Vacasa, Inc. (NASDAQ:VCSA) Q3 2024 Earnings Call Transcript November 7, 2024 5:00 PM ET Company Participants Ryan Domyancic - Investor Relations Rob Greyber - Chief Executive Officer Bruce Schuman - Chief Financial Officer Conference Call Participants Operator Thank you for standing by. At this time, I’d like to welcome everyone to the Third Quarter 2024 Vacasa Earnings Conference Call. [Operator Instructions] I would like to turn the call over to Ryan Domyancic, Investor Relations. Please go ahead. Ryan Do ...

ScanSource, Inc. (NASDAQ:SCSC) Q1 2025 Earnings Conference Call November 7, 2024 10:30 AM ET Company Participants Mary Gentry - Senior Vice President, Treasurer and Investor Relations Mike Baur - Chair and Chief Executive Officer Steve Jones - Senior Executive Vice President, Chief Financial Officer Conference Call Participants Greg Burns - Sidoti Keith Housum - Northcoast Research Michael Latimore - Northland Securities Logan Katzman - Raymond James Operator Welcome to the ScanSource Quarterly Earnings Con ...

Financial Data and Key Metrics - Total revenue increased to $136.6 million, a company record for any quarter [7] - GAAP net income grew 106.4% to $32.1 million, another company record [7] - Adjusted net income increased 116.2% year-over-year to $28.8 million [7] - Annualized average yield increased by 5.4 percentage points to 133.9% [8] - Annualized net charge-off rate improved by 8.1 percentage points to 34.3% [8] - Total expenses as a percentage of total revenue decreased by 400 basis points to 41.1% [8] - Net income margin increased by 1,180 basis points to 23.5%, while adjusted net income margin expanded by 1,110 basis points to 21.1% [8] Business Line Data and Key Metrics - Total net originations increased 11.8% to $218.8 million, while total retained net originations increased 4.0% to $198.4 million [12] - 53.2% of originations were to existing customers and 46.8% were to new customers [13] - New customer originations increased by 18.8% year-over-year, while existing customer originations increased by 6.3% [13] - Annualized net charge-off rate as a percentage of average receivables decreased by 860 basis points to 45.9% [14] Market Data and Key Metrics - The company has a funding capacity of $599.2 million, including $199.4 million of unused debt capacity under financing facilities [16] Company Strategy and Industry Competition - The company has successfully executed on operational initiatives designed to ensure continued future profitability growth [9] - Plans to integrate AI-based enhancements in the operating model going into 2025 [9] - The company aims to build a leading credit access and financial services platform with a suite of digital financial service products [10] - The company made an equity investment in Bitty to enter the small business financing market [10] Management Commentary on Operating Environment and Future Outlook - The company raised full-year earnings guidance for the third time this year due to strong performance [6] - The company expects positive momentum to continue into 2025 with first-quarter adjusted net income growth in excess of 15% year-over-year [18] - The company plans to introduce full-year 2025 guidance when reporting 2024 full-year results in March [18] Other Important Information - The company has cash, cash equivalents, and restricted cash of $74.2 million, total debt of $325.6 million, and total stockholders' equity of $220.3 million as of the end of the third quarter [16] - The company increased its adjusted net income guidance for the full year 2024 to $74 million to $76 million, representing a 17% increase from the prior range [17] Q&A Session Question: Improvement in Yields - The improvement in yields is due to a combination of better credit performance, higher repayment rates, and the retirement of lower risk-based pricing initiatives [20] Question: Priorities for 2025 - The company is focused on growth, operational efficiencies, and integrating AI tools into operations [21] Question: Capital Allocation - The company is considering special dividends and strategic M&A initiatives for capital allocation [23] Question: Strategic M&A Initiatives - The company is looking for highly accretive opportunities that align with its vision of being a platform for digital alternative financial service products [26] Question: Confidence in Raising Guidance - The company is confident in raising guidance due to strong credit performance, especially in the existing book, and disciplined cost management [27] Question: Macro Catalysts - The company is monitoring potential Fed rate cuts and their impact on interest costs [28]

