Speedway Motorsports Inc. Q1 2010 Earnings Call Transcript

Speedway Motorsports Inc. (TRK)

Q1 2010 Earnings Conference Call

May 5, 2010 10:00 AM ET

Executives

Marcus Smith – President and COO

William Brooks – Vice Chairman, CFO and Treasurer

Analysts

Howard Bryerman – Evergreen Investment.

Presentation

Operator

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Good morning my name is Stephanie and I will be your conference operator today. At this time I would like to welcome everyone to the Speedway Motorsports Inc. first quarter earnings release conference call. All lines have been placed on mute to prevent any background noise. After the speakers remarks there will be a question-and-answer session.

(Operator Instructions)

This conference call contains forward-looking statements particularly statements with regard to the company’s future operations and financial results. There are many factors that affect future events and trends of the company’s business including but not limited to consumer and corporate spending sentiment, air travel, governmental regulations, military actions, national or local catastrophic events, the success of and weather surrounding NASCAR, IRL, NHRA and other racing events, our relationship with NASCAR and other sanctioning bodies, the success of Motorsports Authentics merchandising joint venture, the success of expense reduction efforts, capital projects, expansions, economic conditions, stock repurchases, financing needs, insurance, litigation, taxes, oil and gas activities, including the possibility of discontinuing operations, geo-political situations in foreign countries, and other factors outside of management’s control.

These factors and other factors including those contained in the company’s annual report on Form 10-K and subsequently filed quarterly results on Form 10-Q involve certain risks and uncertainties that could cause actual results or events to differ materially from management’s view and expectations. Inclusion of any information or statement in this conference call does not necessarily imply that such information or statement is material. The company does not undertake any obligation to release publicly, revised or updated forward-looking information, and such information included in this release is based on information currently available and may not be reliable after this date.