Amer Sports (NYSE:AS) 2025 Investor Day September 18, 2025 12:00 PM ET Company ParticipantsOmar Saad - SVP - Group IR & Capital MarketsJames Zheng - CEO & DirectorStuart Haselden - CEOKatie Becker - Chief Creative OfficerAlexandra Plante - VP - Advanced ConceptsRenée Augustine - Senior VP & GM - FootwearMarissa Pardini - General Manager - VeilanceDominique Showers - VP - ReBirdKyle Wood - Senior Director StrategyKarl Aaker - Senior VP - Brand MarketingDelaney Schweitzer - Chief Commercial OfficerNone - Exec ...

Summary of Intuit's 2025 Investor Day Company Overview - **Company**: Intuit (NasdaqGS: INTU) - **Event**: 2025 Investor Day - **Date**: September 18, 2025 Key Industry Insights - **SaaS Industry Dynamics**: The SaaS landscape is characterized by a need for companies to either disrupt or be disrupted, particularly through advancements in AI [7][8] - **Total Addressable Market (TAM)**: The overall TAM is estimated to be over $300 billion, with Intuit's penetration increasing from 5% to 6% [16][60] Core Business Strategies - **AI-Driven Expert Platform**: Intuit is focusing on becoming a "system of intelligence" by leveraging data, AI, and human intelligence (HI) to enhance customer experiences [8][24] - **Growth Drivers**: The company achieved a 16% growth in the past fiscal year, with a significant focus on three key areas: marketing, customer management, and cash flow management [9][24] - **Mid-Market Focus**: The mid-market segment is seen as a major growth opportunity, with a revenue growth of 40% and a belief that it will surpass Intuit's current size [11][26][61] Financial Performance - **Revenue Growth**: Intuit's revenue reached $11.1 billion, with notable growth in various segments: - Online ecosystem revenue grew by 20% - Money revenue increased by 37% - Payroll revenue rose by 25% - Mid-market revenue surged by 40% [61] Innovation and Product Development - **TurboTax Live**: This segment grew by 47%, showcasing the impact of AI and HI integration [12][23] - **AI Agents**: The launch of virtual AI agents has led to significant efficiencies, with users saving an average of 12 hours per month [29][30] - **GenOS**: The generative AI operating system has accelerated innovation, enabling rapid deployment of AI capabilities [42][46] Customer-Centric Approach - **Done-for-You Experiences**: Intuit aims to reduce the number of applications customers use by 80%, consolidating services to enhance efficiency and reduce costs [19][25] - **Customer Success Metrics**: Customers on Intuit's platform have a 21-point higher success rate compared to those not using the platform [22][23] Future Aspirations - **Growth Aspirations**: Intuit aims for a 20% top-line growth, driven by AI investments and low penetration in key segments [23][24] - **Cultural Values**: The company emphasizes a culture of courage, customer obsession, and collaboration to drive innovation and growth [20][21] Risks and Forward-Looking Statements - **Cautions**: The presentations included forward-looking statements with associated risks and uncertainties, emphasizing the need for caution in interpreting future performance [4][5] Conclusion - **Strategic Vision**: Intuit is positioned to leverage its data, AI, and HI capabilities to deliver innovative solutions that meet customer needs, with a strong focus on growth in the mid-market and enhancing overall customer success [59][60]

Summary of PetVivo Holdings Conference Call Company Overview - **Company Name**: PetVivo Holdings - **Ticker Symbol**: PETV - **Market Focus**: Companion animal veterinary care market, valued at approximately $11 billion [2][19] Core Products - **Spryng with OsteoCushion Technology**: A veterinary medical device designed to restore joint mechanics and address osteoarthritis in animals. It is classified as a human medical device, allowing it to bypass FDA review for veterinary use [2][8]. - **PrecisePRP**: An allogenic freeze-dried platelet-rich plasma product, the only FDA-reviewed product for safety that does not require blood drawing from the animal [2][17]. Market Dynamics - **Osteoarthritis Prevalence**: Approximately 80% of dogs will develop osteoarthritis by age eight, with symptoms often starting as early as three to four years old [4]. - **Current Treatment Limitations**: Existing treatments primarily mask symptoms rather than address the root cause, leading to potential long-term damage [5][12]. Competitive Advantages - **Unique Mechanism of Action**: Spryng addresses the underlying issues of joint degradation rather than just alleviating pain, providing a longer-lasting solution (up to 12 months) compared