Weg S.A. (WEGZY)
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WEG S.A. (WEGZY) Q3 2024 Earnings Call Transcript
WEG S.A. (OTCPK:WEGZY) Q3 2024 Earnings Call October 31, 2024 10:00 AM ET Company Participants André Luis Rodrigues - Chief Financial Officer Andre Menegueti Salgueiro - Chief Finance and Investor Relations Officer Wilson Watzko - Controller Felipe Scopel Hoffman - Investor Relations Manager Conference Call Participants Daniel Gasparete - Itau BBA Lucas Laghi - XP Lucas Marquiori - BTG Pactual Joan Frizo - Goldman Sachs Rogerio Araujo - Bank of America Alberto Valerio - UBS Andre Mazini - Citi Marcelo Motta - JPMorgan Andre Ferreira - Bradesco BBI Jens Spiess - Morgan Stanley Operator Good morning and welcome to WEG's Conference Call and the Results for the Third Quarter 2024. [Operator Instructions] If we don't have time to answer all the questions live, feel free to send your questions to our e-mail address, [email protected] and we will reply after the end of the conference call.
WEG Q3: There Is No Room For Modest Results
WEG reported decent results in 3Q24, with revenues growing modestly, driven by international performance and exchange rate variation. The company's margins were stable in the quarter, amid the integration of Regal Rexnord assets, which increased SG&A expenses. Although the result was not bad, the company has a stretched valuation and more is expected from WEG to justify this valuation.
WEG S.A. (WEGZY) Q2 2024 Earnings Call Transcript
WEG S.A. (OTCPK:WEGZY) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Andre Luis Rodrigues - Financial Administrative Superintendent Director Menegueti Salgueiro - Chief Financial Officer & Investor Relations Officer Conference Call Participants Rogério Araújo - Bank of America Andre Pereira - Bradesco Lucas Laghi - XP Lucas Marquiori - BTG Pactual André Mazini - Citi João Frizo - Goldman Sachs Jens Spiess - Morgan Stanley Daniel Gasparete - Itau BBA Alberto Valerio - UBS Marcelo Motta - JPMorgan Lucas Barbosa - Santander Operator Good morning, and welcome to WEG's Conference Call to Announce the Results of the Second Quarter of 2024. I would like to highlight that simultaneous translation is available on the platform, on the interpretation bottom in the globe icon at the bottom of the screen.
WEG Q2: Excellent Results And Stretched Valuation
The company showed strong revenue growth due to M&A. Organic growth was 9%. The big highlight was the increase in margins, which the market was afraid would worsen due to the incorporation of Regal Rexnord assets. Although the company has a lot of quality, its valuation is very stretched, making it impossible to recommend buying the shares.
