Lumen Technologies, Inc. (LUMN) NewStreet Research and BCG Future of Connectivity Leaders Conference (Transcript)
Lumen Technologies, Inc. (NYSE:LUMN) NewStreet Research and BCG Future of Connectivity Leaders Conference March 26, 2025 1:45 PM ET
Company Participants
Chris Stansbury – EVP, CFO
Conference Call Participants
Brandon Magsamen – Boston Consulting Group
Brandon Magsamen
Well, good afternoon. Thanks for joining us. I’m Brandon Magsamen, from BCG. And I am delighted to have Chris Stansbury, CFO of Lumen joining us. You’ve been CFO for three-years, it probably feels like 30.
Chris Stansbury
Yes, that’s right. Yes, they’re like dog years.
Brandon Magsamen
Yes. And it’s Lumen with an E not an O.
Chris Stansbury
Correct.
Brandon Magsamen
All the Severance fans out there. So you’ve had a jam packed three years. I know there’s a lot to cover. So today, we’re going to talk about a few things on people’s minds. So the first is portfolio rationalization, right, with the sale of parts of the consumer business; the path back to growth and kind of the core enterprise services, EBITDA growth, which is always good; and the remaining kind of PCF private connectivity fabric opportunity. So, is that a good thirty minutes for everybody? Good, okay. So Chris, you had a really busy 2024 and even before that. But just can you give us a quick run through of what happened in 2024, your accomplishments and how those are teeing you up for 2025?
Chris Stansbury
Yes. I mean, interesting, this morning, Fortune named Lumen as one of the most innovative companies and we’re on their list. And it’s not lost on us that that’s really on the backs of, you know, restructuring of the year last year. So you think about the number of things that have had to happen inside of the company as we dealt with some of those legacy issues around the balance sheet but have really driven an intensity around where
