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FLEX LNG .(FLNG) - 2024 Q3 - Earnings Call Transcript
2024-11-12 19:17
FLEX LNG Ltd. (NYSE:FLNG) Q3 2024 Earnings Conference Call November 12, 2024 9:00 AM ET Company Participants Oystein Kalleklev - Chief Executive Officer Knut Traaholt - Chief Financial Officer Conference Call Participants Oystein Kalleklev … Third Quarter Results Presentation. I’m CEO Oystein Kalleklev, and I will be joined later in the presentation as usual by our CFO, Knut Traaholt, who will walk you through the financials. Before we begin, just want to remind you that we will be providing some forward-lo ...
Bayer(BAYRY) - 2024 Q3 - Earnings Call Transcript
2024-11-12 19:14
Bayer AG (OTCPK:BAYZF) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Bill Anderson - Chairman & CEO Wolfgang Nickl - CFO Julio Triana - President, Consumer Health Division Stefan Oelrich - President, Pharmaceuticals Division Rodrigo Santos - President, Crop Science Division Jost Reinhard - IR Conference Call Participants Vincent Andrews - Morgan Stanley Sachin Jain - Bank of America Joel Jackson - BMO James Quigley - Goldman Sachs Christian Faitz - Kepler Cheuvreux Richa ...
Telos(TLS) - 2024 Q3 - Earnings Call Transcript
2024-11-12 19:09
Telos Corporation (NASDAQ:TLS) Q3 2024 Earnings Conference Call November 12, 2024 10:30 AM ET Company Participants Allison Phillipp - Director Coporate Communications John Wood - Chairman and CEO Mark Bendza - Executive Vice President and CFO Mark Griffin - Executive Vice President of Security Solutions Conference Call Participants Bradley Clark - BMO Zach Cummins - B. Riley Rudy Kessinger - D.A. Davidson Nehal Chokshi - Northland Capital Markets Operator Good day and thank you for standing by. Welcome to ...
Kopin(KOPN) - 2024 Q3 - Earnings Call Transcript
2024-11-12 18:57
Kopin Corporation. (NASDAQ:KOPN) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Brian Prenoveau - Investor Relations Michael Murray - Chief Executive Officer Richard Sneider - Chief Financial Officer Conference Call Participants Jason Schmidt - Lake Street Victor Santiago - Stifel Michael Rich - HC Wainright Operator Good morning, everyone, and welcome to the Kopin Corporation Third Quarter 2024 Earnings Call. [Operator Instructions]. At this time, I'd like to turn the co ...
Genius Sports (GENI) - 2024 Q3 - Earnings Call Transcript
2024-11-12 18:54
Genius Sports Limited (NYSE:GENI) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Brandon Bukstel - IR Manager Mark Locke - CEO Nicholas Taylor - CFO Conference Call Participants Ben Miller - Goldman Sachs Bernie McTernan - Needham and Company Jed Kelly - Oppenheimer & Co Ryan Sigdahl - Craig-Hallum Capital Group Jason Bazinet - Citi Eric Martinuzzi - Lake Street Capital Markets Jordan Bender - Citizens JMP Operator Thank you for standing by. My name is Jeanne and I will b ...