to other treatments [6][8]. - **Cost-Effectiveness**: Spryng's pricing ranges from $600 to $1,200 per injection, which is competitive compared to monthly treatments like Librela costing around $150 [31][32]. - **Strong Intellectual Property Portfolio**: PetVivo holds 12 U.S. patents and 9 foreign patents, with ongoing efforts to expand this portfolio [3][9]. Distribution and Expansion - **Distribution Agreements**: Established partnerships with major distributors in the U.S. and recent expansions into Mexico and the UK [3][27]. - **Market Growth**: The pet care market is considered recession-proof, with increasing spending on veterinary care as pets are viewed as family members [19]. Clinical Evidence and Studies - **Successful Clinical Trials**: Over 12,000 injections have been administered with positive outcomes, including a study showing a 77% improvement in dogs with late-stage hip issues [10][15][16]. - **Ongoing Research**: Multiple clinical trials are underway, including studies at Colorado State University, aimed at further validating the efficacy of Spryng [16][24]. Future Outlook - **Product Pipeline**: Plans to expand into human markets and develop additional veterinary applications [22][29]. - **Regulatory Support**: The product has received endorsements from regulatory bodies, enhancing its credibility in the market [28]. Management and Team - **Experienced Leadership**: The management team includes individuals with extensive backgrounds in both veterinary and human healthcare sectors, contributing to the company's strategic direction [26][27]. Conclusion PetVivo Holdings is positioned to capitalize on the growing demand for effective veterinary treatments, particularly for osteoarthritis, through its innovative products and strong market presence. The company aims to leverage its unique technology and distribution partnerships to drive future growth and expand into new markets.

Summary of Intuit's Investor Day Conference Call Company Overview - **Company**: Intuit - **Industry**: Software as a Service (SaaS), specifically focusing on financial and business management solutions Key Points and Arguments 1. **AI-Driven Strategy**: Intuit emphasizes the necessity for SaaS companies to either disrupt or be disrupted by AI, positioning itself as a "system of intelligence" that leverages data and AI capabilities to enhance customer experiences [12][14][39] 2. **Growth Metrics**: The company reported a growth of 16% in the past fiscal year, with a significant increase in size from under $5 billion a decade ago to nearly $20 billion today, while maintaining 40% operating margins [15][23] 3. **Market Segments**: - The assisted tax segment is a $2 billion business growing at 47% - The mid-market segment is growing at 40% [18] 4. **Customer Engagement**: Intuit has over 2 million customers engaging with AI agents, which have shown to save users significant time and improve efficiency [50] 5. **Innovation Focus**: The company has narrowed its focus from five strategic bets to three, reallocating resources to enhance impactful innovation [14][39] 6. **Total Addressable Market (TAM)**: The TAM is estimated to be over $300 billion, with current penetration increasing from 5% to 6% [24][98] 7. **Consumer and Business Solutions**: Intuit aims to help consumers with credit and wealth building, while assisting businesses from lead generation to cash flow management [24][30] Additional Important Insights 1. **Cultural Values**: Intuit emphasizes a culture of customer obsession, courage, and collaboration, which are seen as essential for driving growth and innovation [31][32] 2. **AI and Human Intelligence**: The integration of AI with human intelligence (HI) is a core differentiator for Intuit, allowing for personalized customer experiences [37][96] 3. **Operational Efficiency**: The company has achieved significant improvements in operational efficiency, including a 12x increase in developer velocity over five years [83] 4. **Financial Services**: Intuit has facilitated over $890 billion in money movement, highlighting its capabilities in financial management [79] 5. **Future Innovations**: Upcoming launches include a platform for accountants and enhancements to existing services, which are expected to drive future growth [64][96] Conclusion Intuit is strategically positioning itself as a leader in the SaaS industry by leveraging AI and data to enhance customer experiences, drive growth, and maintain operational efficiency. The focus on mid-market opportunities and the integration of innovative technologies are key components of its growth strategy moving forward.

