Still getting better as they speak: strength that has continued or built past the reported period, tied to named live dr
The model's full reasoning — Q2 2021 call → NOWe need to determine if management conveys that positive momentum has continued or strengthened beyond the reported quarter, and ties it to a named, already-live driver. We have the transcript. Management (Rob Holmes and Julie Anderson) discuss various actions and progress. Key points: - Rob mentions they delivered on commitments, transitioned correspondent lending, sold MSR, strengthened capital, etc. - He says: "We executed a number of those as material declines in refinance volume came to fruition, and we are now better positioned going into the third quarter. In fact, we gained market share in the back half of the second quarter." - Also: "The third quarter is off to a very strong start as well. John Larson has been appointed Head of Homebuilder... We are also excited to see the partnership... We are making tremendous progress, and we will have more significant talent announcements soon." - Later: "Over the past quarter, I've been lucky to spend significant amounts of time in our markets... Our current teams are fully invested and prospective bankers are telling us this is an opportunity... this quarter, we have added more client facing professionals than at any point in our history." - Julie mentions: "Net of PPP, we saw growth in the core LHI portfolio and see momentum going into the third quarter." - Also: "We experienced another quarter of average growth in non-interest bearing deposits... We will continue to actively manage the portfolio mix and focus on growth in treasury relationship... momentum is positive and gaining traction." - Regarding mortgage finance: "I think third quarter, we'll have a good mortgage finance quarter. In fourth quarter, while we see some seasonality, maybe." This is guidance though. We need to see if management explicitly says that the strength continues beyond the reported period and ties it to a named driver. The question asks for "real business activity" that is "still running at the time management is speaking." They mention gaining market share in back half of Q2, and better positioned for Q3. Also "third quarter is off to a very strong start" due to John Larson's appointment? That's a new hire, not necessarily a driver of current activity. They also mention hiring more client facing professionals, but that's not a driver of ongoing strength.
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|---|---|---|---|---|
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| DM | Desktop Metal, Inc. | Q2 2022 | 2022-08-08 | F |
| FLR | Fluor Corporation | Q2 2022 | 2022-08-05 | D |
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| ESE | ESCO Technologies Inc. | Q2 2016 | 2016-05-03 | A |
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GES · Q1 2017 → YESThe question is about whether management conveys that the business's positive momentum has continued or strengthened beyond the period being reported, tied to a named, already-live driver. YES Management describes continued strength in Europe retail comps into Q2 ("up in the low double digits... maintaining the strong momentum we have seen since the second half of last year") and ties it to a specific, live driver: improved traffic and conversion rates. The wholesale order book also finished up 3%, confirming 3% growth in orders already placed. Product improvements are explicitly named as the underlying driver ("we are having a more comprehensive collection... improve our comps by generating more traffic... improve the product that we are offering"). This meets both criteria for continuation beyond the reported period tied to a named live driver.
ILMN · Q1 2018 → YESThe question is about whether management conveys that the business's positive momentum has continued or strengthened beyond the reported period, tied to a named, already-live driver. YES Management describes the sequencing consumables business as having "very exciting" trajectory and "tremendous momentum" that is "still in place" into the rest of 2018, explicitly tied to observed drivers already generating revenue in Q1 (NovaSeq, NextSeq, microarray, consumer genomics, oncology) and 2018 activity such as "approaching 100 orders" for iSeq and "growing interest" in single-cell research. They raise guidance based on these continuing trends rather than forecasts alone, confirming the strength has extended past the reported period through live business activity.
WRB · Q1 2022 → YESThe question is: Does management convey that the business's positive momentum HAS CONTINUED OR STRENGTHENED BEYOND THE PERIOD BEING REPORTED, and tie that to at least one NAMED, ALREADY-LIVE driver? ...NO The transcript shows management expressing confidence in Q1 momentum (especially March and later-quarter submissions in specialty/E&S) and noting that "every day that we are writing business in 2022 that goes by" is positive, but this is framed as ongoing daily activity within the current year rather than observed strength beyond the 2022 Q1 close. The call is April 25, 2022, so any post-quarter commentary is limited to general market trajectory comments without specific post-period-end activity metrics.