Catalyst Health Solutions' CEO Discusses Q2 2011 Results - Earnings Call Transcript

Catalyst Health Solutions (CHSI)

Q2 2011 Earnings Call

August 03, 2011 10:00 am ET

Executives

Richard Bates - President and Chief Operating Officer

David Blair - Chief Executive Officer and Director

Deirdre Kramer - Interim Chief Financial Officer, Senior Vice President of Finance and Corporate Controller

Analysts

George Hill - Citigroup Inc

Michael Petusky - Noble Financial Group, Inc.

Glen Santangelo - Crédit Suisse AG

Elliot Feldman - Barclays Capital

Eugene Goldenberg - BB&T Capital Markets

Michael Minchak - JP Morgan Chase & Co

Amanda Murphy - William Blair & Company L.L.C.

Brooks O'Neil - Dougherty & Company LLC

Presentation

Operator

Compare to:
Previous Statements by CHSI
» Catalyst Health Solutions, Inc. Q4 2008 Earnings Call Transcript
» Catalyst Health Solutions Inc. Q3 2008 Earnings Call Transcript
» HealthExtras, Inc. Q2 2008 Earnings Call Transcript

Good day, everyone. Welcome to the Catalyst Health Solutions, Inc. 2011 Second Quarter Conference Call. Today's call is being recorded. This conference will contain forward-looking information. Forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in the company's filings with the Securities and Exchange Commission. With that said, I would now like to turn the conference over to the Chief Executive Officer of Catalyst Health Solutions, Inc., Mr. David Blair. Please go ahead, sir.

David Blair

Good morning, and thank you for joining our second quarter investor call. Also Rick Bates, President and Chief Operating Officer; and Deirdre Kramer, our interim Chief Financial Officer, are joining us.

Clearly, the company is hitting on all cylinders and executing on the growth initiatives we've previously described to you. The company had another solid quarter. Revenues increased 39% and adjusted earnings per share increased 15% over the prior year. Again, our earnings growth extended around margin expansion within our installed customer base, the successful implementation of new business, outstanding client retention and integration of our recent acquisitions.