RXO, Inc. (NYSE:RXO) Q3 2024 Earnings Conference Call November 7, 2024 7:00 AM ET Company Participants Drew Wilkerson - CEO Jamie Harris - CFO Jared Weisfeld - Chief Strategy Officer Conference Call Participants Ariel Rosa - Citigroup. Scott Schneeberger - Oppenheimer David Zazula - Barclays Joe Hafling - Jefferies Ken Hoexter - Bank of America Bruce Chan - Stifel Scott Group - Wolfe David Hicks - Raymond James Operator Welcome to the RXO Q3 2024 Earnings Conference Call and Webcast. My name is Joelle, and ...

Hamilton Insurance Group, Ltd. (NYSE:HG) Q3 2024 Earnings Call November 7, 2024 9:00 AM ET Company Participants Jon Levenson - Group Treasurer and Head, Investor Relations Pina Albo - Chief Executive Officer Craig Howie - Chief Financial Officer Conference Call Participants Elyse Greenspan - Wells Fargo Michael Zaremski - BMO Tommy McJoynt - KBW Operator Hello and welcome to the Hamilton Insurance Group Earnings Conference Call. As a reminder, this call is being webcast and will also be available for replay ...

Issuer Direct Corporation (NYSE:ISDR) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Brian Balbirnie - President & Chief Executive Officer Steve Knerr - Vice President-Finance, Controller & Interim Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by, and welcome to the Issuer Direct Corporation's Third Quarter 2024 Earnings Conference Call. My name is John and I am your host of today's earnings call. I'd like to rem ...

Pampa Energia S.A. (NYSE:PAM) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Raquel Cardasz - Investor Relations Lida Wang - Investor Relations and Sustainability Officer Gustavo Mariani - Executive Vice president and Chief Executive Officer Nicolas Mindlin - Chief Financial Officer Horacio Jorge Tomas Turri - Head of E&P Conference Call Participants Bruno Montanari - Morgan Stanley Alejandro Demichelis - Jefferies Marina Mertens - Latine Securities Daniel Guardiola - BTG ...

The Pennant Group Inc (NASDAQ:PNTG) Q3 2024 Earnings Call Transcript November 7, 2024 12:00 PM ET Company Participants Kirk Cheney - General Counsel & Corporate Secretary Brent Guerisoli - Chief Executive Officer & Director John Gochnour - President & Chief Operating Officer Lynette Walbom - Chief Financial Officer Conference Call Participants Ben Hendrix - RBC Capital Markets Scott Fidel - Stephens Operator Good day, and thank you for standing by. Welcome to The Pennant Group's Third Quarter 2024 Earnings ...

