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Main Street Capital (NYSE: MAIN) Q3 2024 Earnings Call Nov 08, 2024 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the Main Street Capital third-quarter earnings conference call. Image source: The Motley Fool. You may begin.
Meanwhile, the company's second-largest unit, vacuum trucks -- which accounts for 22% of sales -- is benefiting from the ongoing adoption of safe digging practices across North America. While only 19 states had adopted safe digging as a bestpractice as of 2020, several more appear to be in the pipeline.
We lowered our capital intensity, reaching our FY '25 target of less than 6.5% With lower capex and higher free cash flow, we returned nearly $4 billion to stockholders. And we meaningfully improved our return on investedcapital. Capital expenditures for the quarter were $1.2 a year early.
We begin by thanking our colleagues around the world, including the 7,700 colleagues who welcome from NFP for the great work they do to deliver for clients, on each of the three pillars of our 3x3 plan, delivering risk capital and human capital solutions through our Aon client leadership model, scale by the Aon business services platform.
On the commercial side of the business, investments we've made to capitalize on a multibillion-dollar growth opportunity in the B2B space continue to pay dividends. This step aligns with corporate governance bestpractices. This is slightly down versus last year, driven by working capital timing. Please proceed.
With these last couple of acquisitions, it's starting to speak that same language about cost and opportunity and return on investment. Dylan Lewis: To be clear, the market is rewarding them for that investment today. We've heard Jensen Huang making this very argument. Before this year, AMD wasn't able to make it.
This includes embedding retail bestpractices across the enterprise, identifying operational efficiencies, and ensuring we have the right organizational structure in place to enable our future success. And our next question comes from the line of Simeon Siegel from BMO Capital Markets. Best of luck for the rest of the year.
Everything we do must focus relentlessly on delivering a best-in-class franchisee experience and maximizing franchisee profitability. Challenge number three is figuring out where are we going to allocate our capital. million in net cash received from borrowing debt for lease termination liquidity and general working capital needs.
Examples of these statements include our expectations regarding future growth, including our 2024 outlook, capital allocation, and future operating performance. In fact, I believe market access and cost of capital advantages may be of even more strategic importance in this cycle than they were over the last decade.
We're excited about the trends we're seeing in the industry and energized by our plans to capitalize on them. These include the impacts from the CRB to capital royalty rate increase, a copyright settlement, and an extra reporting week. So, I would say speculating on those is probably not the bestpractice. Thanks so much.
Get started with these actionable tips and bestpractices. Increased client inquiries, conversions, and a tangible return on investment (ROI). Schedule a Strategy Session Now The earlier you start, the better positioned you are to capitalize on opportunities. How can you set your business up for growth in 2025?
We're committed to continued disciplined capital deployment. We're also making investments in technology to make it easier for our team members to serve our guests. Now, I'd like to turn to capital deployment and briefly reiterate our long-standing priorities. We're focused on continued expansion of our operating margin rate.
As I described in our call three months ago, store teams this year have been focused on reinforcing bestpractices that support the retail fundamentals Christina highlighted earlier. Now, I want to turn briefly to capital deployment and start with our priorities, which have served us well for decades.
Beyond product availability, our store teams continue to focus on retail fundamentals and operational excellence, ensuring we maintain bestpractices, particularly when it comes to the guest experience. Now, I want to turn to capital deployment and briefly reiterate our priorities, which have been consistent for several decades.
In total last year, our store teams rolled out new training on 25 separate bestpractices, and we've seen the benefit in our recent guest surveys. And finally, after tax return on investedcapital expanded by well over 3 percentage points from 12.6% billion last year. in 2022 to 16.1% billion and $5.5
Advertisers and vendors consistently cite ease which they're able to deliver, creative campaigns that provide a strong return on investment. It's a model that delivers speed and efficiency in a capital-light manner. Regarding capital deployment, I'll first reiterate our long-standing priorities. We are a style authority.
the crypto capital of the planet. And finally, we're just so well-positioned to capitalize on these new regulatory tailwinds. Generally, we believe building a strong balance sheet provides us maximum optionality to capitalize on whatever opportunity we find as they arise. It's a one-year return on investment.
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