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Corrections Corporation Of America's CEO Hosts Dividend Initiation Conference (Transcript)

Corrections Corporation of America ( CXW)

Dividend Invitation Conference

February 28, 2012 2:00 PM ET

Executives

Damon Hininger – President and CEO

Todd Mullenger – CFO

Analysts

Manav Patnaik – Barclays Capital

Kevin Campbell – Avondale Partners

Kevin McVeigh – Macquarie

Todd Van Fleet – First Analysis

Emily Shanks – Barclays Capital

Tobey Sommer – SunTrust

Presentation

Operator

Good afternoon, everyone. And welcome to CCA’s Dividend Initiation Conference Call. Today’s call is being recorded. If you need a copy of our press release, it is available on the investor page of our website at www.cca.com.

Before we begin, let me remind today’s listeners that this call contains forward-looking statements pursuant to 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 today’s presentation available on the investor page of our website at www.cca.com. 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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