Financial Data and Key Metrics - Q3 2024 revenue was $173 4 million, up 13% YoY [7] - Same-store sales grew 6%, with 4% from menu price increases and 2% from positive traffic and mix [8] - Restaurant-level margin expanded by over 100 basis points to 20 2% [9] - Adjusted EBITDA for the quarter was $6 8 million [9] - Net loss improved to $20 8 million from $25 1 million in Q3 2023 [34] - Year-to-date adjusted EBITDA was $19 3 million, compared to a $1 million loss in the same period last year [35] - Cash balance at the end of Q3 was $235 million, with positive operating cash flow of $37 million for the first nine months of 2024 [36] Business Line Data and Key Metrics - Five new restaurants were opened in Q3, bringing the total to 236 [7] - Three of the new restaurants are powered by the Infinite Kitchen [10] - The Infinite Kitchen has led to a 700 basis point labor savings at the Penn Plaza location [16] - Turnover for Infinite Kitchen locations was lower than the fleet average in September [16] - The company plans to open at least 40 new restaurants in fiscal 2025, with approximately half powered by the Infinite Kitchen [13] Market Data and Key Metrics - Emerging markets, including the Midwest, Texas, and the Southeast, saw double-digit same-store sales growth [8] - The average unit volume (AUV) in Q3 was $2 9 million [29] - The Penn Plaza Infinite Kitchen retrofit has resulted in faster order fulfillment and increased guest frequency [15] Company Strategy and Industry Competition - The company is focused on broadening its menu beyond salads, with new protein plates and seasonal offerings driving dinner and weekend sales [18] - Sweetgreen is testing new menu items like ripple fries and exploring opportunities in desserts and handheld options [20] - The company is rolling out an AI-driven labor scheduling system to improve team member experience and operational efficiency [23] - Sweetgreen aims to redefine fast food through a focus on culinary and technology innovation, with a goal of 15% to 20% unit growth annually [38] Management Commentary on Operating Environment and Future Outlook - Management highlighted the success of the Infinite Kitchen in improving guest experience and operational efficiency [14] - The company is optimistic about the potential for menu innovation and digital sales growth, particularly with the upcoming loyalty program launch in 2025 [16] - Sweetgreen raised its 2024 guidance, expecting revenue between $675 million and $680 million, same-store sales growth of 6% to 7%, and adjusted EBITDA of $18 million to $20 million [37] Other Important Information - The company is retrofitting two high-volume restaurants, Willis Tower in Chicago and Wall Street in New York, with the Infinite Kitchen, expected to be completed by the end of Q4 2024 [17] - Sweetgreen is simplifying back-of-house operations to reduce complexity and improve throughput [21] - The company is investing in leadership training and career development for team members, with a focus on promoting from within [25] Q&A Session Summary Question: Brand awareness and broadening appeal - Sweetgreen is focused on expanding its menu to attract a wider demographic, with protein plates and new menu items driving dinner and weekend sales [42][43][44] - The company is testing ripple fries and exploring opportunities in desserts and handheld options [46][47] Question: In-store productivity improvements - Sweetgreen is simplifying prep processes and reducing operational complexity to create room for menu innovation [49][50] - The company expects iterative improvements in prep, quality, and labor savings [52] Question: Same-store sales trends and marketing approach - September was the strongest month in Q3, with momentum carrying into October [55] - Sweetgreen is evolving its marketing approach, focusing on a full-funnel strategy and community engagement [56][57] Question: Infinite Kitchen retrofits - The company is prioritizing retrofits based on AUVs and labor market challenges [61][62] - Labor savings from Infinite Kitchen retrofits are expected to improve over time [63] Question: AUVs at Infinite Kitchen stores - Sweetgreen expects AUVs to grow over time at Infinite Kitchen locations due to faster throughput and higher customer satisfaction [66][67] Question: Labor optimization and inflation - Labor optimization has driven year-over-year favorability, with further improvements expected from AI scheduling tools [69][70] - Food and labor inflation was approximately 2% in Q3 [70] Question: Reinvesting labor savings - Near-term labor savings from Infinite Kitchen will drop to the company's margin [75] - The new AI labor tool aims to improve both customer and team member experience [76][77] Question: Menu expansion and operational complexity - Sweetgreen is focused on simplifying operations to make room for new menu items [78][79] Question: Same-store sales in mature markets - The company does not break out same-store sales by market but reported a 6% comp overall [83] Question: Cost of Infinite Kitchen retrofits - Retrofits typically take six to seven weeks, with costs varying by store [85] Question: Impact of steak on COGS - Steak has a higher COGS but did not significantly impact overall COGS in Q3 [86] Question: Infinite Kitchen manufacturing costs - Sweetgreen expects to see manufacturing cost savings as it scales Infinite Kitchen production [88][89] Question: Sales trends in September and October - Sales accelerated in September and October, driven by seasonal menu items and emerging markets [93][95] Question: New unit economics - Infinite Kitchen units have higher build-out costs but offer a 700 basis point margin improvement [97] Question: Margin expansion outlook - Sweetgreen is not providing 2025 margin guidance at this time but expects to do so in the next earnings call [103]

Mueller Water Products, Inc. (NYSE:MWA) Q4 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Martie Zakas - CEO Steve Heinrichs - CFO Paul McAndrew - President & COO Whit Kincaid - IR Conference Call Participants Deane Dray - RBC Capital Markets Mike Halloran - Robert W. Baird Joe Giordano - TD Cowen Brian Lee - Goldman Sachs Walt Liptak - Seaport Research Operator Good morning, and thank you for standing by. [Operator Instructions] Today's call is also being recorded. If you h ...

Vivid Seats Inc. (NASDAQ:SEAT) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Kate Africk - Head, Investor Relations Stan Chia - Chief Executive Officer Larry Fey - Chief Financial Officer Conference Call Participants Andrew Marok - Raymond James Maria Ripps - Canaccord Ryan Sigdahl - Craig-Hallum Capital Group Daniel Kurnos - The Benchmark Company Cameron Mansson-Perrone - Morgan Stanley Thomas Forte - the Maxim Group Ralph Schackart - William Blair Operator Good morning, ...

Fennec Pharmaceuticals Inc. (NASDAQ:FENC) Q3 2024 Earnings Conference Call November 9, 2024 8:30 AM ET Company Participants Robert Andrade - Chief Financial Officer Jeff Hackman - Chief Executive Officer and Director Conference Call Participants Chase Knickerbocker - Craig-Hallum Raghuram Selvaraju - H.C. Wainwright Operator Good morning, ladies and gentlemen, and welcome to Fennec Pharmaceuticals Third Quarter 2024 Earnings and Corporate Update Conference Call. At this time, all participants are in listen- ...

Call Start: 17:00 January 1, 0000 5:26 PM ET Inogen, Inc. (NASDAQ:INGN) Q3 2024 Earnings Conference Call November 7, 2024, 5:00 PM ET Company Participants Ryan Peterson - Investor Relations Kevin Smith - President and CEO Mike Bourque - Chief Financial Officer Conference Call Participants Rohin Patel - JPMorgan Mike Matson - Needham Operator Welcome to Inogen’s Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following management’s prepared remarks, we w ...