Lumen Technologies, Inc. (NYSE:LUMN) 2nd Annual UBS Women in Tech Summit Conference Call June 11, 2024 12:40 PM ET Kate Johnson - President and Chief Executive Officer Batya Levi - UBS Kate joined Lumen about 18 months ago and she's had a long career in the tech world, including Red Hat, GE, Oracle and more recently, President of Microsoft. And before that, we were actually colleagues at UBS about 20 years ago. I didn't know it, but we were. Kate Johnson Batya Levi Kate Johnson Q - Batya Levi Kate Johnson T ...

DENVER, June 5, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Kate Johnson, Lumen's president and chief executive officer, will present at the 2nd Annual UBS Women in Tech Summit on June 12, 2024. The presentation is scheduled to begin at 12:40 p.m. ET. A live webcast link to the investor presentation will be made available on the Lumen Investor Relations website at https://ir. ...

Lumen Technologies, Inc. (NYSE:LUMN) TD Cowen 52nd Annual Technology, Media & Telecom Conference May 30, 2024 10:50 AM ET Company Participants Chris Stansbury - EVP and CFO Conference Call Participants Greg Williams - TD Cowen Greg Williams Let's get started. Good morning. My name is Greg Williams. I cover the telco wireless and cable space here at TD Cowen and welcome to day two of our 52nd Annual TMT Conference. I'm joined in this session by the CFO of Lumen, Chris Stansbury. Thank you, Chris for joining ...

Company and Industry Overview * **Company**: Lumen Technologies, Inc. (NYSE:LUMN) * **Industry**: Telecommunications, specifically telco wireless and cable space * **Event**: TD Cowen 52nd Annual Technology, Media & Telecom Conference * **Date**: May 30, 2024 Key Points Turnaround Strategy * **Focus Areas**: * **Innovation for Growth**: Enhancing network connectivity and offering additional services like security edge compute and seamless workload movement. * **Innovation for Cost**: Reducing costs through network unification and process simplification. * **Legacy Declines**: Addressing legacy product declines while managing cash flow for future investments. * **Challenges**: * Legacy product declines accelerating. * Industry-wide rewrite off-net activity driving short-term results at the expense of customer focus. Cost Reduction Efforts * **Workforce Reduction**: 7% reduction implemented, saving $90 million to $100 million in Q2. * **Cost Savings Opportunities**: * Simplifying processes and improving customer experience. * Integrating legacy systems to unlock cost potential. * **EBITDA Growth**: Expected to grow through the year due to cost savings and improved sales rates. AI-Driven Demand * **Generational Opportunity**: AI-driven demand expected to last 5-10 years. * **Revenue Growth**: Focus on selling connectivity solutions that enable on-demand data access and routing. * **Internal AI Applications**: Using AI tools like CoPilot for productivity improvements and code development. Consumer Business Strategy * **Strategic Review**: Exploring options for the consumer business, including potential divestiture. * **Market Conditions**: Current market conditions favoring joint ventures and fiber acquisition without taking on balance sheet risk. Business Segments * **Large Enterprise**: * Focus on driving execution and improving sales results. * Legacy declines and industry-wide bad behavior impacting growth. * **Mid Markets**: * Seeing notable improvement in sales and product portfolio. * Partner ecosystem expansion driving growth. * **Public Sector**: * Winning large contracts and seeing growth due to scaling of installations. Future Outlook * **Investor Day**: Expected to provide more visibility around free cash flow streams, cost paradigm, and consumer business direction. * **Innovation Initiatives**: Launching Lumen Defender, a security product, and focusing on big connectivity deals and security solutions.

DENVER, May 23, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Chris Stansbury, Lumen's executive vice president and chief financial officer, will present at the TD Cowen 52nd Annual Technology, Media & Telecom Conference on May 30, 2024. The presentation is scheduled to begin at 10:50 a.m. ET. A live webcast link to the investor presentation will be made available on the Lumen ...

Lumen Technologies, Inc. (NYSE:LUMN) JPMorgan Global Technology, Media and Communications Conference Call May 21, 2024 10:00 AM ET Company Participants Kate Johnson - President & CEO Conference Call Participants Sebastiano Petti - J.P. Morgan Sebastiano Petti Hi, good morning, everyone. I'm Sebastiano Petti. I cover the Communications Space here at JPMorgan. I would like to welcome Kate Johnson from Lumen Communications. Thank you, Kate, for joining us today. Kate Johnson Thanks. Good to be here. Question-a ...

Lumen Technologies, Inc. (NYSE:LUMN) JPMorgan Global Technology, Media and Communications Conference Call May 21, 2024 10:00 AM ET Company Participants Kate Johnson - President & CEO Conference Call Participants Sebastiano Petti - J.P. Morgan Sebastiano Petti Hi, good morning, everyone. I'm Sebastiano Petti. I cover the Communications Space here at JPMorgan. I would like to welcome Kate Johnson from Lumen Communications. Thank you, Kate, for joining us today. Kate Johnson Thanks. Good to be here. Question-a ...

DENVER, May 14, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Kate Johnson, Lumen's president and chief executive officer, will present at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 21, 2024. The presentation is scheduled to begin at 10:10 a.m. ET. A live webcast link to the investor presentation will be made available on the Lumen ...

 Ho to Succeed Veteran Executive Stacey Goff DENVER, May 6, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced it has appointed Chad Ho as executive vice president and chief legal officer. His appointment will begin in June. He succeeds Stacey Goff, whose legacy includes a distinguished 26-year career with Lumen and its predecessors. We anticipate that Mr. Goff will remain with the company for a few weeks after Mr. Ho's appointment to ensure a smooth transition.  Ho is an experienced chief ...

Lumen Technologies, Inc (LUMN) reported an adjusted loss (excluding special items) of 4 cents per share for first-quarter 2024. In the prior-year quarter, the company reported adjusted earnings per share of 10 cents. The bottom line missed the Zacks Consensus Estimate of a loss of 3 cents.Quarterly total revenues were $3.290 billion, down 12% year over year on a reported basis. Revenues for the year-ago quarter include $139 million from the EMEA business divested, which will not recur in periods following t ...