Position doing the winning: current wins credited to a standing already held, with more arriving over it
The model's full reasoning — Q1 2017 call → NOWe need to determine if management credits an already-held standing as the cause of current wins, and conveys that more business is arriving over that same standing. Key points from transcript: - Energy markets group standout: "reflecting in large part the leadership position that ICF has attained in developing and implementing energy efficiency programs for utilities across the country." This is a standing (leadership position) that is causing current wins. Also mentions relationships with utility clients over years positioned them well. So current wins (energy efficiency programs) are due to already-held standing. - ICF Olson: "Since the acquisition, we have won over $75 million in revenue that neither firm could have won independently." That's a standing (combined capabilities) but that's historical. For current quarter: "ICF Olson succeeded in winning a lot of new work in this year's first quarter, and the pipeline of qualified new business opportunities is up significantly over year-end 2016 levels." That suggests current wins and pipeline, but is it due to standing? They mention "ICF Olson continues to differentiate ICF within our core client set." That's a standing. But the wins are attributed to that differentiation? Possibly. - For energy: "the relationships that we have developed with the utility clients over the years have positioned us well to assist them in working through related issues like planning around distributed energy for example." So standing (relationships) leads to current work. - Also: "ICF is one of the very few firms in the country that has the breadth and capabilities needed to develop strategies and programs around the complex issues facing the utility industry and implementing them." That's a standing. - For continuation: "This should lead to solid year-on-year comparisons in the second half of this year, and we are quite confident in the medium-term outlook for this business." That's more of a projection, but also "pipeline of qualified new business opportunities is up significantly" - that's a pipeline, not yet real.
| Ticker | Company | Call | Date | Call grade |
|---|---|---|---|---|
| NICE | NICE Ltd. | Q4 2023 | 2024-02-22 | B+ |
| ACGL | Arch Capital Group Ltd. | Q4 2023 | 2024-02-15 | B+ |
| CHT | Chunghwa Telecom Co., Ltd. | Q4 2023 | 2024-01-30 | C |
| IMAX | IMAX Corporation | Q2 2023 | 2023-07-26 | B+ |
| SPIR | Spire Global, Inc. | Q1 2023 | 2023-05-10 | B |
| FTHM | Fathom Holdings, Inc. | Q1 2023 | 2023-05-10 | C |
| BXSL | Blackstone Secured Lending Fund | Q1 2023 | 2023-05-10 | A |
| POOL | Pool Corporation | Q4 2022 | 2023-02-16 | C+ |
| EXFY | Expensify, Inc. | Q2 2022 | 2022-08-12 | D |
| HLIO | Helios Technologies, Inc. | Q1 2022 | 2022-05-10 | C |
| BXP | Boston Properties, Inc. | Q1 2022 | 2022-05-03 | A |
| GFS | GLOBALFOUNDRIES Inc. | Q3 2021 | 2021-11-30 | A |
| WMB | The Williams Companies, Inc. | Q3 2021 | 2021-11-02 | B |
| PRIM | Primoris Services Corporation | Q2 2018 | 2018-08-11 | C+ |
| ORAN | Orange SA | Q2 2018 | 2018-07-26 | B |
| ROK | Rockwell Automation, Inc. | Q4 2017 | 2017-11-08 | C |
| MKTX | MarketAxess Holdings Inc. | Q3 2017 | 2017-10-25 | C+ |
| LEA | Lear Corporation | Q2 2017 | 2017-07-26 | B+ |
| HPP | Hudson Pacific Properties, Inc. | Q4 2015 | 2016-02-25 | C |
EXFY · Q2 2022 → YESThe question is about whether management credits a standing the company already holds as the reason they're currently winning business, and that more is arriving over that same standing without a new ...YES The transcript shows management crediting their pre-existing bottom-up adoption model and differentiated platform position (already in place since day one, with SMB focus and unique acquisition mechanics) as the operative cause of current wins. This is evident in statements like the model being "overwhelmingly driving the success of our business" and competitors routing customers to them due to the same standing. Further business is conveyed as already arriving through the same position, with trends continuing and the best quarter ever achieved on that foundation, even as they note additional investments in sales and conferences.
FTHM · Q1 2023 → YESThe question is about whether management credits a standing the company already holds as the reason they're currently winning business, and if more business is arriving over that same standing without...YES The transcript shows management crediting the company's pre-existing low-cost flat-fee model, owned technology, and culture-driven retention as the durable standing already in place that is generating current wins (market share gains, 18% agent growth, 60% of March referrals, and transaction resilience vs. peers). They describe these as flowing directly from that standing rather than fresh effort, while conveying continuation through the referral program's ongoing positive impact and the model's ability to draw more agents without proportional new marketing push.
ORAN · Q2 2018 → YESThe question is about whether management credits a standing the company already holds as the reason they're currently winning business, and that more is arriving over that same standing without a new ...YES The transcript shows management repeatedly tying current wins (net adds, ARPU growth, EBITDA expansion) directly to a pre-existing durable position: the #1 convergent operator status already achieved through prior leadership in fixed/mobile networks and fiber rollout, plus the installed base of 10.