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Choice Hotels International, Inc. (CHH)
Q2 2012 Earnings Conference Call
July 27, 2012 09:30 ET
Steve Joyce – President and Chief Executive Officer
Dave White – Chief Financial Officer
Jeffrey Donnelly – Wells Fargo
Felicia Hendrix – Barclays
Robin Farley – UBS
Joshua Attie – Citi
Nikhil Bhalla – FBR
Patrick Scholes – SunTrust Robinson Humphrey
Ladies and gentlemen, thank you for standing by. Good morning, and welcome to the Choice Hotels International Second Quarter 2012 Earnings Conference Call. At this time, all lines are in a listen-only mode. Later, there will be a question-and-answer session and further instructions will be given at that time. As a reminder, today’s call is being recorded.
During the course of this conference call, certain predictive or forward-looking statements will be used to assist you in understanding the company and its results, which constitute forward-looking statements under the Safe-Harbor provision of the Securities Reform Act of 1995. These forward-looking statements generally can be identified by phrases, such as choice or as management believes, expects, anticipate, foresee, forecast, estimate or other words or phrases of similar import. Such statements are subject to risk and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.
Please refer to the company’s Form 10-K for the year ended December 31, 2011 and other SEC filings or information about important risk factors affecting the company that you should consider. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievement. We caution you, do not place undue reliance on forward-looking statements, which reflect our analysis only and speak-only as of today’s date.