Rocket Companies, Inc. (NYSE:RKT) Q3 2024 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Sharon Ng - Head, IR Varun Krishna - CEO Brian Brown - CFO Conference Call Participants Jeff Adelson - Morgan Stanley Ryan Nash - Goldman Sachs Mark DeVries - Deutsche Bank Derek Sommers - Jefferies Doug Harter - UBS Operator Thank you for standing by, and welcome to the Rocket Companies Third Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background ...

Raidant Logistics, Inc. (NYSE:RLGT) Q1 2025 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Bohn Crain - Founder and CEO Todd Macomber - CFO Conference Call Participants Jason Seidl - TD Cowen Jeff Kauffman - Vertical Research Partners Mark Argento - Lake Street Capital Kevin Gainey - Thompson Davis Operator Good afternoon, Bohn Crain, Radiant Logistics' Founder and CEO and Radiant's Chief Financial Officer, Todd Macomber will provide a general business update and discuss financia ...

Quantum-Si incorporated (NASDAQ:QSI) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Doug Farrell - VP, IR Jeffrey Hawkins - President & CEO Jeffry Keyes - CFO Conference Call Participants Kyle Mikson - Canaccord Genuity Operator Good day, and thank you for standing by. Welcome to the 2024 Third Quarter Quantum-Si Earnings Call. At this time, all participants are in listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator I ...

ePlus inc. (NASDAQ:PLUS) Q2 2025 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Kleyton Parkhurst - Senior Vice President Mark Marron - President & Chief Executive Officer Elaine Marion - Chief Financial Officer Conference Call Participants Greg Burns - Sidoti & Company Victor Santiago - Stifel Operator Good day, ladies and gentlemen. Welcome to the ePlus Earnings Results Conference Call. As a reminder, this conference call is being recorded. I would like to introduce your host f ...

RumbleOn, Inc. (NASDAQ:RMBL) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Elliot Wagner - VP, Finance Michael Kennedy - CEO Tiffany Kice - CFO Conference Call Participants Craig Kennison - Baird Eric Wold - B. Riley Securities Mike Baker - D.A. Davidson Operator Good day and welcome to the RumbleOn, Inc. Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded. I would no ...

VerifyMe, Inc. (NASDAQ:VRME) Q3 2024 Earnings Conference Call November 12, 2024 11:00 AM ET Company Participants Nancy Meyers - CFO Adam Stedham - CEO Conference Call Participants Michael Petusky - Barrington Research Jack Vander Aarde - Maxim Group Operator Hello, and welcome to the VerifyMe Third Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructi ...

IHS Holding Limited (NYSE:IHS) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Robert Berg - Head, Investor Relations Sam Darwish - Chairman and CEO Steve Howden - Chief Financial Officer Conference Call Participants Richard Choe - JP Morgan Jim Schneider - Goldman Sachs Michael Rollins - Citigroup Maurice Patrick - Barclays Operator Good day. And welcome to the IHS Holding Limited Third Quarter 2024 Earnings Results Call for the three-month period ended September 30, 2024 ...

Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q3 2024 Earnings Conference Call November 12, 2024 12:00 PM ET Company Participants Dan McMahon - Head, Investor Relations Jason Breaux - Chief Executive Officer Henry Chung - President Gerhard Lombard - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Paul Johnson - KBW Operator Good day, everyone. And welcome to the Third Quarter 2024 Crescent Capital BDC, Inc. Earnings Conference Call. At this time, all participants are in a listen- ...

Northwest Natural Holding Company (NYSE:NWN) Q3 2024 Earnings Conference Call November 12, 2024 11:00 AM ET Company Participants Nikki Sparley - Director of IR David Anderson - CEO Brody Wilson - CFO, VP, Treasurer and Chief Accounting Officer Justin Palfreyman - President Raymond Kaszuba - SVP & CFO Conference Call Participants Christopher Ellinghaus - Siebert Williams Shank Selman Akyol - Stifel Operator Good morning, and thank you all for attending the NW Natural Holding Company Third Quarter 2024 Earnin ...

