ITT Educational Services, Inc. ( ESI)
F3Q11 Earnings Call
October 20, 2011 11:00 am ET
ExecutivesKevin M. Modany – Chairman of the Board & Chief Executive Officer Daniel M. Fitzpatrick – Chief Financial Officer & Executive Vice President Analysts Trace A. Urdan – Signal Hill Capital Group Gary Bisbee – Barclays Capital Bob Craig – Stifel Nicolaus Corey Greendale – First Analysis Jeff [Volstein] – JP Morgan Amy Junker – Robert W. Baird & Co., Inc. Paul Ginocchio – Deutsche Bank Sara Gubins – Bank of America Securities – Merrill Lynch Brandon Dobell – William Blair & Company George Tong – Piper Jaffray Scott Schneeberger – Oppenheimer & Co. James Samford – Citi Investment Research & Analysis Kelly Flynn – Credit Suisse Suzanne Stein – Morgan Stanley Michael Tarkan – FBR Capital Markets & Co. Presentation Operator
Previous Statements by ESI
» ITT Educational Services, Inc. CEO Discusses Q2 2011 Results - Earnings Call Transcript
» ITT Educational Services, Inc. Q4 2009 Earnings Call Transcript
» ITT Educational Services Q1 2009 Earnings Call Transcript
» ITT Educational Services, Inc Q4 2008 Earnings Call Transcript
Before we begin ITT Educational Services, Inc. wishes to remind you that this conference call may include forward-looking information. Actual results may differ from the information presented during this call. For additional information, please review the section on forward-looking information contained in today’s new release or in the company’s filings with the Securities & Exchange Commission. Thank you. Mr. Modany you may begin sir. Kevin M. Modany Thank you for joining us on our 2011 third quarter conference call to review our results. As usually, Dan Fitzpatrick our executive vice president and chief financial officer will join me on the call this morning. We’ll hear from Dan in a few moments. I’d like to briefly review our agenda for our prepared comments this morning. We will start by providing a review of the third quarter marketing and advertising activity. We’ll then offer additional color on our new student enrollment results in the 2011 third quarter. Next, we’ll discuss student retention and persistence during the quarter. We’ll then update our student outcome metrics including the graduate employment and average annual salary of our 2011 graduates. I will then close out my section of the prepared comments with an update on the execution of our strategic plan.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV