Corrections Corporation of America ( CXW)

Q2 2011 Earnings Call

August 4, 2011 11:00 AM ET


Damon Hininger – President and CEO

Todd Mullenger – CFO

David Garfinkle – VP, Finance


Todd Van Fleet – First Analysis

Tobey Summer – SunTrust

Kevin McVeigh – Macquarie

Kevin Campbell – Avondale Partners

Scott Grossman – Magnetar Capital



Good morning, everyone, and welcome to CCA’s Second Quarter 2011 Earnings Conference Call. Today’s call is being recorded. If you need a copy of our press release or supplemental financial data, those documents are available on the Investor page of our website at

Before we begin, let me remind today’s listeners that this call contains forward-looking statements pursuant to the 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 financial measures. The reconciliation of the most comparable GAAP measurement is provided in our corresponding earnings release and included in the supplemental financial data on our website. 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.

Participating on today’s call will be our President and CEO, Damon Hininger, and Chief Financial Officer, Todd Mullenger.

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