Posted in home improvement loans

KB Home (KBH) CEO Jeff Mezger on Q3 2020 Results – Earnings Call Transcript

KB Home (NYSE:KBH) Q3 2020 Earnings Conference Call September 22, 2020 5:00 PM ET

Company Participants

Jill Peters – SVP, IR

Jeff Mezger – Chairman, President and CEO

Matt Mandino – EVP and COO

Jeff Kaminski – EVP and CFO

Bill Hollinger – SVP and Chief Accounting Officer

Thad Johnson – SVP and Treasurer

Conference Call Participants

Matt Bouley – Barclays

Stephen Kim – Evercore ISI

Alan Ratner – Zelman & Associates

Truman Patterson – Wells Fargo

John Lovallo – Bank of America

Buck Horne – Raymond James

Mike Dahl – RBC Capital Markets

Michael Rehaut – JPMorgan

Jay McCanless – Wedbush

Good afternoon. My name is Devon, and I will be your conference operator today. I would like to welcome everyone to the KB Home 2020 Third Quarter Earnings Conference Call.

At this time, all participants are in a listen-only mode. Following the company’s opening remarks, we will open

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Posted in home

UBS CEO Says It’s Hard to Sustain Culture Working at Home

(Bloomberg) — UBS Group AG Chief Executive Officer Sergio Ermotti added his voice to a chorus of finance executives concerned about having so many employees working remotely.

It’s especially difficult for banks to create and sustain cohesiveness and a culture when employees stay at home, he said at a Bank of America conference on Tuesday. A rate of 85% of people working remotely is “not sustainable” for banks and a normal level for UBS should be about 20% to 30% at any time.



Sergio Ermotti wearing a suit and tie: Day Three Of The World Economic Forum (WEF) 2020


© Bloomberg
Day Three Of The World Economic Forum (WEF) 2020

Sergio Ermotti

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Photographer: Simon Dawson/Bloomberg

JPMorgan Chase & Co. CEO Jamie Dimon said last week that he sees prolonged remote work inflicting serious social and economic damage, while BlackRock Inc. Chief Executive Officer Larry Fink said he worries that working remotely results in a lack of productivity and collaboration.

While some big Wall Street

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Posted in remodeling

22-Year-Old CEO on Remodeling Homes and Building a Legacy

NEW YORK, NY / ACCESSWIRE / September 19, 2020 / Success is a product of years of discipline. Since his teenage years, stock trader Matthew Bonnafoux has dived into several business ventures. He learned through his experiences, faced many obstacles, and had to overcome failure. Today, Matthew is the CEO of Elite Luxury Design, one of the leading companies in the home renovation scene in New Mexico.

Matthew grew up with a goal to succeed as a stock trader and entrepreneur. Now at 22, he is managing his own luxury home remodeling company. After three months into the business, the company has earned over $150,000 under Matthew’s leadership and his team’s unparalleled performance. Elite Luxury Design is currently valued at $2.4 million, and it continues to expand its influence nationwide.

Elite Luxury Design is known for its incredible quality of work. “We follow core and valuable morals and ethics such

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Posted in remodeling

22-Year-Old CEO on Remodeling Homes and Building a Legacy – Press Release

NEW YORK, NY / ACCESSWIRE / September 19, 2020 / Success is a product of years of discipline. Since his teenage years, stock trader Matthew Bonnafoux has dived into several business ventures. He learned through his experiences, faced many obstacles, and had to overcome failure. Today, Matthew is the CEO of Elite Luxury Design, one of the leading companies in the home renovation scene in New Mexico.

Matthew grew up with a goal to succeed as a stock trader and entrepreneur. Now at 22, he is managing his own luxury home remodeling company. After three months into the business, the company has earned over $150,000 under Matthew’s leadership and his team’s unparalleled performance. Elite Luxury Design is currently valued at $2.4 million, and it continues to expand its influence nationwide.

Elite Luxury Design is known for its incredible quality of work. “We follow core and valuable morals and ethics such

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Posted in home

What Did NRW Holdings’ (ASX:NWH) CEO Take Home Last Year?

Jules Pemberton became the CEO of NRW Holdings Limited (ASX:NWH) in 2010, and we think it’s a good time to look at the executive’s compensation against the backdrop of overall company performance. This analysis will also evaluate the appropriateness of CEO compensation when taking into account the earnings and shareholder returns of the company.

View our latest analysis for NRW Holdings

How Does Total Compensation For Jules Pemberton Compare With Other Companies In The Industry?

Our data indicates that NRW Holdings Limited has a market capitalization of AU$934m, and total annual CEO compensation was reported as AU$3.0m for the year to June 2020. That’s a notable increase of 31% on last year. We think total compensation is more important but our data shows that the CEO salary is lower, at AU$1.2m.

