This was due to increased selling expenses both in South America to support our new business in Ecuador, the largest banana-growing country in the world, and increased travel coupled with additional R&D and regulatory costs, which represent a continued investment in our future with a concurrent defense of our registrations.

Mar 14, 2024 / CFO / receipt, needs a key / David Johnson, CFO | earnings call 2024-03-14 | transcript 7adba830-5629-43f2-9817-3ba57fa6661f | chars 10216-10541 | segment 10

In the third quarter of 2023, as compared to the same period of the prior year, we experienced inflation-related higher wages, increased spending related to our SIMPAS system, and expanded state product registrations in Brazil, offset by lower legal expenses, reduced travel costs, and incentive compensation expenses reflecting our financial performance.

Nov 8, 2023 / CFO / receipt, needs a key / David Johnson, CFO | earnings call 2023-11-08 | transcript 0e009cae-2067-4a3a-8163-3ddb663792dc | chars 8940-9295 | segment 8

There are several factors driving this result, including increased travel expenses and continued investment in various R&D activities in support of our growing business, substantially offset by lower incentive compensation accruals reflecting business performance.

Aug 8, 2023 / CFO / receipt, needs a key / David Johnson, CFO | earnings call 2023-08-08 | transcript e682f7b0-5a97-4b3e-9c68-89c72ba2b3a7 | chars 9603-9867 | segment 9

We are seeing costs increase as the business is returning more and more to face-to-face meetings with counterparties and the concomitant travel expenses.

Nov 8, 2022 / CFO / receipt, needs a key / David Johnson, CFO | earnings call 2022-11-08 | transcript eb2bbf92-6b7f-4188-8737-34443d8ea2cf | chars 11651-11804 | segment 11

Our operating expenses have increased primarily as a result of the new businesses acquired in the final quarter of 2020. Increased performance-linked incentive compensation, legal costs, Some increases in travel and costs associated with the volume changes such as freight and warehouse costs.

Nov 8, 2021 / CFO / receipt, needs a key / David Johnson, CFO | earnings call 2021-11-08 | transcript cc5def5a-a460-4cdd-ae51-96ab17c2508b | chars 17494-17787 | segment 18

On the other hand, as you will see in our financial statements, the same restrictions and foreign exchange rate movements have caused us to spend less on operating expenses, including travel.

Mar 11, 2021 / CFO / receipt, needs a key / David Johnson, CFO | earnings call 2021-03-11 | transcript 754628b1-8a5c-4d8e-904a-c803dc8e5208 | chars 5422-5613 | segment 5

As we have reported for prior periods this year, our operating expenses were reduced because travel and entertainment costs were lower. as a result of pandemic restrictions in all jurisdictions in which we operate.

Nov 9, 2020 / CFO / receipt, needs a key / David Johnson, CFO | earnings call 2020-11-09 | transcript 7c4c27af-7067-46cd-b8f9-b9e0d3c3a9c1 | chars 9921-10135 | segment 10

We have spent less on travel and entertainment because of pandemic restrictions, Both short and long-term incentive compensation is tied to financial performance and has reduced in 2020 compared to 2019.

Nov 9, 2020 / CFO / receipt, needs a key / David Johnson, CFO | earnings call 2020-11-09 | transcript 7c4c27af-7067-46cd-b8f9-b9e0d3c3a9c1 | chars 10855-11058 | segment 11