Cedar Fair, L.P. (NYSE:FUN) Q1 2022 Results Earnings Conference Call May 4, 2022 10:00 AM ET

Company Participants

Michael Russell - Corporate Director, IR

Richard Zimmerman - President and CEO

Brian Witherow - EVP and CFO

Conference Call Participants

Eric Wold - B. Riley Securities

Ben Chaiken - Credit Suisse

Chris Woronka - Deutsche Bank

Stephen Grambling - Goldman Sachs

Steve Wieczynski - Stifel

Paul Golding - Macquarie Capital

James Hardiman - Citi

Operator

Good morning. My name is David, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Cedar Fair Entertainment Company 2022 First Quarter Earnings Call. Today's conference is being recorded. All lines have been placed on mote to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions]

I'll now turn the call over to management. Please, begin.

Michael Russell

Thank you, David, and good morning, everyone. My name is Michael Russell, Corporate Director of Investor Relations for Cedar Fair. Welcome to today's earnings call to review our first quarter results ended March 27, 2022. Earlier this morning, we distributed via wire service our earnings press release, a copy of which is available under the News tab of our investors website at ir.cedarfair.com.

On the call with me this morning are Richard Zimmerman, Cedar Fair President and CEO; and Brian Witherow, our Executive Vice President and CFO. Before we begin, I need to remind you that comments made during this call will include forward-looking statements within the meaning of the federal securities laws. These statements may involve risks and uncertainties that could cause actual results to differ from those described in such statements. For a more detailed discussion of these risks, you may refer to the company's filings with the SEC. In compliance with the SEC's Regulation FD, this webcast is being made available to the media and the general public as well as analysts and investors. Because the webcast is open to all constituents and prior notification has been widely and unselectively disseminated, all content on this call will be considered fully disclosed.

With that, I would like to introduce our CEO, Richard Zimmerman. Richard?

Richard Zimmerman

Thank you, Michael, and good morning, everyone. We appreciate you joining us for today's call. Our prepared remarks this morning will be focused on the following three areas. First, I'll provide an overview of our operating results and early season performance trends through May 1. Second, Brian will review our quarterly financial results in more detail and provide additional color on drivers of our revenue growth and the steps we are taking to manage operating costs and expenses and expand our margins. Finally, with the remainder of our parks opening over the next few weeks, I will close with a summary of our outlook for the 2022 season.