Corporate Executive Board (EXBD)
Q2 2012 Earnings Call
July 31, 2012 9:00 am ET
Richard S. Lindahl - Chief Financial Officer and Principal Accounting Officer
Thomas L. Monahan - Chairman and Chief Executive Officer
Paul Ginocchio - Deutsche Bank AG, Research Division
Gary E. Bisbee - Barclays Capital, Research Division
Timothy McHugh - William Blair & Company L.L.C., Research Division
Daniel R. Leben - Robert W. Baird & Co. Incorporated, Research Division
David Ridley-Lane - BofA Merrill Lynch, Research Division
Shlomo Rosenbaum - Stifel, Nicolaus & Co., Inc., Research Division
Good morning, and welcome to the Corporate Executive Board's Second Quarter 2012 Conference Call. Today's call is being recorded and will be available for replay beginning today and through August 9 by dialing (719) 457-0820. The replay passcode is 540-3939. A replay will also be available beginning later today and through August 9 at the company's website and at www.earnings.com.
To the extent any non-GAAP financial measure is discussed in today's call, you will also find a reconciliation of that measure to the most directly comparable financial measure calculated according to GAAP by going to the company's website and following the Investors link to yesterday's news release. You will also find a PDF of the supporting materials that the company will use in its prepared remarks this morning by going to the Investors page and following the link to the second quarter earnings conference call. Please review the second page of these materials, which includes important information about any forward-looking information included in the presentation. This conference call may also contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements, among others, regarding the Corporate Executive Board's expected quarterly and annual financial performance for fiscal 2012 or beyond. For this purpose, any statements made during this call that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, discussions of forecasts, estimates, targets, plans, beliefs, expectations and the like are intended to identify forward-looking statements. You are hereby cautioned that these statements may be affected by important factors, among others, set forth in the Corporate Executive Board's filings with the Securities and Exchange Commission and in its second quarter news release. Consequently, actual operations and results may differ materially from the results discussed in the forward-looking statements. The company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.