Financial Data and Key Metrics - Net sales increased 5.9% to a record $208.2 million in Q2 FY2025, up from $196.6 million in the prior year [26][27] - Gross profit reached a record $41.3 million in Q2 FY2025, compared to $41.1 million a year earlier [26][27] - Gross margin for Q2 FY2025 was 19.8%, down from 20.9% in the prior year, impacted by non-cash expenses and one-time transition costs [29] - The company generated $22.9 million in cash from operating activities and reduced net bank debt by $22 million during the quarter [26][42] - Net loss for Q2 FY2025 was $3 million, or $0.15 per share, impacted by $8 million in non-cash expenses and $1.1 million in one-time cash expenses [35] Business Line Performance - Brake-related products have grown to become the company's second-largest category, contributing to operational efficiencies and margin improvement [8][9] - The diagnostic business is expected to sell over $100 million of equipment within the next three years, with additional service revenue opportunities as more testers are deployed [16] - Heavy-duty business continues to leverage its reputation in supplying alternators and starters, with growth opportunities in agriculture, trucks, refrigeration, and construction [17][18] - The company introduced 505 new part numbers, covering 302 million vehicles on the road, maintaining its leadership position in the categories it supplies [15] Market Performance - Sales in Mexico are growing, with increased demand for aftermarket parts, and the company is focused on increasing its market share in the region [20] - The company benefits from relationships with U.S.-based retailers and warehouse distributors expanding into the Mexican market, as well as independent Mexican distributors [20] - The U.S. car park is 98.8% comprised of hybrid and internal combustion engine vehicles, with the average vehicle age now at 12.8 years, supporting long-term demand for non-discretionary aftermarket parts [23] Strategic Direction and Industry Competition - The company is focused on sales growth, profitability, and neutralizing working capital, leveraging its global footprint and operational efficiencies [19][41] - Strategic cost reductions, including the relocation of certain operations, are expected to generate annual savings of $7.1 million, with 90% of savings reducing the cost of goods sold [12] - The company is actively exploring additional initiatives to reduce costs of goods sold and improve gross margins [13] - The company is accelerating new part number introductions, targeting at least 800 per year, to maintain its leadership position and meet consumer needs [15] Management Commentary on Operating Environment and Future Outlook - Management remains optimistic about achieving full-year targets, with strong demand for non-discretionary products and operational efficiencies driving growth [6][19] - The company expects tailwinds from lower interest rates, which will positively impact profitability moving forward [11] - Management highlighted the impact of non-cash foreign exchange losses due to a strengthening dollar versus the peso, but is working to minimize these expenses [9][10] - The company is focused on capital allocation to maximize shareholder value and expects continued growth in sales and profitability [14][22] Other Important Information - The company reported a $10.6 million impact from non-cash items in Q2 FY2025, including foreign exchange losses and core accounting adjustments [26][30] - Interest expense decreased by $1.2 million to $14.2 million in Q2 FY2025, primarily due to lower average outstanding balances under the credit facility and lower interest rates [33] - The company expects to benefit from future tax rate reductions as losses in specific jurisdictions are utilized against future profits [34] Q&A Session Summary Question: Explanation of increased operating income guidance - The increase in operating income guidance from $62-67 million to $79-84 million is due to the inclusion of $17 million in non-cash items, which were previously excluded [44] Question: Momentum in ordering activity - The company is seeing strong demand across its product lines, particularly in brake calipers, despite a soft market [45][46] - The top five customers are driving significant growth, with different categories performing well across these customers [49] Question: Details on $1.3 million transition costs - The transition costs were related to relocating operations from Torrance, including wheel hub production and rotating electrical activities, with expected margin accretion [50][51] Question: $2.7 million one-time expenses for onboarding new business - The expenses were related to onboarding new rotating electrical business with an existing customer, set to begin shipping in January [54] Question: Price increases - The company expects one price increase in January, with the impact already reflected in guidance [56][57] Question: Update on professional installer business - The professional installer business is growing, with additional team members added to support this segment [59]