Earnings Call Excerpt
IMAX (IMAX)
Q3 2006 Earnings Call
November 9, 2006 8:00 am ET
Executives:
Brad Wechsler, Co-Chairman, Co-Chief Executive Officer
Rich Gelfond, Co-Chief Executive Officer
Ed MacNeil, CFO
Analysts:
Richard Ingrassia, Roth Capital Partners
Ken Silver, CRT Capital
Michael Kelman, Susquehanna Financial Group
Eric Wold, Merriman Curhan Ford
Anthony Gikas, Piper Jaffray
George Smith
Josh Clark, South Wing Capital
Presentation
Operator
Thank you for standing by everyone, welcome to the IMAX Corporation’s Third Quarter Earnings Conference Call. Just a quick reminder this conference is being recorded. Now at this time I’d like to turn the conference over to Rich Gelfond for opening remarks and introduction. Please go ahead sir.
Rich Gelfond, Co-Chief Executive Officer
Good morning and thanks for joining us today for our third quarter 2006 conference call. Joining is my partner Co-Chairman and Co-CEO Brad Wechsler, also with us is our Interim CFO Ed MacNeil. Our objective on today’s call is to discuss with you in greater detail the strategic initiatives IMAX is undertaking to grow its business profitably for the long term. Specifically, we will focus on how we expect our transition to digital to work and our accelerated efforts in joint ventures. We will therefore keep our comments brief on our operating numbers for the quarter ended September 30, 2006. These results are discussed in both the press release we issued yesterday as well as the 10-Q we will be filling for the period.
Before we begin, let me remind you of the following information regarding forward-looking statements. Our comments and answers to your questions on this call may include statements that are forward-looking, in that they pertain to future results or occurrences. Actual future results or occurrences may differ materially from these forward-looking statements. Please refer to our SEC filings for a more detailed discussion of some of the factors that could affect our future results and occurrences including the 10-Q we are filing today.
During today’s call, references will be made to certain non-GAAP financial measures as defined by Regulation G of the Securities and Exchange Commission. Discussion of management’s use of these measures and reconciliations to GAAP measures are contained in the company’s third quarter earnings release and our 10-Q. The full text of the earnings release along with supporting financial tables is available on our website www.imax.com. Please note that later on the call we will be referencing slides that are being simultaneously webcast on www.imax.com. To access the presentation, please click on Company Info and then click Investor Relations.
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