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 2024 call → NOWe need to determine if management conveys that winning business has become easier than in the past, with real recent proof, and still in effect. Scan the transcript for relevant statements. Brady Murphy and Elijio Serrano discuss various initiatives. Key points: - CS Neptune: "our outlook continues to improve, as in addition to another job for a super major in the North Sea that is confirmed in June, discussions with two different super majors, for two different projects in the Gulf of Mexico continue to evolve for projects that are scheduled for the fourth quarter of 2024 or early 2025. The level of discussions with operators in the Gulf of Mexico for CS Neptune projects has been the highest in several years, as many of the anticipated projects in our pipeline are moving forward." This suggests increased discussions and pipeline moving forward, but does it explicitly say winning is easier than before? It says "highest in several years" for discussions, but that's about volume of discussions, not necessarily ease of winning. Also, they have a confirmed job in June, but that's a single job. They mention discussions evolving, but not that it's easier to close. - Beneficial reuse: "we remain in close contact with Eos... We fully expect Eos to be up and running... In the coming weeks, we're hopeful to have our first commercial desalination for beneficial reuse contract in place... We're also in discussions for a one-year commercial pilot project in the New Mexico area... We're in the process of tying the legal terms and conditions together for these two projects, which has delayed our first project slightly but we're optimistic to close on both of these opportunities in the near-term." This is about future contracts, not yet won. They are hopeful, but not yet closed. So not real recent proof. - Bromine: "By the end of June, we hope to publish our Arkansas Bromine Definitive Feasibility Report... we expect Board approval to move forward with this project." That's future. - Lithium: "we continue advancing the FEED study... Before the end of this year, we expect to have our joint venture in place." Future. - Water & Flowback: "We did experience some Water Services ramp-up costs as activity levels rebounded." Not about ease of winning. - Completion Fluids: "strong Completion Fluids & Products adjusted EBITDA margins...
| 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.