Release Date: August 08, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: How is Acacia Research Corp thinking about the share buyback program? A: MJ McNulty, Chief Executive Officer, stated that the buyback is authorized and they are evaluating the timing for executing it. The company and the board are enthusiastic about the buyback, and it's just a matter of timing.
Q: Can you provide an expected range of revenues for Benchmark assets for the September quarter? A: MJ McNulty suggested looking at the investor deck for detailed revenue breakdowns and estimates for the third quarter, as it contains relevant data.
Q: Is the operating income ratio for Benchmark expected to remain at 22.5% of revenues? A: MJ McNulty explained that EBITDA related to revenue might be a better metric for assessing profitability. The business is performing as expected, and they have disclosed metrics around cash flow and pricing.
Q: What will drive increased revenues in the Benchmark business? A: MJ McNulty mentioned that the strategy involves optimizing existing wells and potentially partnering with others for drilling on acquired acreage. The focus is on operational improvements and cost optimization rather than drilling new wells.
Q: How is the turnaround in Printronix progressing, and is there a timeline for exiting if it doesn't succeed? A: MJ McNulty stated that the turnaround is progressing well, with a focus on higher-margin consumables and cost reductions. They are pleased with the progress and are not considering exiting the business at this time.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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