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

Executives

Steven H. Lesnik - Chairman, President and CEO

Michael J. Graham - EVP and CFO

John Springer - VP Strategy and IR

Analysts

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

Presentation

Operator

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 careered.com. A replay of this call will also be available on our site.

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