Perimeter Solutions(PRM) - 2024 Q3 - Earnings Call Transcript
2024-11-12 18:48
Financial Data and Key Metrics - Q3 revenue increased 102% to $288.4 million, and year-to-date sales increased 81% to $474.7 million [42] - Q3 adjusted EBITDA rose 177% to $170.4 million, and year-to-date adjusted EBITDA increased 189% to $247.4 million [42] - LTM adjusted EBITDA reached $259 million, reflecting an 18% CAGR over the past 15 years [29][30] - Free cash flow for Q3 was $179.1 million, with year-to-date free cash flow at $185.3 million [47][48] Business Line Performance - Fire Safety Q3 revenue increased 113% to $251.8 million, with adjusted EBITDA up 181% to $157.5 million [39] - Specialty Products Q3 sales grew 50% to $36.6 million, with adjusted EBITDA up 137% to $12.9 million [41] - Suppressants business benefited from the transition to fluorine-free foam, maintaining a 99% win rate at FAA 139 compliant airports [25][26] Market and Operational Highlights - Retardants business demonstrated criticality and complexity, with successful operations in extreme conditions such as the Yellowknife wildfire evacuation [14][17] - Suppressants business emerged as a market leader in fluorine-free foams, driving high win rates and creating a large installed base for future aftermarket sales [25][26] - Specialty Products delivered approximately 10,000 bins in 2024 with a single-digit issue rate, showcasing exceptional execution [28] Strategic Direction and Industry Competition - Company focuses on three operational value drivers: profitable new business, productivity improvements, and value-based pricing [7][8] - Capital allocation priorities include internal reinvestment, M&A, share repurchases, and special dividends, with over $200 million in cash and LTM net leverage of 1.7x [32][33][51] - Active search for M&A targets to apply the value driver operating strategy and increase EBITDA and free cash flow [36][37] Management Commentary on Operating Environment and Outlook - Management highlighted the normalization of the 2024 fire season compared to 2023, driving strong financial performance [39] - Company expects to maintain elevated spending in R&D and field service to support customer missions [42] - Management remains confident in driving higher adjusted EBITDA in future years with similar end-market conditions [31] Other Important Information - Company plans to re-domicile its parent company from Luxembourg to Delaware in November 2024, aiming to reduce regulatory complexity and improve tax profile [50] - Share repurchase program has returned 137% on $127.4 million deployed, repurchasing 14% of the initial IPO share count [49] Q&A Session Summary Question: Fire Safety Volume and Growth Drivers - During Q3, there were periods where the aerial firefighting industry operated at max capacity, limiting additional retardant sales [54] - Long-term growth in fire safety volumes is driven by increased air tanker capacity, public sector investments, and company’s own operational upgrades [55][56] Question: Capital Deployment and Timing - Company will remain patient with capital allocation, prioritizing internal reinvestment, M&A, and share repurchases, with special dividends as a last resort [58] Question: Regional Focus and Seasonality - Company operates globally, with key markets in Central and South America, Europe, the Middle East, Asia, and Australia, each with distinct wildfire seasonality [61][62]
Sylvamo (SLVM) - 2024 Q3 - Earnings Call Transcript
2024-11-12 18:44
Sylvamo Corporation (NYSE:SLVM) Q3 2024 Results Conference Call November 12, 2024 10:00 AM ET Company Participants Hans Bjorkman - Vice President, Investor Relations Jean-Michel Ribiéras - Chairman and Chief Executive Officer John Sims - Senior Vice President and Chief Financial Officer Conference Call Participants Daniel Harriman - Sidoti & Company George Staphos - Bank of America Matthew McKellar - RBC Capital Markets Operator Good morning. Thank you for standing by. Welcome to Sylvamo's Third Quarter 202 ...
American Strategic Investment (NYC) - 2024 Q3 - Earnings Call Transcript
2024-11-12 18:43
American Strategic Investment Co (NYSE:NYC) Q3 2024 Results Conference Call November 12, 2024 11:00 AM ET Company Participants Curtis Parker - Senior Vice President Michael Anderson - Chief Executive Officer Mike LeSanto - Chief Financial Officer Conference Call Participants Bryan Myers - B. Riley Securities Operator Good morning, and welcome to the American Strategic Investment Company Third Quarter Earnings Call. My name is Karen, and I'll be your operator today. [Operator Instructions] Thank you. I'd lik ...
Hertz(HTZ) - 2024 Q3 - Earnings Call Transcript
2024-11-12 18:39
Hertz Global Holdings, Inc. (NASDAQ:HTZ) Q3 2024 Earnings Conference Call November 12, 2024 9:00 AM ET Company Participants Johann Rawlinson - VP, Investor Relations Wayne West - CEO & Director Sandeep Dube - EVP & Chief Commercial Officer Scott Haralson - EVP & CFO Conference Call Participants Chris Woronka - Deutsche Bank Ian Zaffino - Oppenheimer John Healy - Northcoast Research John Babcock - Bank of America Merrill Lynch Ryan Brinkman - JPMorgan Lizzie Dove - Goldman Sachs Dan Levy - Barclays Christoph ...
EchoStar(SATS) - 2024 Q3 - Earnings Call Transcript
2024-11-12 18:39
EchoStar Corporation (NASDAQ:SATS) Q3 2024 Earnings Conference Call November 12, 2024 11:00 AM ET Company Participants Dean Manson - Chief Legal Officer Hamid Akhavan - Chief Executive Officer & President Paul Orban - Executive Vice President & Principal Financial Officer Gary Schanman - Executive Vice President & Group President, Video Services Jeff Boggs - Senior Vice President, Hughes Finance John Swieringa - President, Technology, & Chief Operating Officer Conference Call Participants Ric Prentiss - Ray ...