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Corrections Corporation Of America's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Corrections Corporation of America ( CXW)

Q4 2011 Earnings Call

February 9, 2012 11:00 AM ET


Damon Hininger – President and CEO

Todd Mullenger – CFO


Kevin Campbell – Avondale Partners

Todd Van Fleet – First Analysis

Manav Patnaik – Barclay’s Capital

Tobey Summer – SunTrust

Derrick Broadnax – Macquarie

Barry Klein – Macquarie

Jonathan Evans – Edmunds White Partners

Dennis Wurst – Britton Hill Capital



Good morning, everyone, and welcome to CCA’s Fourth Quarter 2011 Earnings Conference Call. If you need a copy of our press release or supplemental financial data, both documents are available on the “Investors” page of our website, at

Before we begin, let me remind today’s listeners that this call contains forward-looking statements pursuant to the Safe Harbor provisions of the Securities and Litigation Reform Act. These statements are subject to risks and uncertainties that could cause actual results to differ materially from statements made today. Factors that could cause operating and financial results to differ are described in the press release as well as our Form 10-K and other documents filed with the SEC.

This call may include discussion of non-GAAP measures. The reconciliation of the most comparable GAAP measurement is provided in our corresponding earnings release and included in the supplemental financial data on our website.

We are under no obligation to update or revise any forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrences of unanticipated events.

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