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Education Management Corp CEO Discusses F2Q12 Results - Earnings Call Transcript

Education Management Corp ( EDMC)

F2Q12 Earnings Call

February 02, 2012 09:00 AM ET

Executives

Jim Sober - VP, Finance

Todd Nelson - CEO

Ed West - President and CFO

Analysts

Kelly Flynn - Credit Suisse

Tom Dillon - William Blair

David Warner - First Analysis

Gary Bisbee - Barclays

Jeff Silber - BMO Capital Markets

Trace Urdan - Wunderlich Securities

Jerry Herman - Stifel Nicolaus

Suzanne Stein - Morgan Stanley

Andrew Steinerman - JPMorgan

Jeffrey Meuler - Baird

Peter Appert - Piper Jaffray

Sara Gubins - Bank of America

Presentation

Operator

Good morning and welcome to the Education Management Corporation's Fiscal 2012 Second Quarter Earnings Conference Call. All participants will be in listen-only mode. (Operator Instructions). Please note this event is being recorded. I would now like to turn the conference over to Jim Sober, Vice President, Finance. Please go ahead.

Jim Sober

Thanks, Amy. Welcome to Education Management's fiscal 2012 second quarter earnings call. With me on the call today are Todd Nelson, Chief Executive Officer; and Ed West, President and Chief Financial Officer.

Following our opening remarks, we will begin a question-and-answer session. Before turning the call over to Todd for his opening comments, I'd like to remind everyone that the information presented on the call contains forward-looking statements. These forward-looking statements include but are not limited to statements about our future plans and our future financial and operating performance. Actual results may differ materially from those contained in the forward-looking statements. Additional information containing or concerning factors that could cause actual results to differ materially are set forth in the cautionary statement included in the earnings release. Todd?

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