This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Career Education's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Career Education Corporation (CECO)

Q1 2012 Earnings Conference Call

May 11, 2012 10:00 am ET


Steven H. Lesnik - Chairman, President and CEO

Michael J. Graham - EVP and CFO

John Springer - VP Strategy and IR


Jason Anderson - Stifel Nicolaus & Company, Inc

Suzanne Stein - Morgan Stanley & Co.

Jeffrey Silber - BMO Capital Markets

Gary Bisbee - Barclays Capital

Brandon Dobell - William Blair & Company LLC

Corey Greendale - First Analysis Securities Corporation

David Chu - Bank of America/Merrill Lynch

Jeffrey Meuler - Robert W. Baird & Co.

Kelly Flynn - Credit Suisse

George Tong - Piper Jaffray & Co.

James Samford - Citi Investment Research & Analysis



Welcome to the First Quarter 2012 Earnings Conference Call. My name is Christine and I will be your operator for today’s call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. Please note that this conference is being recorded.

I will now turn the call over to VP, Strategy and Investor Relations, John Springer. You may begin.

John Springer

Thank you, Christine. Good morning, everyone and thank you for joining us on our first quarter 2012 earnings call. With me on the call this morning are Steve Lesnik, our President and Chief Executive Officer and Mike Graham, our Executive Vice President and Chief Financial Officer. Following remarks made by management, the call will be opened for analysts and investor questions. This conference call is being webcast live within our Investor Relations section of our website at A replay of this call will also be available on our site.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,795.20 +18.77 0.11%
S&P 500 1,980.79 -6.26 -0.32%
NASDAQ 4,744.9890 -36.2750 -0.76%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs