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The Western Union's (WU) CEO Hikmet Ersek on Q4 2019 Results - Earnings Call Transcript

Feb. 11, 2020 8:05 PM ETThe Western Union Company (WU)
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The Western Union Company (NYSE:WU) Q4 2019 Earnings Conference Call February 11, 2020 4:30 PM ET

Company Participants

Brad Windbigler – Head-Investor Relations

Hikmet Ersek – Chief Executive Officer

Raj Agrawal – Chief Financial Officer

Conference Call Participants

Korey Marcello – Deutsche Bank

Ben Budish – Barclays

Vasu Govil – KBW

Andrew Jeffrey – SunTrust

Tim Chiodo – Credit Suisse


Good afternoon and welcome to the Western Union Fourth Quarter Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Brad Windbigler, Head of Investor Relations. Please go ahead.

Brad Windbigler

Thank you, Andrea. On today’s call, we will discuss the company’s fourth quarter and full-year results, and our financial outlook for 2020, and then we will take your questions. The slides that accompany this call and webcast can be found at westernunion.com under the Investor Relations tab and will remain available after the call. Additional operational statistics have been provided in supplemental tables with our press release.

Today’s call is being recorded and our comments include forward-looking statements. Please refer to the cautionary language in the earnings release and in Western Union’s filings with the Securities & Exchange Commission, including the 2018 Form 10-K, for additional information concerning factors that could cause actual results to differ materially from forward-looking statements.

During the call, we will discuss some items that do not conform to generally accepted accounting principles. We have reconciled those items to the most comparable GAAP measures on our website, westernunion.com, under the Investor Relations section. We will also discuss certain adjusted metrics although expenses that have been excluded from adjusted metrics are specific to those initiatives, these types of expenses may be similar to types of expenses that the company has previously incurred

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