Financial Data and Key Metrics Changes - For fiscal year 2025, the company achieved annual revenue of $2.3 billion, with an adjusted operating margin of 36.3% and adjusted EPS of $16.98, all within guidance ranges [15][24] - Fourth quarter revenues increased by 6.2% year-over-year, reaching $597 million, contributing to a 5.4% overall revenue growth for fiscal 2025 [24][25] - The company reported organic ASV growth of $127 million for FY25, with Q4 organic ASV of $81.8 million, marking the largest quarter in the company's history [14][15] Business Line Data and Key Metrics Changes - Wealth management delivered strong Q4 performance with organic growth exceeding 10%, driven by significant seven-figure deals and competitive displacements [17][18] - The banking segment saw a 4% year-over-year organic ASV growth, with strong quarterly results attributed to confidence in the AI roadmap [18][20] - Off-platform ASV with wealth clients grew over 50% year-over-year, indicating successful expansion beyond traditional offerings [17] Market Data and Key Metrics Changes - In the Americas, organic ASV growth accelerated to 6%, with asset managers increasing technology investments [16] - EMEA region saw organic ASV growth improve to 4%, with strategic wins despite ongoing challenges for mid-sized asset managers [16] - Asia-Pacific experienced a 7% increase in organic ASV growth, driven by strong demand for middle office solutions and AI-ready data [16][21] Company Strategy and Development Direction - The company aims to become the leading AI-powered financial intelligence platform, focusing on integrating AI into client workflows and enhancing product offerings [10][11] - Strategic investments in AI and data expansion are prioritized to maintain market leadership and drive future growth [28][30] - The company plans to deepen integration with client workflows and expand offerings in data feeds and analytics solutions [29][30] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the current environment of tight client budgets and longer sales cycles but remains confident in the company's competitive positioning [22][23] - The outlook for fiscal 2026 anticipates organic ASV growth of $100 million to $150 million, reflecting a conservative approach due to market dynamics [32][33] - The company expects continued strong demand for solutions, particularly in wealth management and banking, supported by a robust sales pipeline [31][32] Other Important Information - The company returned over $460 million to shareholders in fiscal 2025 through dividends and share repurchases, demonstrating a commitment to shareholder value [27] - The company divested RMS Partners to focus on core growth areas, which led to a one-time gain recognized in GAAP results [27][28] Q&A Session Summary Question: Margin decline breakdown and future outlook - Management indicated that margin decline is primarily due to increased investments in growth and structural changes, with expectations for operating leverage in the future [36][37][38] Question: AI strategy and competitive dynamics - The CEO emphasized the significant opportunity in AI, with ongoing efforts to understand client priorities and enhance product offerings [41][42][43] Question: Strength in wealth management - Management highlighted strong momentum in wealth management, with opportunities for seven-figure deals and improved client engagement [45][46][48] Question: Trends in bank hiring - Management noted improved hiring trends in banking, with a focus on productivity tools and AI-related offerings [70][71] Question: Internal productivity initiatives - Management discussed the importance of internal productivity improvements and the potential for AI to enhance efficiency and output [72][76][77]

Summary of DuPont's Investor Day 2025 Company Overview - **Company**: DuPont - **Event**: Investor Day 2025 - **Key Themes**: Transformation, innovation, and acceleration [1][2] Financial and Strategic Highlights - **Pro Forma Basis**: Presentation based on the new DuPont after the spin-off of Delrin and divestiture of the Aramids business [2] - **New Reporting Segments**: Focus on healthcare, water technologies, and diversified industrials [2] - **Timeline**: Spin-off expected on November 1, 2025, and divestiture completion in Q1 2026 [2] Key Messages from Leadership 1. **Transformation Execution**: Focus on portfolio and operational transformation to reduce complexity and cyclicality [7] 2. **Excellence Focus**: Codifying innovation excellence and operational excellence into a comprehensive business system [8] 3. **Growth Acceleration**: Half of the businesses positioned in markets growing above GDP, with continued investment in these areas [8] 4. **Capital Allocation**: Disciplined model to deliver strong returns for shareholders [9] 5. **Cultural Enhancement**: Building a culture focused on growth and continuous improvement [9] Financial Performance and Projections - **Revenue Growth**: Divestiture of the Aramids business expected to increase revenue growth by 50 basis points and margin by 90 basis points [10] - **Long-term Targets**: Projecting 3-4% organic growth CAGR, margin expansion of 150-200 basis points by 2028, and EPS growth of 8-10% [25][26] Business Segments Healthcare and Water Technologies - **Sales Contribution**: Healthcare and water technologies each represent about 25% of sales [13] - **Market Position**: Leading position in medical devices, biopharma, and water filtration [34][42] - **Growth