ITT Educational Services, Inc. (
Q4 2011 Earnings Call
January 26, 2012 11:00 AM ET
Kevin Modany - CEO and Chairman
Dan Fitzpatrick - EVP and CFO
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
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.