Braskem S.A. (NYSE:BAK) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Rosana Avolio - IR, Strategic Planning & Corporate Market Intelligence Director Roberto Bischoff - CEO Pedro Freitas - CFO Conference Call Participants Rodrigo Almeida - Santander Vicente Falanga - Bradesco BBI Tasso Vasconcellos - UBS Gabriel Barra - Citi Pedro Soares - BTG Pactual Leonardo Marcondes - Bank of America Regis Cardoso - XP, Inc. Operator Good morning and thank you for waiting. Welcome to ...

Olaplex Holdings, Inc (NASDAQ:OLPX) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Patrick Flaherty - Vice President, Investor Relations Amanda Baldwin - Chief Executive Officer Catherine Dunleavy - Chief Operating Officer & Chief Financial Officer Conference Call Participants Jonna Kim - TD Cowen Ashley Helgans - Jefferies Alec Legg - Canaccord Korinne Wolfmeyer - Piper Sandler Shovana Chowdhury - J.P. Morgan Lauren Lieberman - Barclays Olivia Tong - Raymond James Rob Otte ...

Tile Shop Holdings, Inc (NASDAQ:TTSH) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Ken Cooper - Investor Relations Cabell Lolmaugh - Chief Executive Officer Mark Davis - Chief Financial Officer Operator Good day, and thank you for standing by. Welcome to the Q3 2024 Tile Shop Holdings, Inc., Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today ...

Prestige Consumer Healthcare Inc (NYSE:PBH) Q2 2025 Results Conference Call November 7, 2024 8:30 AM ET Company Participants Phil Terpolilli - Vice President, Investor Relations Ron Lombardi - Chairman, President & Chief Executive Officer Chris Sacco - Chief Financial Officer Conference Call Participants Rupesh Parikh - Oppenheimer Susan Anderson - Canaccord Anthony Lebiedzinski - Sidoti & Co. Operator Good day, ladies and gentlemen, and welcome to Prestige Consumer Healthcare's Second Quarter 2025 Earnings ...

Excelerate Energy, Inc. (NYSE:EE) Q3 2024 Results Conference Call November 7, 2024 8:30 AM ET Company Participants Craig Hicks - Vice President, Investor Relations Steven Kobos - President & Chief Executive Officer Dana Armstrong - Chief Financial Officer Oliver Simpson - Chief Commercial Officer David Liner - Chief Operating Officer Conference Call Participants Chris Robertson - Deutsche Bank Noah Katz - JPMorgan Michael Scialla - Stevens Robert Brooks - Northland Capital Markets Operator Hello, and welcom ...

GFL Environmental Inc. (NYSE:GFL) Q3 2024 Results Conference Call November 7, 2024 8:30 AM ET Company Participants Patrick Dovigi - Founder and CEO Luke Pelosi - Chief Financial Officer Conference Call Participants Saba Khan - RBC Capital Markets Patrick Brown - Raymond James Kevin Chiang - CIBC Jerry Revich - Goldman Sachs Devin Dodge - BMO Capital Market Konark Gupta - Scotiabank Bank James Schumm - TD Cowen Stephanie Yee - JPMorgan Brian Butler - Stifel Tobey Sommer - Truist Buddy Wiseman-Barker - Nation ...

Sprout Social, Inc. (NASDAQ:SPT) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Alex Kurtz - VP, IR Ryan Barretto - CEO, President Joe Del Preto - CFO Conference Call Participants Parker Lane - Stifel David Hynes - Canaccord Genuity Raimo Lenschow - Barclays Arjun Bhatia - William Blair Adam Hotchkiss - Goldman Sachs Elizabeth Porter - Morgan Stanley Thomas Shinske - Cantor Fitzgerald Brian Schwartz - Oppenheimer Jackson Ader - KeyBanc Capital Markets Robert Morelli - Need ...