Drivers**: Aging population, chronic diseases, and increasing demand for clean water [38][46] - **Expected EBITDA Margin**: Approximately 30% for the Healthcare and Water segment [34] Diversified Industrials - **Sales Contribution**: Represents about 50% of DuPont's portfolio [14] - **Market Leadership**: Strong presence in construction, automotive, aerospace, and industrial sectors [55] - **Sales and Margin**: $3.6 billion business with a 22% operating margin [55] - **Growth Opportunities**: Focus on energy efficiency, sustainability, and innovation in product offerings [62][63] Innovation and R&D - **Investment Focus**: Emphasis on innovation to drive growth, with a vitality index of 30% [16] - **New Product Sales**: 40% growth and 60% renew, with plans to shift towards more growth [16] - **Customer Collaboration**: Strong partnerships with leading medical device and biopharma companies [41] Market Opportunities - **Addressable Market**: Combined addressable market of over $40 billion [14] - **Sustainability Trends**: Increasing focus on sustainability and regulatory requirements driving growth in water technologies [46][48] Conclusion - **Commitment to Excellence**: DuPont aims to enhance shareholder value through disciplined capital decisions and consistent delivery of growth and margin expansion [26][27] - **Future Outlook**: Positioned to lead in innovation and sustainability, with a strong focus on operational excellence and customer collaboration [69][70]

Financial Data and Key Metrics Changes - For fiscal year 2025, the company achieved annual revenue of $2.3 billion, with an adjusted operating margin of 36.3% and adjusted EPS of $16.98, all within guidance ranges [15][24] - The fourth quarter saw revenues increase by 6.2% year-over-year, reaching $597 million, contributing to a 5.4% overall revenue growth for fiscal 2025 [24][26] - The company reported a record Q4 organic ASV of $81.8 million, representing a sequential growth acceleration of 5.7% [15][24] Business Line Data and Key Metrics Changes - Wealth management delivered strong Q4 performance with organic growth exceeding 10%, driven by significant seven-figure deals and competitive displacements [17][18] - The banking segment saw a 4% year-over-year growth in organic ASV, with strong quarterly results attributed to client confidence in the AI roadmap [18][24] - Off-platform ASV with wealth clients grew over 50% year-over-year, indicating successful expansion beyond traditional offerings [17] Market Data and Key Metrics Changes - In the Americas, organic ASV growth accelerated to 6%, with asset managers increasing technology investments [16] - EMEA region saw organic ASV growth improve to 4%, with strategic wins despite ongoing challenges for mid-sized asset managers [16] - Asia-Pacific experienced a 7% increase in organic ASV, driven by strong demand for middle office solutions and AI-ready data [16] Company Strategy and Development Direction - The company aims to become the leading AI-powered financial intelligence platform, focusing on integrating AI into client workflows and enhancing product offerings [7][10] - Strategic investments in AI and data solutions are expected to drive top-line growth, with a disciplined approach to long-term growth guided by client needs [11][12] - The company plans to expand its offerings in data feeds and analytics solutions, particularly in wealth management and banking sectors [29][30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the tight client budgets and evolving market dynamics, emphasizing the importance of quality data and technology as competitive advantages [22][23] - The outlook for fiscal 2026 anticipates organic ASV growth of $100 million to $150 million, reflecting a conservative approach due to longer sales cycles [32][33] - The company is positioned at an inflection point, with strategic investments beginning to translate into competitive advantages [34] Other Important Information - The company returned over $460 million to shareholders in fiscal 2025 through dividends and share repurchases, demonstrating a commitment to shareholder value [27] - The company divested RMS Partners, a non-core platform, to focus resources on core growth areas [27][28] - The company plans to continue building on momentum while investing in data expansion and AI capabilities [28][30] Q&A Session Summary Question: Margin decline breakdown and future outlook - Management indicated that margin decline was influenced by increased investments and cost inflation, with expectations for operating leverage from structural investments in the future [36][37][38] Question: AI strategy and competitive dynamics - The CEO highlighted AI as a significant opportunity, with ongoing efforts to understand client priorities and enhance product offerings [41][42][43] Question: Strength in wealth management and future growth - Management noted strong momentum in wealth management, with opportunities for seven-figure deals and improved attach rates at existing clients [45][46][48] Question: Trends in bank hiring - Management observed improved hiring trends in banking, with technology investments driving productivity [68][70] Question: Internal productivity initiatives and AI impact - Management discussed the potential for AI to enhance productivity and drive top-line growth, with a focus on redeploying talent for greater efficiency [72][75]

