Carrier Global Corporation (NYSE:CARR) Wolfe Research 16th Annual Global Transportation & Industrials Conference May 23, 2023 12:30 PM ET Company Participants Nigel Coe - Managing Director, Wolfe Research, LLC Conference Call Participants Patrick Goris - SVP & CFO Nigel Coe …and welcome to the post-lunch period here at the Wolfe Conference. Very pleased to welcome back and start again with Carrier. CFO, Patrick Goris on stage with me. Thanks Patrick for being here and so is Sam Pearlstein, Hear of IR. So I ...

Comcast Corporation (NASDAQ:CMCSA) 51st Annual J.P. Morgan Global Technology, Media and Communications Conference Call May 23, 2023 10:50 AM ET Company Participants David Watson - President & Chief Executive Officer, Comcast Cable Conference Call Participants Philip Cusick - J.P. Morgan Philip Cusick Hi, thanks for joining us. Welcome to the 51st Annual J.P. Morgan TMC Conference. I'm Phil Cusick. I follow the communications and media space here. I am joined by Dave Watson, President and CEO of Comcast Cabl ...

Corning Incorporated (NYSE:GLW) Edward A. Schlesinger presents at J.P. Morgan 51st Annual Global Technology, Media and Communications Conference May 23, 2023 9:30 AM ET Company Participants Edward A. Schlesinger - Executive Vice President and Chief Financial Officer Conference Call Participants Samik Chatterjee - J.P. Morgan Hi, good morning, everyone. Thank you. Welcome to day two, and I'm Samik Chatterjee, I cover hardware companies at J.P. Morgan, for us kicking it off on day two here is, Corning. I have ...

International Business Machines Corp (NYSE:IBM) 51st Annual JPMorgan Global Technology, Media and Communications Conference Call May 23, 2023 11:30 AM ET Company Participants John Granger - SVP, IBM Consulting Conference Call Participants Brian Essex - JPMorgan Chase & Co. Brian Essex All right, there we go. Okay. Good morning, everyone. Thank you for joining us. My name is Brian Essex. I'm a software analyst at JPMorgan. And with me today, I have John Granger, Senior Vice President of IBM Consulting. So he ...

Visa Inc. (NYSE:V) 51st Annual JPMorgan Global Technology, Media, and Communications Conference Transcript May 23, 2023 10:10 AM ET Executives Jack Forestell - Chief Product and Strategy Officer Analysts Tien-Tsin Huang - JPMorgan Tien-Tsin Huang All right. Thanks. Thanks, everyone, for filling in here. Always a pleasure to have Visa with us. Jack Forestell has had the pleasure to come in. He’s the Chief Product and Strategy Officer. We are going to do a fireside chat and go through some of the topics that ...

Fortinet, Inc. (NASDAQ:FTNT) 51st Annual JPMorgan Global Technology, Media and Communications Conference Call May 23, 2023 10:10 AM ET Company Participants Keith Jensen - CFO & CAO Ken Xie - Founder, Chairman & CEO Conference Call Participants Brian Essex - JPMorgan Chase & Co. Brian Essex All right. Good morning, everyone. Thank you for joining us today. My name is Brian Essex, I'm JPMorgan cybersecurity analyst. And with me today, I have Ken Xie, he's Fortinet's Chairman, CEO and Co-Founder; and to his ri ...

Summary of Verizon Communications Inc. Conference Call Company Overview - **Company**: Verizon Communications Inc. (NYSE: VZ) - **Event**: 51st Annual JPMorgan Global Technology, Media and Communications Conference Call - **Date**: May 23, 2023 - **Participants**: Hans Vestberg (Chairman and CEO), Phil Cusick (JPMorgan) Key Points Industry and Technology - **5G Development**: Verizon is in the second phase of 5G technology, focusing on innovation and advanced applications, with predictions of significant advancements in the next five years [3][4] - **5G Applications**: Key applications include fixed wireless access, private networks, and enterprise solutions, leveraging low latency and high throughput capabilities of 5G [4][8][12] - **Consumer Adoption**: The company has seen substantial growth in fixed wireless access, adding approximately 400,000 new subscribers in the first quarter [8][20] Business Strategy - **Network Infrastructure**: Verizon has built a robust fiber network to support its wireless services, with over 50% of radios connected to its own fiber [22][24] - **Service Revenue Growth**: The company aims to grow service revenue through a new flexible pricing plan called "myPlan," which allows customers to customize their service options [29][30] - **Market Segmentation**: Verizon is focusing on both high-end and low-end market segments, with recent strategies aimed at improving performance in the lower segment [38][41] Financial Performance - **Capital Expenditure**: Verizon's capital spending is projected to decrease from nearly $24 billion in 2022 to a range of $18.25 billion to $19.25 billion in 2023, with expectations of stabilization around $17 billion in the future [63][64] - **EBITDA Goals**: The company has a long-term goal of achieving a 25% EBITDA margin, supported by cost-cutting measures and growth in wireless and fiber services [62][68] Market Position and Competition - **Wireless Market Resilience**: Despite perceptions of maturity in the wireless market, Verizon believes there are significant growth opportunities driven by innovation and the increasing necessity of wireless services in society [16][19][72] - **Churn Management**: The company has seen a decrease in churn rates, attributed to the introduction of the myPlan and the bundling of services [46][47] Future Outlook - **Growth Potential**: Verizon is optimistic about the future of wireless services, citing the importance of mobility, broadband, and cloud services as essential infrastructure for society [16][72] - **Business and Consumer Segments**: The company expects continued growth in both business and consumer segments, with a focus on leveraging its strong network and customer relationships [57][72] Additional Insights - **Consumer Sentiment**: Research indicates that consumers value control, simplicity, and value in their service plans, which has influenced Verizon's new pricing strategy [29][30] - **Competitive Landscape**: The company acknowledges the competitive nature of the industry but remains confident in its ability to maintain a leading position through innovation and customer-centric strategies [72]

Honeywell International Inc. (NASDAQ:HON) Company Conference Call May 23, 2023 8:00 AM ET Company Participants Greg Lewis - Senior Vice President, Chief Financial Officer Conference Call Participants Moderator - Wolfe Research Moderator Okay, so with me I’ve got Greg Lewis, SVP and CFO of Honeywell. Thanks for being here. Greg Lewis Thank you. Moderator Greg, I know you’ve got some opening slides, so over to you. Greg Lewis Yes, just really quickly--oh, thank you very much, appreciate that. While that’ ...

Luminar Technologies, Inc. (NASDAQ:LAZR) 51st Annual J.P. Morgan Global Technology, Media and Communications Conference Call May 22, 2023 3:50 PM ET Company Participants Tom Fennimore - Chief Financial Officer Conference Call Participants Samik Chatterjee - JPMorgan Chase & Co. Samik Chatterjee Good afternoon. I'm Samik Chatterjee, I cover the hardware companies at JPMorgan, and we have the pleasure of hosting Luminar here for the next session. With us is Tom Fennimore, who is the CFO of the company. Tom, t ...

AT&T Inc. (NYSE:T) J.P. Morgan 51st Annual Global Technology, Media and Communications Conference Transcript May 22, 2023 5:10 PM ET Executives John Stankey - Chairman and CEO Analysts Philip Cusick - J.P. Morgan Philip Cusick All right. Thanks for joining us. Welcome to the 51st Annual J.P. Morgan TMC Conference. I am Philip Cusick. I follow the communications and media space here at J.P. Morgan. I want to welcome John Stankey, Chairman and CEO of AT&T. John Stankey It’s good to be here. Philip Cusick John ...