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LifeWorks Inc. (MSIXF) CEO Stephen Liptrap on Q1 2022 Results - Earnings Call Transcript

May 03, 2022 2:02 PM ETTELUS Corporation (TU), LWRK:CA
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LifeWorks Inc. (MSIXF) Q1 2022 Earnings Conference Call May 3, 2022 9:00 AM ET

Company Participants

Stephen Liptrap - President and CEO

Grier Colter - CFO

Conference Call Participants

Etienne Ricard - BMO Capital Markets

Graham Ryding - TD Securities

Scott Fletcher - CIBC

Jaeme Gloyn - National Bank Financial


Good morning, everyone. Welcome to the First Quarter 2022 Conference Call for LifeWorks Incorporated. Please note that this conference call will contain forward-looking statements, which reflect management's current beliefs and expectations regarding corporation's future growth and results of operations. Actual results could differ materially from these anticipated.

I would now like to turn the meeting over to Mr. Stephen Liptrap, President and Chief Executive Officer of LifeWorks Incorporated. Please go ahead, Mr. Liptrap.

Stephen Liptrap

Thank you, Paul. Good morning, and thank you for joining us. On the call with me today is Grier Colter, our Chief Financial Officer; and I've invited our new Board Chair, Bob Courteau, to sit in with us since he's in the office for AGM later today. Welcome Bob. And Bob will be available later in the call if anyone has a question for him.

Earlier this morning, we released LifeWorks' financial results for the first quarter of 2022. Later this morning, at 10.30, we will be holding our virtual Annual General Meeting. Today, I'll kick things off by reviewing our results and the highlights in the first quarter and talk about those in the context of lockdowns, followed by a few brief comments on our strategic plan. I'll then turn it over to Grier to cover our Q1 financials in more detail.

As we have seen in the earlier quarters of this pandemic, hard lockdowns have an impact on our fee-for-service businesses as most of these are delivered in person at a client-site. Good examples

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