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ITT Educational Services, Inc. CEO Discusses Q4 2011 Results - Earnings Call Transcript

ITT Educational Services, Inc. ( ESI)

Q4 2011 Earnings Call

January 26, 2012 11:00 AM ET

Executives

Kevin Modany - CEO and Chairman

Dan Fitzpatrick - EVP and CFO

Analysts

Kelly Flynn - Credit Suisse

Suzi Stein - Morgan Stanley

Jerry Herman - Stifel Nicolaus

Brandon Dobell - William Blair

Corey Greendale - First Analysis

Trace Urdan - Wunderlich Securities

Sara Gubins - Bank of America/Merrill Lynch

Gary Bisbee - Barclays Capital

Andrew Steinerman - JPMorgan

James Samford - Citigroup

Paul Ginocchio - Deutsche Bank

Peter Appert - Piper Jaffray

Jack Miller - Robert W. Baird & Company

Presentation

Operator

Greetings, ladies and gentlemen, and welcome to the ITT Educational Services 2011 Fourth Quarter and Year-end Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator Instructions). As a reminder, this conference is being recorded.

Joining us today from the management of ITT Educational Services, we have Kevin Modany, Chief Executive Officer and Chairman, and Dan Fitzpatrick, Executive Vice President and Chief Financial Officer.

Before we begin, ITT Educational Services Incorporated wishes to remind you 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 news releases or in the company's public filings with the Securities and Exchange Commission.

Thank you. Mr. Modany, you may begin.

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