Southwest Airlines Co. (NYSE:LUV) J.P. Morgan 2023 Industrials Conference Call March 14, 2023 9:40 AM ET Company Participants Robert Jordan - Chief Executive Officer Tammy Romo - Executive Vice President & Chief Financial Officer Conference Call Participants Jamie Baker - J.P. Morgan Mark Streeter - J.P. Morgan Jamie Baker All right. I'm always quick with the introductions, but we're very pleased to have overweight-rated Southwest Airlines back in the auditorium today. We'll have a presentation from the com ...

Digital Turbine, Inc. (NASDAQ:APPS) 35th Annual Roth Conference March 14, 2023 3:00 PM ET Company Participants Bill Stone - CEO Conference Call Participants Darren Aftahi - Roth MKM Darren Aftahi Great. Welcome, Darren Aftahi, the Internet and Media Analyst here at Roth MKM. Bill Stone, CEO of Digital Turbine. Good to see you again, Bill. Bill Stone Yes. Good to see you. Question-and-Answer Session Q - Darren Aftahi So I think you just returned from Mobile World Congress, just kind of how was the conference ...

Johnson & Johnson (NYSE:JNJ) Barclays Global Healthcare Conference March 14, 2023 10:15 AM ET Company Participants Aldo Denti - Company Group Chairman, DePuy Synthes The Orthopedic Company Peter Menziuso - Company Group Chairman, Johnson & Johnson Vision Conference Call Participants Matt Miksic - Barclays Operator Matt Miksic So good morning, everybody. My name is Matt Miksic, I am the Medical Device Analyst here in US for Barclays. I am very pleased to have with us today J&J, from J&J, Aldo Denti, Company ...

American Airlines Group Inc. (NASDAQ:AAL) J.P. Morgan 2023 Industrials Conference Call March 14, 2023 10:30 AM ET Company Participants Rob Isom - Chief Executive Officer Meghan Montana - Treasurer Devon May - Chief Financial Officer Conference Call Participants Jamie Baker - JPMorgan Jamie Baker Alright, folks. The third and last of the global premium airlines presenting here this morning. Thanks for everybody reconvening and helping us keep it on schedule. It looks like you have a presentation with you. No ...

Morgan Stanley (NYSE:MS) Annual Morgan Stanley European Financials Conference March 14, 2023 6:00 AM ET Company Participants Ted Pick - Co-President, European Financials Conference Call Participants Magdalena Stoklosa - Morgan Stanley Magdalena Stoklosa All right. But thank you very much, everybody, for being here. I'm absolutely delighted to welcome Ted Pick, Morgan Stanley's Co-President to the European Financials Conference, and of course, to our fireside chat. Ted, thank you very much for being with us ...

