data centers, AI, and electric vehicles, as a key driver of growth [12] - The company expects regulatory changes to impact electricity prices more than project deployment or returns [13] - Management expressed confidence in the company's ability to navigate potential changes in US tax incentives, citing strong project fundamentals and demand [44][45] - The company is optimistic about its ability to secure financing for projects like Snowflake, given the strong fundamentals and attractive returns [63] Other Important Information - The company raised $133 million in gross proceeds from debt issuance in Israel, with an effective yield of 6.3% and a duration of 3.7 years [40] - The company has $320 million in undrawn revolving credit facilities [41] - The company received $10 million in compensation from Siemens for inadequate turbine performance at the Björnberget project in Sweden [39] Q&A Session Summary Question: Impact of potential changes to US tax incentives (IRA) on project development [43] - The company believes that strong electricity demand and high-quality projects will continue to drive growth, even if tax incentives change [44][45] - The company has been safe-harboring projects to ensure they qualify for ITC/PTC, with a focus on long-term project fundamentals [48][49] Question: Delays in the CO Bar project and progress on Snowflake [50] - The CO Bar project is delayed due to complexities in the interconnection process, but the company is confident in the new timeline [54][55] - Snowflake is ahead of schedule and not affected by the same interconnection issues, with all necessary permits and agreements in place [57] Question: Flexibility in PPA terms if interest rates rise or tax incentives are removed [60] - The company has a track record of amending PPAs to adjust for external factors like tariffs or regulations, and utilities have been cooperative in the past [60] Question: Equity needs and financing for Snowflake [61] - The company expects to finance Snowflake with minimal equity, leveraging its strong project fundamentals and attractive returns [62][63] Question: US growth contribution to overall EBITDA by 2027 [66] - The US is expected to contribute around 15% of total EBITDA in 2025, with increasing dominance in the following years due to the size and capacity of US projects [66] Question: Development portfolio beyond 2027 and opportunities in PJM [71][74] - The company has a deep development portfolio with 30 gigawatts of projects across various phases, ensuring long-term growth [72] - PJM remains a focus area, but the company is currently prioritizing development over capital recycling [75]

Kolibri Global Energy, Inc. (NASDAQ:KGEI) Q3 2024 Earnings Conference Call November 13, 2024 12:00 PM ET Company Participants Wolf Regener - President, CEO & Director Gary Johnson - CFO & VP Conference Call Participants John White - ROTH Capital Operator Good day, and welcome to the Kolibri Global Energy's Third Quarter 2024 Earnings Conference Call. [Operator Instructions]. I advise participants that this conference is being recorded today, November 13, 2024. This call will be available on the company's we ...

Smart Sand, Inc. (NASDAQ:SND) Q3 2024 Earnings Conference Call November 13, 2024 10:00 AM ET Company Participants Chris Green – Vice President-Accounting and Principal Accounting Officer Chuck Young – Founder and Chief Executive Officer Lee Beckelman – Chief Financial Officer John Young – Chief Operating Officer Conference Call Participants Alec Scheibelhoffer – Stifel Josh Jayne – Daniel Energy Partners Operator Good morning, ladies and gentlemen and welcome to the Smart Sand Q3 2024 Earnings Call. At this ...

