Winning is getting easier: management describes the effort needed to land each new piece of business visibly falling, wi
The model's full reasoning — Q3 2017 call → NOWe need to determine if management conveys that it has recently become easier for the company to win business than it used to be, with real recent proof and still in effect. Let's scan the transcript for relevant statements. Scott Anderson mentions: "The new customer relationships we are creating through expanded equipment offerings we believe will lead to new consumable relationships." That's about future potential, not current ease. He also says: "We were pleased to achieve modest CEREC growth in the quarter." That's growth, not necessarily easier. He mentions: "Our performance is the core equipment category during the third quarter was a bright spot. In fact, it was the strongest quarter we've had in this product category since calendar 2009." That's strong performance, but not necessarily about winning business being easier. It could be due to market conditions or other factors. He talks about the sales force realignment: "We have had extensive conversations with customers... about how their needs are evolving." That's not about ease. He mentions: "The new customer relationships we are creating through expanded equipment offerings we believe will lead to new consumable relationships." That's a belief about future. He says: "We are pleased with the progress we have made with our newest customer, Heartland Dental. We devoted the month of January to implementation and are now getting close to being fully operational with all of their offices. Based on the feedback from Heartland, this relationship is off to an outstanding start and we are excited about the potential it holds." That's a specific win, but does it convey that winning business has become easier? It's a new customer, but no comparison to past difficulty. He also says: "We have a long history of collaborating with our manufacturer partners... Patterson Animal Health is the distributor of choice in the animal health industry." That's about reputation, but not about ease of winning. Ann Gugino mentions: "If you look at the accounts that were not impacted by the sales force changes, we're definitely growing at market or better in those accounts." That's about growth, not ease. She also says: "The upside opportunity from these actions is much greater than the current business lost." That's about potential.
| 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+ |
| VRNS | Varonis Systems, Inc. | Q2 2016 | 2016-08-09 | B+ |
| ACCO | ACCO Brands Corporation | Q1 2016 | 2016-04-27 | B+ |
ACCO · Q1 2016 → YESThe question is: Does management convey that IT HAS RECENTLY BECOME EASIER FOR THE COMPANY TO WIN BUSINESS THAN IT USED TO BE, based on real recent wins, and still in effect. YES The transcript shows management conveying that winning business has become easier than in the company's recent past. Boris Elisman states that customers have seen the value of the company's strong brands during the past couple of seasons, resulting in broader and deeper penetration in mass retailers and continued share gains.
NICE · Q4 2023 → YESThe question is: Does management convey that IT HAS RECENTLY BECOME EASIER FOR THE COMPANY TO WIN BUSINESS THAN IT USED TO BE, grounded in real business won recently, and still in effect.
VRNS · Q2 2016 → YESThe question is whether management conveys that it has recently become easier for the company to win business than it used to be, grounded in real recent wins, and still in effect.