company CME - SteadyBase

steadybase-$ company CME

account_id none on file

legal_name Cme Group Inc.

ticker CME

cik 1156375

domain cmegroup.com

linkedin_company_url http://www.linkedin.com/company/cme-group

entry_point_account_id none on file

name CME Group Inc.

exchange Nasdaq

sector Finance

hq Chicago, IL, United States

irhttp://investor.cmegroup.com/

sector index/company/sector/finance/

calls 12 filings 42 executives 7 family 0

why_nownone on file

calls

Our guidance reflects our continued focus on cost discipline, which will moderate the impact of inflation and a full year of normalized travel and in-person events.

Feb 8, 2023 / receipt, needs a key / Lynn, other | earnings call 2023-02-08 | transcript 27f18306-8a19-425f-9697-9e40a7a799cf | chars 7099-7263 | segment 7

There are a number of planned customer events and marketing spend in the fourth quarter, and we expect increased in-person sales activity reflecting the improved business environment. So if you look at last year and adjust for OSTRA, you saw about a 10% increase in expenses from Q3 to Q4. This year, it's a little bit heavier between Q3 and Q4. This would imply about a 15% increase. And if you look at the expense spend between Q3 and Q4 last year, we did not have the improving business environment that we see this year. So we are expecting definitely more increased in-person sales activity, marketing spend, and travel.

Oct 26, 2022 / receipt, needs a key / John, CFO | earnings call 2022-10-26 | transcript f504b21b-06b0-4006-938c-4a2757525f8f | chars 23832-24457 | segment 24

So to give you some color as to where I'm seeing those costs increase second half versus first half, a little over 40% of the increase compared to the first half of the year is related to customer-facing activities. That includes increases in travel, marketing, advertising, and in-person events.

Jul 27, 2022 / receipt, needs a key / John, CFO | earnings call 2022-07-27 | transcript f8a5b0aa-9e52-4cfc-89e9-bc8ab668b789 | chars 16259-16555 | segment 16

Also, as I mentioned in our guidance last quarter, we expect to see about $30 million for an improving business environment, including increased travel, marketing events, and customer-facing resources, which we're expected to see ramp up throughout the year.

Apr 27, 2022 / receipt, needs a key / John Flannery, CEO | earnings call 2022-04-27 | transcript 884871dc-aa0b-4207-b556-bcaed174b198 | chars 14564-14822 | segment 15

We still had limited travel and in-person events, and our marketing spend was lower. That's another third of the difference.

Feb 9, 2022 / receipt, needs a key / John, CFO | earnings call 2022-02-09 | transcript f9626c14-fa02-4d60-983a-efa11d5df97c | chars 15431-15555 | segment 15

So that would be about half of that $30 million is really related to increased travel and in-person events. And we've seen that starting to come through in the first quarter with more conferences, for example, being in person.

Feb 9, 2022 / receipt, needs a key / John, CFO | earnings call 2022-02-09 | transcript f9626c14-fa02-4d60-983a-efa11d5df97c | chars 40942-41168 | segment 41

When you look at our reduction of the $15 million, about half of that reduction reflects lower, you know, expected travel and in-person events As you recall, at the beginning of the year, we had about $20 million we put in the back half of the year, you know, assuming that we would be able to have additional travel. But as you can see, you know, there's still limitations on travel, especially international travel. We have been seeing, you know, additional pickup in meetings, you know, especially in Europe and London in particular, but still international travel is still a little bit tough.

Oct 27, 2021 / receipt, needs a key / John Pescher, other | earnings call 2021-10-27 | transcript 8bf36115-9328-4c36-9936-fc0524310e99 | chars 17726-18322 | segment 18

So that's partially being offset by the SynergyCapture And lastly, in terms of our impacts, we do anticipate having some improved environment in terms of in terms of operating environment towards the back half of this year, and we anticipate having about $20 million in additional costs that we didn't have this year that we are building into the back half of 2021, you know, related primarily to travel, marketing, and events.

Feb 10, 2021 / receipt, needs a key / John Peter, CFO | earnings call 2021-02-10 | transcript 8ab263f1-883a-40c8-a1f7-925b836efe7b | chars 10723-11150 | segment 10

So I am anticipating our travel schedule will be light again in 2021. And I'm going to encourage more people doing things from Zoom make sure that we can realize those cost savings.

Oct 28, 2020 / receipt, needs a key / John, other | earnings call 2020-10-28 | transcript 17920b8b-9522-4107-9563-a8d25e56b83d | chars 16233-16414 | segment 16

Also, we do have planned for the back half of the year some opening of some economies around the world where we would expect to see some more travel and marketing efforts as those economies open up.

Jul 29, 2020 / receipt, needs a key / John Pescher, CFO | earnings call 2020-07-29 | transcript c34aa219-084e-4b6e-9a16-7c0c5b039208 | chars 8414-8612 | segment 8

We're all very hopeful that we can have the economies around the world open up safely. should the environment improve, you would see, for example, a higher level of travel and marketing spend as we look to intensify our client outreach.

Jul 29, 2020 / receipt, needs a key / John, CEO | earnings call 2020-07-29 | transcript c34aa219-084e-4b6e-9a16-7c0c5b039208 | chars 38789-39025 | segment 39

We also implemented work from home mandates and travel restrictions to protect employees across our global offices.

Apr 29, 2020 / receipt, needs a key / Terry Duffy, CEO | earnings call 2020-04-29 | transcript de51deeb-775e-4329-8acb-f004e98c9f64 | chars 2688-2803 | segment 2

filings

Manager - Workday HCM