Financial Data and Key Metrics Changes - For FY 2025, the company added $127 million of organic ASV, near the top end of guidance range [14] - Annual revenue increased to $2.3 billion, with an adjusted operating margin of 36.3% and adjusted EPS growing to $16.98 [15] - Q4 organic ASV reached $81.8 million, the largest quarter in the company's history, representing a sequential growth acceleration of 5.7% [15][24] Business Line Data and Key Metrics Changes - Wealth management delivered strong Q4 performance with organic growth exceeding 10%, driven by seven-figure deals and competitive displacements [17] - Dealmaker's organic ASV grew 4% year-over-year, with strong quarterly results in banking due to confidence in the AI roadmap [18] - Off-platform ASV with wealth clients grew more than 50% year-over-year, expanding the enterprise footprint outside of the wealth workstation [17] Market Data and Key Metrics Changes - In the Americas, organic ASV growth accelerated to 6%, with asset managers increasing technology investments [16] - EMEA organic ASV growth improved to 4%, with strategic wins including competitor displacement at a large asset manager [16] - Asia-Pacific organic ASV growth increased by 7%, driven by strong demand for middle office solutions and AI-ready data [16] Company Strategy and Development Direction - The company aims to become the leading AI-powered financial intelligence platform, focusing on integrating AI into client workflows and enhancing product offerings [10][11] - Strategic investments in AI and data are expected to drive top-line growth, with a disciplined approach to long-term growth guided by client needs [12][30] - The company plans to expand its offerings in data feeds and analytics solutions to meet the growing needs of advisors in wealth management [30] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the tight client budgets and evolving market dynamics, emphasizing the importance of quality data and technology as competitive advantages [22] - The company expects continued strong demand for its solutions, with a conservative guidance reflecting longer sales cycles and rigorous client approval processes [32][33] - The outlook for FY 2026 anticipates organic ASV growth of $100 million-$150 million, with GAAP revenues projected between $2.42 billion and $2.45 billion [32][33] Other Important Information - The company repurchased approximately 260,000 shares for $107 million during the quarter, concluding a $300 million share repurchase program [27][28] - A quarterly dividend of $1.10 per share was paid, marking the 26th consecutive year of dividend increases [28] - The company divested RMS Partners, a non-core sell-side research platform, to focus on core growth areas [28][29] Q&A Session Summary Question: Margin decline breakdown and future expectations - Management indicated that margin decline is influenced by bonus normalization and additional hiring for growth investments, with expectations for operating leverage in the future [36][37][38] Question: AI strategy and competitive dynamics - The CEO emphasized AI as a significant opportunity, with a focus on understanding client priorities and enhancing product offerings [40][41][42] Question: Wealth management growth and seven-figure deals - Management noted strong momentum in wealth management, with opportunities for large deals and improved attach rates at existing clients [44][45][46] Question: Trends in bank hiring - Management observed improved hiring trends in banking, with a focus on productivity tools and AI-related offerings [68][70] Question: Internal productivity initiatives and AI impact - Management discussed the potential for AI to enhance productivity and output, leading to top-line growth while managing headcount growth [72][76]

SEI Investments Investor Day Summary Company Overview - **Company**: SEI Investments (NasdaqGS:SEIC) - **Event**: 2025 Investor Day - **Date**: September 18, 2025 Key Points Vision and Strategy - **Long-term Focus**: The leadership emphasizes building sustainable growth rather than short-term stock performance, highlighting the importance of repeatable wins and client satisfaction [6][9][60] - **Sales Events**: The company has experienced significant success in sales events, with three of the largest quarters occurring in the last six quarters, indicating a strong sales trajectory [8][10] - **Client Engagement**: Improved client engagement is a priority, with a focus on understanding client needs and expanding relationships across different units [11][20] Leadership and Talent - **Leadership Changes**: The company has made significant changes in leadership, infusing new talent to drive growth and innovation [13][29] - **Cultural Shift**: A cultural transformation is underway, promoting collaboration and breaking down silos within the organization [31][85] Growth Areas - **Asset Management**: The company is reimagining its asset management business, aiming for high single-digit annualized growth in assets under management (AUM) [71][72] - **International Expansion**: There is a focus on boosting international returns, with plans to improve margins and revenue in international markets [73][76] - **Enterprise RIAs and Community Banks**: The company is targeting enterprise registered investment advisors (RIAs) and regional community banks as key growth segments [49][48] Financial Performance - **Revenue Sources**: Over two-thirds of revenue comes from alternative asset classes, with a strong focus on private credit [68][70] - **Cost Management**: The company aims to improve operating margins