Bank of America Corporation (NYSE:BAC) Bernstein's 40th Annual Strategic Decisions Conference May 30, 2024 11:00 AM ET Company Participants Brian Moynihan - CEO Conference Call Participants John McDonald - Bernstein Stock Analyst John McDonald Okay. We're ready to get going. Thanks, everyone. We're very happy to have Bank of America back today. CEO Brian Moynihan. Brian, thanks so much for coming back. Brian Moynihan John, it's been many times. Good to see you again. Question-and-Answer Session Q - John McD ...

Visa Inc. (NYSE:V) Bernstein Strategic Decisions Conference May 30, 2024 9:00 AM ET Company Participants Ryan McInerney - CEO Conference Call Participants Harshita Rawat - Bernstein Harshita Rawat Good morning, everyone. I'm Harshita Rawat, Senior Analyst, covering payments at Bernstein. I'm delighted to be joined today by Ryan McInerney, Visa's CEO. Ryan, thank you so much for joining us today. Ryan McInerney Thanks for having me. Great to be here. Question-and-Answer Session Q - Harshita Rawat So let's ki ...

Intel Corporation (NASDAQ:INTC) Goldman Sachs Global Semiconductor Conference Call May 30, 2024 10:50 AM ET Company Participants John Pitzer - Corporate Vice President of Planning & Investor Relations Conference Call Participants Toshiya Hari - Goldman Sachs Toshiya Hari We'd like to get started. Thank you so much, everyone, for joining us. My name is Toshiya Hari, I cover the U.S. semiconductor space here at Goldman. Great to have John Pitzer from Intel here with us. He is Corporate VP, Planning and IR. Be ...

U.S. Bancorp (NYSE:USB) Bernstein's 40th Annual Strategic Decisions Conference May 30, 2024 9:00 AM ET Company Participants Andy Cecere - Chairman and Chief Executive John Stern - Senior Executive Vice President and Chief Financial Conference Call Participants John McDonald - Bernstein John McDonald Okay, good morning. Thanks everyone. We're very happy to start today off with U.S. Bancorp joining us again. From the company we have CEO Andy Cecere and CFO John Stern. Thank you both for coming. Andy Cecere Th ...

HP Inc. (NYSE:HPQ) Bernstein's 40th Annual Strategic Decisions Conference Call May 30, 2024 11:00 AM ET Company Participants Enrique Lores - President and Chief Executive Officer Conference Call Participants Toni Sacconaghi - Bernstein Research Toni Sacconaghi We are happy to have HP Inc.'s President and CEO, Enrique Lores, join us today. Just as a reminder, we do have Pigeonhole technology. So if you'd like to ask a question, you can submit it via Pigeonhole. I will pick it up on here and do my best to ask ...

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 ...

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 ...