Earnings Call Excerpt
Monster Worldwide (MNST)
Q4 2005 Earnings Conference Call
February 1st 2006, 10:00 AM.
Executives:
Bob Jones, Vice President, Investor Relations
Andy McKelvey, Chairman and Chief Executive Officer
Lanny Baker, Senior Vice President and Chief Financial Officer
Steve Pogorzelski, President - International Group
Doug Klinger, President - Monster North America
Analysts:
Jeetil Patel, Deutsche Banc
Imran Khan, JPMorgan
Christa Quarles, Thomas Weisel Partners
Douglas Arthur, Morgan Stanley
Peter Appert, Goldman Sachs
Mark Mahaney, Citigroup
Bill Morrison, JMP Securities
Steven Barlow, Prudential Equity Group
Presentation
Operator
Welcome to the Monster Worldwide fourth quarter and full year 2005 operating results conference call. Operator Instructions As a reminder, this conference is being recorded. I would now like the turn the conference over to Bob Jones, Vice President of Investor Relations. Please go ahead, sir.
Bob Jones, Vice President, Investor Relations
Good morning, and thank you for joining us on Monster Worldwide's fourth quarter and full year 2005 conference call. We will have formal remarks from Andy McKelvey, Chairman and Chief Executive Officer, and Lanny Baker, Chief Financial Officer. Bill Pastore, Chief Operating Officer, Steve Pogorzelski, International Group President, and Doug Klinger, President of Monster North America, will join them in answering your questions following the formal remarks.
Before we begin, I would like to remind you that except for historical information, the statements made during this conference call constitute forward-looking statements under applicable Securities laws. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the Company's strategic direction, prospects, and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, risk associated with acquisitions, competition, seasonality, and other risks discussed in our Form 10-K and our filings made with the Securities and Exchange Commission. With that, I would like to turn the call over to Andy for his remarks.
Andy McKelvey, Chairman and Chief Executive Officer
Thanks, Bob. And certainly, welcome to Monster's fourth quarter and year end conference call. Outstanding fourth quarter financial results cap off another terrific year in the short history of Monster Worldwide. Our solid organic revenue growth, significant earnings increase, and a strong cash flow generation, demonstrates the power of our business model. These achievements spotlight the consistent execution delivered by our operating management team, and Monster's dedicated associates. Before getting the into the details of the quarter results, I think it is important to take a step back and briefly reflect on the year, from the big picture perspective. Internally we set strategic priorities, focus on Monster. Repeat, focus on Monster. Be a local leader, expand internationally, and leverage our multiple sales channel. And we executed on these priorities. We delivered on our financial goals and in some cases, even exceeded our expectations. We diligently invested internally in key areas that we believe will propel future growth.
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