Molina Healthcare Q4 2008 Earnings Call Transcript

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2009-02-11 17:17:10.0

Tags: Call Transcript, Earnings, Conference, Investor Relations, Company, Financial Accounting, Finance, Seeking Alpha, Molina Healthcare Inc.

Earnings Call Excerpt

Molina Healthcare (MOH)

Q4 2008 Earnings Call

February 11, 2009; 05:00 pm ET

Executives

Juan Jose Orellana - Vice President of Investor Relations

Mario Molina - Chief Executive Officer

John Molina - Chief Financial Officer

Terry Bayer - Chief Operating Officer

James Howatt - Chief Medical Officer

Joseph White - Chief Accounting Officer

Analysts

Josh Raskin - Barclays Capital

Tom Carroll - Stifel Nicolaus

Scott Fidel - Deutsche Bank

Shelley Gnall - Goldman Sachs

John Rex - J.P. Morgan

Greg Nersessian - Credit Suisse

Carl McDonald - Oppenheimer & Co

Presentation

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Molina Healthcare Year-End Earnings Conference Call. (Operator Instructions) As a reminder, this conference is being recorded, Wednesday, February 11, 2009. I would now like to turn the conference over to Mr. Juan Jose Orellana, Vice President of Investor Relations with Molina Healthcare.

Juan Jose Orellana

Thank you, Mohamed. Hello everyone, and thank you for joining us. The purpose of this call is to discuss Molina Healthcare’s financial results for the fourth quarter and year ended December 31, 2008. The Company’s earnings release reporting its results was issued today after the market close, and is now posted for viewing on our Company website.

We would also like to thank those of you who attended our Investor Day in New York City on January 22, or listened to a webcast of the conference. For those who have not done so already, we encourage you to listen to the webcast, as we covered a variety of topics, including a detailed review of our 2009 outlook during our management presentations.

On the call with me today are several members of our executive team, Dr. Mario Molina, our Chief Executive Officer; John Molina, our Chief Financial Officer; Terry Bayer, our Chief Operating Officer; Dr. James Howatt, our Chief Medical Officer; and Joseph White, our Chief Accounting Officer. After the completion of our prepared remarks we will open the call to take your questions.

I also would like to remind you that our comments today contain numerous forward-looking statements under the Safe Harbor provisions of the Private Securities Litigation Reform Act. All of our forward-looking statements are based on our current expectations and assumptions that are subject to numerous risks, uncertainties and other factors that could cause our actual results to differ materially. A description of such risk factors can be found in our earnings release, our 10-K annual report, and our 10-Q quarterly reports filed with Securities and Exchange Commission. These reports can be accessed under the Investor Relations tab of our Company website or on the SEC’s website.

 

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