Financial Data and Key Metrics - Total revenue for Q3 2024 was RMB 167 billion, up 8% YoY and 4% QoQ [8] - Gross profit was RMB 89 billion, up 16% YoY and 3% QoQ [8] - Non-IFRS operating profit was RMB 61 billion, up 19% YoY and 5% QoQ [8] - Diluted EPS was RMB 6.34, up 36% YoY [40] - Free cash flow was RMB 58.5 billion, up 14% YoY [45] Business Line Data and Key Metrics - Value-Added Services (VAS) revenue was RMB 83 billion, up 9% YoY, with social networks contributing RMB 31 billion, up 4% YoY [14] - Domestic games revenue grew 14% YoY to RMB 37 billion, driven by titles like Honour of Kings and Peacekeeper Elite [15] - International games revenue increased 9% YoY to RMB 15 billion, with PUBG Mobile and Brawl Stars performing well [16] - Marketing Services revenue grew 17% YoY, with video accounts marketing services revenue increasing over 60% YoY [29][31] - FinTech and Business Services revenue was RMB 53 billion, up 2% YoY [33] Market Data and Key Metrics - Combined MAU of WeChat and QQ grew to 1.38 billion, with QQ mobile MAU resuming YoY growth to 562 million [9] - Mini Programs facilitated over RMB 2 trillion in GMV in Q3 2024, driven by use cases like food ordering and medical services [17] - International cloud revenue increased significantly YoY, leveraging competitive pricing and domain expertise in gaming and live streaming [36] Company Strategy and Industry Competition - The company upgraded its e-commerce strategy around Mini Shops to create a unified transaction experience within the Weixin ecosystem [7] - AI deployment across products and operations, including marketing services and cloud, is yielding tangible benefits [7] - The company continues to invest in AI technology, tools, and solutions to assist users and partners [7] - The strategy for games focuses on leveraging both in-house studios and external partnerships to create evergreen titles [53][54] Management Commentary on Operating Environment and Future Outlook - Management highlighted the robust performance of evergreen games and the potential of new titles like DnF Mobile and Delta Force [6][10] - The company is optimistic about the long-term potential of its e-commerce ecosystem, particularly with the upgrade to Mini Shops [59][60] - Management is constructive on the outlook for international games revenue growth, given the deferred revenue backlog and potential from new releases [70] Other Important Information - The company introduced Tencent Hunyuan Turbo, which doubles training and inference efficiency and halves inference costs compared to its predecessor [35] - GPU-powered services now represent a teens percentage of the company's infrastructure as a service revenue [34] - The company made its Hunyuan large model and 3D generation models available on an open-source basis [36] Q&A Session Summary Question: Implications of major hit games on the industry and Tencent's game strategy - The success of games like Black Myth Wukong and Whiteout Survival reflects a structural trend facilitated by China's large home market and engineering workforce [50][51] - Tencent's strategy focuses on leveraging both in-house studios and external partnerships to create evergreen titles [53][54] Question: Upgrade to Weixin Mini Shops and its potential - The upgrade aims to create a unified and trustworthy e-commerce platform within Weixin, improving the shopping experience for consumers and providing better transaction support for merchants [56][57] - The potential is significant, with Mini Programs already facilitating RMB 2 trillion in GMV, primarily in services [60] Question: Weixin Search and international games deferred revenue - Weixin Search saw commercial queries increase and click-through rates improve, with search revenue more than doubling YoY [32][66] - The elongation of deferred revenue periods for international games is primarily for flagship titles, with deferral periods typically six to nine months or longer [70] Question: Macroeconomic environment and positioning - Management is encouraged by recent pro-growth policies in China and is constructive on the long-term economic outlook [73][74] - The company focuses on compliance, product improvement, and cost efficiency to navigate the evolving regulatory and macroeconomic environment [75][76] Question: Near-term focus for Weixin e-commerce and collaboration with Taobao - The near-term focus is on improving the infrastructure and functionalities of Mini Shops, with growth expected to follow [83][84] - The collaboration with Taobao has seen good adoption of Weixin Pay, benefiting both companies [85] Question: Delta Force monetization and payment revenue decline - Delta Force is monetizing well, with the majority of revenue generated on PC, despite the majority of users being on mobile [90][91] - The decline in payment revenue is due to the elimination of lower-quality transactions and a focus on smaller ticket everyday items [92][93] Question: Earnings growth outlook and share buyback - The company does not have a specific target for earnings growth but aims to achieve operating leverage from revenue growth [95][96] - Share buybacks for 2024 are expected to exceed the RMB 100 billion target, with plans for 2025 to be shared at the year-end earnings announcement [97][98] Question: AI-related revenue and Hunyuan monetization - AI is driving significant benefits in content recommendation and ad targeting, with GPU-powered services contributing to infrastructure as a service revenue [101][102] - The company is testing Hunyuan across various products and services, with more use cases expected to scale in the coming quarters [105][106] Question: Game preferences and FinTech strategy - Younger users in China disproportionately favor first-person action games, with titles like VALORANT and Delta Force performing well [109][110] - The company is focusing on wealth management, particularly money market funds, and is cautious on lending due to macroeconomic conditions [114][116] Question: Game business adjustments and advertising outlook - Adjustments to game teams, such as Honour of Kings and Peacekeeper Elite, have been productive, with both games registering good growth [120][121] - The advertising business is expected to continue outperforming peers, driven by ad tech enhancements and increased ad load in video accounts [129][131] Question: Collaboration with Taobao and future partnerships - The collaboration with Taobao benefits users, Tencent, and Taobao, with significant work done to ensure a good user experience and compliance [134][135] - The company is open to future collaborations that make sense and are safe for users and content partners [138]