through disciplined cost management and optimization strategies, including the establishment of a Global Capability Center in India [79][81] Capital Allocation - **Strategic Investments**: The company is shifting its capital allocation strategy to include more mergers and acquisitions (M&A) alongside traditional share buybacks and dividends [58][110] - **Balance Sheet Strength**: SEI maintains a strong balance sheet with zero debt and approximately $700 million in cash, targeting a positive leverage ratio to enhance investment capabilities [106][108] Operational Changes - **Segment Simplification**: The company is restructuring its reporting segments from five to three to simplify operations and improve clarity for investors [114][116] - **Horizontal Integration**: A shift from vertical to horizontal operational structures is being implemented to enhance collaboration and efficiency across business units [85][90] Market Positioning - **Competitive Landscape**: The leadership believes SEI is well-positioned to capitalize on market trends, particularly in the alternative investment space, and is focused on becoming a leader in this area [61][52] Employee Engagement - **Workforce Strategy**: The company is focusing on optimizing its workforce strategy, including the use of AI and automation to enhance productivity without compromising service quality [100][104] Additional Insights - **Client Perception**: The company is working to change how clients perceive SEI, moving from a single-threaded provider to a comprehensive service partner [21][20] - **Cultural Buzz**: There is a palpable excitement among employees and stakeholders, indicating a positive shift in company morale and outlook [119][120]

Financial Data and Key Metrics Changes - For FY25, the company added $127 million of organic ASV, near the top end of guidance range [12] - Annual revenue increased to $2.3 billion, with an adjusted operating margin of 36.3% and adjusted EPS growing to $16.98 [13] - Q4 organic ASV reached $81.8 million, the largest quarter in company history, representing a sequential growth acceleration of 5.7% [13][22] - Q4 revenues increased 6.2% year over year, reaching $597 million, with FY25 delivering 5.4% overall revenue growth [22] Business Line Data and Key Metrics Changes - Wealth management delivered strong Q4 performance with organic growth exceeding 10%, driven by seven-figure deals [15] - Off-platform ASV with wealth clients grew more than 50% year-over-year [15] - Dealmaker's organic ASV grew 4% year-over-year, with strong quarterly results in banking [16] - The integration of Irwin and FactSet is driving growth in corporate IR needs [17] Market Data and Key Metrics Changes - In the Americas, organic ASV growth accelerated to 6%, with asset managers increasing technology investments [14] - EMEA organic ASV growth improved to 4%, with strategic wins including competitor displacement [14] - Asia-Pacific organic ASV growth increased 7%, driven by strong demand for middle office solutions and AI-ready data [14] Company Strategy and Development Direction - The company aims to become the leading AI-powered financial intelligence platform, focusing on client engagement and product innovation [5][10] - Strategic investments in AI and data solutions are expected to drive top-line growth and enhance client workflows [10][28] - The company plans to expand its offerings in data feeds and analytics solutions to meet the growing needs of advisors [28] Management's Comments on Operating Environment and Future Outlook - Management acknowledges tight client budgets and evolving market dynamics, leading to longer sales cycles [19] - The company is positioned at an inflection point with strategic investments beginning to translate into competitive advantages [32] - Guidance for FY26 anticipates organic ASV growth of $100 million to $150 million, reflecting a conservative approach due to current market conditions [30][31] Other Important Information - The company repurchased approximately 260,000 shares for $107 million during the quarter, concluding a $300 million share repurchase program [24] - A quarterly dividend of $1.10 per share was paid, marking the 26th consecutive year of dividend increases [25] - The company divested RMS Partners to concentrate resources on core growth areas [25][26] Q&A Session Summary Question: Margin decline breakdown and future outlook - Management indicated that margin decline is due to bonus normalization and additional hiring for investments, with expectations for operating leverage in the future [36][38] Question: AI strategy and competitive dynamics - The focus will be on understanding client priorities and enhancing product offerings, with AI seen as a significant opportunity for growth [41][42] Question: Strength in wealth management and future growth - The company sees ongoing demand for analytics and AI in wealth management, with opportunities for seven-figure deals and geographic expansion [46][48] Question: AI strategy and competitive moat - AI investments are expected to enhance internal efficiencies and client engagement, with a strong focus on implementation quality [52][56] Question: Trends in bank hiring - Improved hiring trends were noted in Q4, with expectations for continued momentum in the banking sector [73] Question: Accelerating organic revenue growth - The company believes that increased use of analytics and AI will drive demand for services, with a focus on executing existing opportunities [81][82]