Career Education Corp (CECO) CEO Todd Nelson on Q3 2018 Results - Earnings Call Transcript

Career Education Corp (CECO) Q3 2018 Earnings Conference Call November 1, 2018 5:30 PM ET

Executives

Sam Gibbons - Assistant VP, Alpha IR Group LLC
Todd Nelson - CEO, President & Director
Ashish Ghia - SVP & CFO

Analysts

Kevin Estok - Piper Jaffray Companies
Gregory Pendy - Sidoti & Company

Operator

Good day, everyone, and welcome to the Career Education Third Quarter 2018 Earnings Conference Call. [Operator Instructions]. And please note that today's event is being recorded.

I would now like to turn the conference over to Sam Gibbons of Investor Relations. Please go ahead.

Sam Gibbons

Thank you, William. Good afternoon, everyone, and thank you for joining us. With me on the call today is Todd Nelson, President and Chief Executive Officer; and Ashish Ghia, Senior Vice President and Chief Financial Officer. This conference call is being webcast live within the Investor Relations section at careered.com. A webcast replay will also be available on our site, and you can always contact the Alpha IR Group for Investor Relations support. Let me remind you that this afternoon's earnings release and remarks made today include forward-looking statements as defined in Section 21E of the Securities Exchange Act. These statements are based on assumptions made by and information currently available to Career Education and involve risks and uncertainties that could cause actual future results, performance and business prospects and opportunities to differ materially from those expressed in or implied by these statements. These risks and uncertainties include, but are not limited to, those factors identified in Career Education's annual report on Form 10-K for the year ended December 31, 2017, and other filings with the Securities and Exchange Commission.

Except as expressly required by the securities laws, the company undertakes no obligation to update those factors or any forward-looking statements to reflect