Summary of Dow Inc. Conference Call Company Overview - **Company**: Dow Inc. (NYSE:DOW) - **Event**: JPMorgan 2023 Industrials Conference - **Date**: March 14, 2023 - **Participants**: - Jim Fitterling - Chairman and CEO - Pankaj Gupta - IR, VP - Jeff Zekauskas - Analyst for chemicals at JPMorgan Key Points Industry and Market Trends - **Decarbonization Strategy**: Dow is advancing its decarbonizing growth strategy, aiming to grow underlying EBITDA by **$3 billion** while reducing Scope 1 and 2 CO2 emissions by **30% by 2030** compared to 2005 levels [5][4] - **Market Dynamics**: The macroeconomic backdrop is mixed, with resilient consumer spending in the U.S. but declining durable goods orders. In Europe, manufacturing PMI is at **48.5**, indicating contraction, while China's manufacturing PMI has improved to **51.6**, signaling expansion [8][9][11] - **Demand Variability**: Demand remains strong in agricultural, pharma, and energy sectors, but is under pressure in consumer durables and construction markets [11] Financial Performance and Projections - **EBITDA Variability**: Historical EBITDA has shown significant variability, with projections of **$12 billion**, **$9 billion**, and **$6 billion** in different years [14] - **Cost Management**: Dow is implementing **$1 billion** in cost savings actions to maintain a low-cost operating model and maximize cash flow [12] - **Capital Allocation**: The company plans to return **65%** of operating net income to shareholders across economic cycles [7] Growth Initiatives - **Joint Development Agreement**: Dow has partnered with X-energy to install the first grid-scale advanced nuclear reactor for an industrial site in North America, which will provide low-carbon power [5] - **Alberta Project**: The Alberta path to zero project aims to decarbonize **20%** of Dow's global ethylene capacity and triple polymer capacity at the Alberta site [6][7] - **Investment Focus**: Dow is prioritizing organic growth investments and is cautious about M&A opportunities, focusing on compelling value propositions [24][25] Shareholder Value and Dividends - **Dividend Strategy**: The dividend has remained flat as the company focused on strengthening its balance sheet. The board aims to grow the dividend in the long term as investments yield returns [28][29] - **Share Buybacks**: Dow has been active in share buybacks to reduce share count and enhance shareholder value [20] Long-term Outlook - **Natural Gas Advantage**: Dow benefits from low energy costs in the U.S., which is critical for maintaining competitiveness in manufacturing [42][44] - **China's Market Dynamics**: The company anticipates changes in China's growth strategy, focusing more on value rather than just domestic supply [55][56] Risks and Challenges - **Inflation and Economic Pressures**: Ongoing inflation and potential recessionary pressures could impact demand and pricing [8][12] - **Regulatory Environment**: M&A opportunities are viewed cautiously due to regulatory challenges and market conditions [25][33] Conclusion - Dow Inc. is strategically positioned to leverage its decarbonization initiatives and strong balance sheet to navigate current market challenges while focusing on long-term growth and shareholder value creation [13][18]

Honeywell International, Inc. (NASDAQ:HON) JPMorgan Industrials Conference Call March 14, 2023 8:00 AM ET Company Participants Darius Adamczyk - Chairman & CEO Vimal Kapur - COO & President Conference Call Participants Charles Tusa - JPMorgan Chase & Co. Charles Tusa One of the JPMorgan 2023 Industrials Conference. My name is Steve Tusa. I'm the electrical equipment and multi-industry analyst here. Hopefully, you guys have a ton of good meetings, and we certainly have some good content. I think 14, 15 compa ...

Teva Pharmaceutical Industries Limited (NYSE:TEVA) Barclays Global Healthcare Conference March 14, 2023 10:15 AM ET Company Participants Eli Kalif - EVP and CFO Conference Call Participants Balaji Prasad - Barclays Balaji Prasad Good morning, everyone. My name is Balaji Prasad, I'm the Senior Analyst for the Barclays Specialty Pharmaceuticals coverage. For the next session of the day at the Barclays Annual Healthcare Conference. I have the pleasure of hosting Teva, and Eli Kalif, the Chief Financial Officer ...

Delta Air Lines, Inc. (NYSE:DAL) J.P. Morgan 2023 Industrials Conference March 14, 2023 8:00 AM ET Company Participants Julie Stewart - Vice President, Investor Relations Ed Bastian - Chief Executive Officer Dan Janki - Executive Vice President and Chief Financial Officer Glen Hauenstein - President Conference Call Participants Jamie Baker - J.P. Morgan Mark Streeter - J.P. Morgan Jamie Baker Okay. Good morning, everybody. My name is Jamie Baker. I work at J.P. Morgan. I cover the US airlines and aircraft l ...

Inovio Pharmaceuticals, Inc. (NASDAQ:INO) Oppenheimer 33rd Annual Healthcare Conference Call March 13, 2023 10:40 AM ET Company Participants Jacqueline Shea - President and Chief Executive Officer Conference Call Participants Hartaj Singh - Oppenheimer Hartaj Singh Great, thank you. Thanks always to the operators for making this so easy. Hey, everybody. I apologize for the little delay here. I just had a lack of a better term a brain fart. And we have Jacqueline Shea here with us with Inovio, representing t ...