Winning is getting easier: management describes the effort needed to land each new piece of business visibly falling, wi
The model's full reasoning — Q1 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. We need to look for statements that compare winning business now versus past, with actual wins, and attribute ease to company's own position. Scan the transcript for such statements. Key points: Michael McGarry discusses organic growth efforts, performance in various segments. He mentions "our organic growth efforts are taking hold." He says "we know how to do it, the teams are getting better at it. And I think it’s starting to take hold." But is that about ease of winning business? Possibly not specifically about resistance dropping. Look for specific mentions of win rates, easier sales, customers coming to them, etc. There is mention of technology-based growth opportunities, adoption of new coatings technology, etc. But is there a contrast against past? One part: "we have with relationships with our customers and we’ll continue to work with them in a very straight forward matter." That's about pricing. Another: "our outperformance in that segment has really been driven by technology and also because growth due to performance of the teams." That's about execution, not ease. Another: "We continue to far exceed our target... The team has opened up 45 new stores... ahead of our pace." That's about store expansion, not necessarily ease. Another: "we believe the market reaction reflects it..." Not relevant. Another: In response to Robert Koort about organic growth, Michael says: "our organic growth efforts are taking hold... As you know, we started on this about two years ago... the teams are getting better at it. And I think it’s starting to take hold." He then says "It’s being masked though by the significant weakness in the marine segment... But on the protective side, all good." This suggests improvement, but does it say winning is easier? He doesn't explicitly compare to past difficulty. He says they are getting better at it, which could mean they are more successful, but not necessarily that it's easier due to company's reputation or customers arriving convinced. Look for statements about "customers already convinced" or "less selling required." Not present. Maybe there is a comment about "technology-based growth opportunities" but no explicit ease.
| 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.