Tivity Health, Inc. (NASDAQ:TVTY) Q1 2016 Earnings Conference Call - Final Transcript

Apr 28, 2016 • 05:00 pm ET


Tivity Health, Inc. (NASDAQ:TVTY) Q1 2016 Earnings Conference Call - Final Transcript


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Good afternoon, and welcome to the Tivity Health First Quarter Conference Call. Today's call is being recorded and will be available for replay beginning today through April 30th by dialing 719-457-0820. The replay passcode is 2892276. The replay may also be accessed for the next 12 months on the Company's website.

To the extent that any non-GAAP financial measure is discussed in today's call, you will also find a reconciliation of that measure to the most directly comparable financial measure calculated according to GAAP in today's news release, which is also posted on the Company's website.

This conference call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements, among others, regarding Tivity Health's expected quarterly and annual operating and financial performance for 2018 and beyond. For this purpose, any statements made during this call that are not statements of historical facts may be deemed to be forward-looking statements. Without limiting to the foregoing, the words believes, anticipates, plans, expects and similar expressions are intended to identify forward-looking statements. You are hereby cautioned that these statements may be affected by important factors, among others, set forth in Tivity Health's filings with the Securities and Exchange Commission and in today's news release. And consequently, actual operations and results may differ materially from the results discussed in the forward-looking statements. The Company undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise.

And now I'll turn the conference over to the Company's Chief Executive Officer, Mr. Donato Tramuto.

Donato Tramuto

Thank you very much, operator, and good afternoon to everyone on the call. Thank you for being with us today for Tivity Health's first quarter 2018 conference call. I'm also joined today by Adam Holland, our Chief Financial Officer. However and before I get started, allow me this opportunity to provide a brief update on Chip. He is doing well with his recovery, and we are all hopeful he will be back with us sometime next month. He is extremely grateful for all of your well wishes and your prayers.

I'd like to now give just a high-level review of some of the numbers from the quarter. I'll then turn it over to Adam, who will lead us off with a detailed review of our first quarter financial results and a look at our financial guidance for 2018, which we are today reaffirming. Then I'll conclude today's prepared remarks with a review of some highlights from the quarter, and I'll look at the exciting developments ahead of us for the remainder of 2018. We'll then open up the call for your questions.

Before I begin, I want to reiterate what has been communicated in past earnings calls, and that is our culture of empowerment and first execution continues to be the hallmark of our success at Tivity. And I'd like to take this opportunity now to thank the nearly 500 colleagues whose dedication and focus on managing