Lender Processing Services’ CEO Discusses Q2 2011 Results – Earnings Call Transcript

Lender Processing Services, Inc. (LPS) Q2 2011 Earnings Call July 26, 2011 8:00 AM ET


Please stand by as we are about to begin. Good day and welcome to the Lender Processing Services Second Quarter Earnings Conference Call. Today’s conference is being recorded. Your participation on this call is implied consent. If you do not wish to be recorded, then please disconnect at this time.

At this time, I would like to turn the conference over to Mr. Parag Bhansali, EVP of Corporate Development. Please go ahead, sir.

Parag Bhansali

Thank you. Good morning and welcome to LPS’s second quarter 2011 earnings conference call. Joining me today to review LPS’s second quarter results are Lee Kennedy, Chairman and Interim CEO and Tom Schilling, CFO.

Our discussion today will contain some references to non-GAAP results in order to provide a more meaningful presentation and comparison to prior period financials. Reconciliations between GAAP and non-GAAP results have been provided in the earnings release which is available on our website. Similar to prior quarters, we’ll be using a slide presentation to facilitate today’s review of second quarter results and guidance for the third quarter as well as some qualitative comments about full-year 2011. These slides are on our website as well for easy reference. At this time, I would like to remind you that some of the comments made on today’s call will contain forward-looking statements. These statements are subject to various risks and uncertainties as described in our earnings release, 10-K and other filings with the SEC. The company expressly disclaims any duty to update or revise those forward-looking statements, including quarterly guidance.

With that, I’ll turn the call over to Lee.

Lee Kennedy

Thanks, Parag, and good morning, everybody. Thanks for joining us today. I’ll kick-off today’s call with a brief summary of second quarter results, followed by an update on key customer wins and initiatives, our progress in resolving the regulatory and legal issues facing LPS and conclude with the review of my key priorities for the next few months. Tom Schilling will follow with a detailed review of the second quarter financial results, including key business strength and guidance for the third quarter.

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You can check out the rest of the transcript with Q&A here…