Catalyst Health Solutions' CEO Discusses Q3 2011 Results - Earnings Call Transcript

Catalyst Health Solutions, Inc. (CHSI)

Q3 2011 Earnings Call

November 2, 2011 8:00 a.m. ET

Executives

David Blair - Chief Executive Officer

Richard Bates - President and Chief Operating Officer

Timothy Pearson - Chief Financial Officer and Executive Vice President

Analysts

Brooks O'Neil - Dougherty & Company

Larry Marsh - Barclays Capital

Brian Tanquilut - Jefferies & Company

George Hill - Citigroup

Amanda Murphy - William Blair & Company

Andrew Schenker - Morgan Stanley

Glen Santangelo - Crédit Suisse

Bret Jones - Oppenheimer

Michael Baker - Raymond James

Anthony Vendetti - Maxim Group

David Toung - Argus Research

Eugene Goldenberg - BB&T Capital Markets

Presentation

Operator

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Good day, everyone. Welcome to the Catalyst Health Solutions, Inc. 2011 Third Quarter Conference Call. Today's call is being recorded. This conference call 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.

David Blair

Good morning and thank you for joining our third quarter investor call. Rick Bates, our President and Chief Operating Officer and Tim Pearson, our Chief Financial Officer are also joining us. The third quarter represented another solid period for Catalyst. We are pleased with the financial performance. In integration of WHI is on track. Business volumes are meeting our expectations and we continue to win new business. Revenues in the quarter increased 55 and adjusted earnings per share increased 24% over the prior year. Earnings growth in the quarter was driven by a combination of the WHI acquisition and organic growth.