On comparing similar companies from the same industry with market caps ranging from AU$545m to AU$2.2b, we found that

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Posted in home improvement storest

Lowe’s underwent an online makeover just in time for the surge in home improvement spending by customers, CEO says



a car parked in front of a building: Lowe's CEO Marvin Ellison has long championed revamping the company's e-commerce capabilities. Bruce Bennett/Getty Images


© Bruce Bennett/Getty Images
Lowe’s CEO Marvin Ellison has long championed revamping the company’s e-commerce capabilities. Bruce Bennett/Getty Images

  • According to Lowe’s CEO Marvin Ellison, the company has invested extensively in e-commerce since he took the helm in 2018.
  • That e-commerce overhaul — which saw the company prioritize its new store app and a shift to the cloud — couldn’t have happened at a better time.
  • The coronavirus pandemic has seen consumers rely heavily on online shopping, as many look to complete projects around their homes.
  • Ellison and Lowe’s CFO David Denton spoke Wednesday at the annual Goldman Sachs Global Retailing Virtual Conference.
  • Visit Business Insider’s homepage for more stories.

Lowe’s’ long-awaited e-commerce revamp came at just the right time for the company to reap the rewards of the surge in home improvement spending during the coronavirus pandemic, according to CEO Marvin Ellison.

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Posted in home

What Did Concho Resources’ (NYSE:CXO) CEO Take Home Last Year?

Tim Leach has been the CEO of Concho Resources Inc. (NYSE:CXO) since 2006, and this article will examine the executive’s compensation with respect to the overall performance of the company. This analysis will also look to assess whether the CEO is appropriately paid, considering recent earnings growth and investor returns for Concho Resources.

Check out our latest analysis for Concho Resources

How Does Total Compensation For Tim Leach Compare With Other Companies In The Industry?

At the time of writing, our data shows that Concho Resources Inc. has a market capitalization of US$8.9b, and reported total annual CEO compensation of US$13m for the year to December 2019. That’s mostly flat as compared to the prior year’s compensation. While we always look at total compensation first, our analysis shows that the salary component is less, at US$1.1m.

On comparing similar companies from the same industry with market caps ranging from US$4.0b

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Posted in home remodeling

The Home Depot, Inc. (HD) CEO Craig Menear Presents at Goldman Sachs 27th Annual Global Retailing Virtual Conference Call Transcript

The Home Depot, Inc. (NYSE:HD) Goldman Sachs 27th Annual Global Retailing Virtual Conference September 10, 2020 11:40 AM ET

Corporate Participants

Craig Menear – Chief Executive Officer

Ted Decker – EVP Merchandising

Conference Call Participants

Kate McShane – Goldman Sachs

Kate McShane

Everyone thank you for joining us for our Virtual Lunch Presentation. My name is Kate McShane, I’m the hardline, broadline analyst here at Goldman Sachs. It’s my pleasure today to introduce the members of the management team from the Home Depot.

Home Depot reported second quarter results recently with comps up over 23% with broad based strength throughout the quarter, all month for over 20% in every region comps double-digit and strong demand was carried through to the first two weeks of August with comps still at similar levels, 13 of 14 merchandise departments posted double-digit comps with DIY still outperforming but Pro accelerating meaningfully versus Q1.

We’re

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Posted in home

Five Below CEO Joel Anderson on back-to-school shopping this fall

Five Below CEO Joel Anderson told CNBC on Wednesday that the discount retailer has seen positive signs from back-to-school shopping despite the coronavirus pandemic shifting many districts across the U.S. into remote learning arrangements this fall. 

“The merchants did a great job pivoting, and we’re seeing a great back-to-school season, albeit it’s very different than the traditional season — all about backpacks and pencils,” Anderson said on “Closing Bell.”  

Instead, Anderson said, consumers have been favoring items that can help make learning from home a more enjoyable experience for children who live in places where in-person instruction has been canceled or delayed. 

“Depending on the state, the municipality, they’re going back in their homes and they want to create an environment that makes school comfortable being at home, Zooming,” he said, referencing the videoconferencing provider Zoom.

Back-to-school shopping is a critical period for many U.S. retailers, but the changing dynamics

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Posted in home remodeling

Power Home Remodeling CEO Asher Raphael on Why Perma-Work-From-Home Is a Mistake

Q&A

Might want to read this before splurging on that ergonomic home-office chair you’ve been eyeing.


power home remodeling

Power Home Remodeling co-CEO Asher Raphael thinks the office is irreplaceable. He’s right: You can’t play ping pong from your home office! Photos courtesy of Power Home Remodeling.

When you think of stereotypically “utopian” workplaces, your mind likely heads straight to Silicon Valley startups, flush with juice bars, mini-golf putting greens, gigantic slides, you get the idea. Where your mind almost certainly doesn’t go is to a home remodeling company. And yet, Power Home Remodeling, based in Chester, is routinely ranked as one of the top workplaces in the country. Do they have a slide? No. But there are ping pong tables! Perhaps even more impressively, they take their employees (some 1,800 people) on an

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