International Speedway Management Discusses Q2 2012 Results - Earnings Call Transcript

International Speedway (ISCA)

Q2 2012 Earnings Call

July 05, 2012 9:00 am ET

Executives

Charles N. Talbert - Senior Director of Investor and Corporate Communications

John R. Saunders - President

Daniel W. Houser - Chief Financial Officer, Chief Accounting Officer, Senior Vice President and Treasurer

Analysts

Alvin C. Concepcion - Citigroup Inc, Research Division

Michael K. Walsh - Wells Fargo Securities, LLC, Research Division

Stephen Altebrando - Sidoti & Company, LLC

Barry L. Lucas - Gabelli & Company, Inc.

Presentation

Operator

Good morning, and welcome to the International Speedway Corporation Second Quarter 2012 Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded on Thursday, July 5, 2012.

I would now like to turn the conference over to Charles Talbert. Mr. Talbert, please go ahead.

Charles N. Talbert

Thank you, operator. Good morning, everyone, and welcome to the International Speedway's conference call. We are here to discuss the company's results for the second quarter ended May 31, 2012. With us on this earnings call are John Saunders, President; and Dan Houser, Senior Vice President and Chief Financial Officer. After our formal remarks, a Q&A period will follow. The operator will instruct you on procedures at that time.

Before we start, I'd like to address forward-looking statements that may be addressed on the call. Forward-looking statements involve risks, uncertainties and assumptions. Actual future performance, outcomes and results may differ materially from those expressed in these forward-looking statements. Please refer to documents filed by International Speedway with the SEC, specifically the most recent reports on Form 10-K and 10-Q, which identify important risk factors which could cause actual results to differ from those contained in these forward-looking statements.

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