ITT Educational Services, Inc. (ESI)
F3Q11 Earnings Call
October 20, 2011 11:00 am ET
ExecutivesKevin M. Modany – Chairman of the Board & Chief Executive OfficerDaniel M. Fitzpatrick – Chief Financial Officer & Executive Vice PresidentAnalysts Trace A. Urdan – Signal Hill Capital GroupGary Bisbee – Barclays CapitalBob Craig – Stifel NicolausCorey Greendale – First AnalysisJeff [Volstein] – JP MorganAmy Junker – Robert W. Baird & Co., Inc.Paul Ginocchio – Deutsche BankSara Gubins – Bank of America Securities – Merrill LynchBrandon Dobell – William Blair & CompanyGeorge Tong – Piper JaffrayScott Schneeberger – Oppenheimer & Co.James Samford – Citi Investment Research & AnalysisKelly Flynn – Credit SuisseSuzanne Stein – Morgan StanleyMichael Tarkan – FBR Capital Markets & Co.PresentationOperator
Previous Statements by ESI
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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.
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