Inflation in wages, benefits, rent, professional fees, and T&E also contributed to the increase in operating expenses.
Aug 1, 2024 / receipt, needs a key / Prith Gandhi, CFO | earnings call 2024-08-01 | transcript daa29b19-5e2f-47c4-8a21-891e39a7412e | chars 16510-16628 | segment 17
These increases were partially offset by lower T&E and fleet expenses year-over-year.
Feb 27, 2024 / receipt, needs a key / Carmelo Caruba, Interim Chief Financial Officer | earnings call 2024-02-27 | transcript e3dafda0-f08e-4af4-bd6c-faf26588e9ef | chars 13467-13552 | segment 13
Inflationary pressures in areas such as wages and benefits and travel and entertainment also contributed to the increase.
Nov 2, 2023 / receipt, needs a key / Frank Linegro, CFO | earnings call 2023-11-02 | transcript 75b65ec6-7559-45a3-9e24-dfb841bd5e0d | chars 16031-16152 | segment 16
The year-over-year change in OPEX was driven by inflationary pressures in areas including wages and benefits, insurance, fleet and fuel, and travel and entertainment, as well as lease-related expenses such as rents and real estate taxes, utilities, and maintenance costs.
Feb 23, 2023 / receipt, needs a key / Frank Linegro, CFO | earnings call 2023-02-23 | transcript f8c13c54-2ac3-4954-8f29-fefed6b96259 | chars 14781-15052 | segment 14
The increase in OPEX in our existing business was driven by expenses related to the higher volumes and revenues, including delivery, commissions, incentive compensation, and travel and entertainment.
Nov 3, 2022 / receipt, needs a key / Frank Linegro, CFO | earnings call 2022-11-03 | transcript de16f800-9c22-4c61-918e-3e15f81cb88d | chars 15372-15571 | segment 15
The increase was predominantly driven by increased headcount and wages year over year, together with higher selling costs, namely commissions, credit card fees, and travel and entertainment, and inflation in fuel, rent, real estate taxes, and insurance.
May 5, 2022 / receipt, needs a key / Frank, other | earnings call 2022-05-05 | transcript 14121b4e-8b97-48e1-b4b4-31664959a56b | chars 15584-15837 | segment 15
Selling expenses, such as travel and entertainment, were also higher as we cycled the impact of taken in the prior year.
Nov 18, 2021 / receipt, needs a key / Franklin Egro, CFO | earnings call 2021-11-18 | transcript 2ef89570-1082-49ae-8392-4fd4504066d5 | chars 15283-15403 | segment 15
You may recall that we took significant and proactive cost reduction measures, including furloughs, salary cuts, reduced work weeks, the near elimination of overtime travel and entertainment, as well as reducing the truck fleet to curb fuel and repair costs.
Aug 5, 2021 / receipt, needs a key / Frank Lanegro, CFO | earnings call 2021-08-05 | transcript 264e4fcd-61bf-4bbc-9403-99838c69a978 | chars 16122-16380 | segment 16
In terms of other operating costs, we continue to benefit from reduced travel and entertainment spending, which remains well below historic levels. We would expect a portion of these expenses to come back in over time, but are unlikely to return to historic levels as we continue to leverage greater sales effectiveness and operating efficiencies.
Feb 8, 2021 / receipt, needs a key / Frank, CFO | earnings call 2021-02-08 | transcript 6cb11f9a-47b4-45f6-8976-dc8825b8b47b | chars 20179-20526 | segment 20
A portion of the continuing temporary costs also returned, That said, travel and entertainment expenditures remain below historic levels and will provide year-over-year cost benefits in the first half of fiscal 2021.
Nov 19, 2020 / receipt, needs a key / Frank, other | earnings call 2020-11-19 | transcript e922e4f2-b1a3-4f86-b641-0bbb1cb66a42 | chars 17743-17959 | segment 18
| Carmelo Caruba | Beacon's Interim Chief Financial Officer | - | receipt |
| Frank Lanegro | CFO | - | receipt |
| Frank Linegro | CFO | - | receipt |
| Franklin Egro | CFO | - | receipt |
| Julian Francis | CEO | - | receipt |
| Prith Gandhi | CFO | - | receipt |