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International Speedway's (ISCA) Management on Q2 2017 Results - Earnings Call Transcript

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International Speedway Corporation (NASDAQ:ISCA) Q2 2017 Earnings Conference Call July 3, 2017 9:00 AM ET


John Saunders - President

Greg Motto - Senior Vice President and Chief Financial Officer


Jamie Katz - Morningstar

Greg Pendy - Sidoti

Barry Lucas - Gabelli & Company


Good morning and welcome to the International Speedway Corporation 2017 Second Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded on Monday, July 3, 2017.

With us on this morning’s call are John Saunders, President; and Greg Motto, Senior Vice President and Chief Financial Officer. After formal remarks, John Saunders and Greg Motto will conduct a question-and-answer period. I will instruct you on procedures at that time.

Before we start, the company would 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 the documents filed by International Speedway Corporation 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.

So with these formalities out of the way, I will turn the call over to John Saunders. Mr. Suanders?

John Saunders

Good morning everyone and thanks for joining us today on our second quarter call. The results of the second quarter met expectations previously communicated on our first quarter earnings call. Comparable revenue, excluding one-time charges was within 1% of the prior year. And our non-GAAP earnings improved to $0.30 per share from $0.29 per share in the second quarter of 2016.

The 2017 season is shaping up well. Race format changes implemented by NASCAR have resulted in great on-track

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