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Education Management Corporation's CEO Discusses F4Q12 Results - Earnings Call Transcript

Education Management Corporation (EDMC)

F4Q12 Earnings Call

August 09, 2012 09:00 am ET


Jim Sober - VP Finance

Todd Nelson - CEO

Ed West - President & CFO


Gary Bisbee - Barclays

Reza Vahabzadeh - Barclays

Jeff Volshteyn - JPMorgan

Bob Craig - Stifel Nicolaus

Suzi Stein - Morgan Stanley

Brandon Dobell - William Blair

Corey Greendale - First Analysis

Kelly Flynn - Credit Suisse

Jeff Silber - BMO Capital Markets

Trace Urdan - Wunderlich Securities

Sara Gubins - Bank of America Merrill Lynch

Jeff Meuler - Robert W Baird



Good day and welcome to the Education Management Corporation's fiscal 2012 fourth quarter earnings call. All participants will be in listen-only mode. (Operator Instructions). After today's presentation there will be an opportunity to ask questions. (Operator Instructions) Please also note this event is being recorded. I would now like to turn the conference over to Jim Sober, Vice President of Finance. Please go ahead sir.

Jim Sober

Thank you, operator. Welcome to Education Management's fiscal 2012 fourth quarter earnings call. With me on the call today are Todd Nelson, Chief Executive Officer; who will succeed Jock McKernan as Chairman of the Board of Directors effective August 15, 2012, and Ed West, currently President and Chief Financial Officer, who will become the company’s new Chief Executive Officer. Following our opening remarks, we will begin the question-and-answer session.

During the session we ask that you please limit yourself to one question and not more than one follow-up question to ensure that we can respond to the many participants on today’s call.

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