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 2018 call → NOThe question asks whether management conveys that it has recently become easier for the company to win business than it used to be, grounded in real business won, and still in effect. Let me scan the transcript for relevant statements. Rich Harshman discusses the first quarter results, growth, and momentum. He mentions "solid top-line growth" and "product mix enhancements." John Sims discusses HPMC segment results, mentioning "strong demand for our enhanced next-generation jet engine products" and "the accretive power of the next-generation jet engine product mix." On the forging side, John Sims says: "As a result of the elevated aerospace and defense and construction and mining market demand, we experienced strong year-over-year and sequential growth in sales of our forge products. The resulting utilization increases across our isothermal and conventional forging assets generated significant incremental margin growth in the quarter including our recently announced fourth isothermal press, we believe that ATI is well positioned both in capability and capacity to continue to benefit from these trends well into the future." Rich Harshman, in response to a question about Boeing/Airbus derisking from Russia: "I think, Boeing and Airbus has, for the last year plus done a very good job of assessing the risk from any geopolitical actions as it pertains to Russia or any other parts of the world. So they have exercised their supply chain including ATI to make sure they understand what options they may have if those risks are encountered. I think and we've commented on this in the past that part of our emergent demand on the mill products side was probably a result of those kind of actions. And I think some of the opportunities on some of the forging side that we saw in 2017 and continue to see today was mostly likely a result of that." This is about demand driven by geopolitical risk mitigation, not about winning business becoming easier per se. Rich Harshman on forgings: "I think that, certainly on the forging side, we have seen emergent demand above the contractual share that we have won on certain parts. We saw that in 2017. We are seeing that in 2018. I think we'll continue to see that in 2018 and possibly beyond.
| 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.