Earnings Call Excerpt
IMAX Corporation (IMAX)
Q1 2006 Earnings Conference Call
May 9, 2006, 9:30 AM Eastern
Executives
Brad Wechsler, Co-Chairman, Co-Chief Executive Officer
Rich Gelfond, Co-Chief Executive Officer
Frank Joyce, Chief Financial Officer
Analysts
Eric Wold, Merriman Curhan Ford & Co.
Richard Ingrassia, Roth Capital Partners
Ken Silver, CRT Capital
Matthew Harrigan, Janco Partners
Michael Kelman, Susquehanna Financial Group
David Marsh, Friedman, Billings, Ramsey
Dennis McAlpine, McAlpine & Associates
Operator
Welcome to IMAX Corporate 1st Quarter Earnings Conference Call. Today’s call is being recorded. At this time, I would like to turn the conference over to Mr. Brad Wechsler for opening remarks and introductions. Mr. Wechsler, please go ahead.
Presentation:
Brad Wechsler, Co-Chairman, Co-Chief Executive Officer
Thank you. Good morning, everyone and thanks for joining us today for our 1st quarter 2006 Conference Call. Joining me as always, is my partner, Co-Chairman and Co-CEO, Rich Gelfond; also with us are our General Counsel, Rob Lister and our CFO, Frank Joyce.
Before we begin, let me remind you that the 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 results, 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 10Q we are filing later today.
Our 1st quarter 2006 financial results were issued this morning in a press release for all of you to review. During today’s call, references will be made to certain non-GAAP financial measures as defined by Regulation G of the SEC. Discussion of management use of these measurements and reconciliations to GAAP measures are contained in the company’s 1st quarter earnings release and our 10Q. The full text of the earnings release along with a supporting financial table is available on our website www.imax.com.
First, let me briefly outline the agenda for today’s call. I’ll review our 1st quarter financial and operating results, I’ll then turn it over to Rich for our current outlook and an update on the process underway to produce strategic alternatives for the company; finally we’ll open the call up for your questions. But before I begin, on the nuts and bolts of our operations and before I turn it over to Rich, I’d like to release to the elephant in the room and tell you our strategic alternatives process is proceeding nicely and the interest expressed in IMAX to date has been described by our bankers as robust; now to the financials.
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