ModivCare Inc. (NASDAQ:MODV) Q2 2021 Earnings Conference Call August 4, 2022 8:00 AM ET

Company Participants

Kevin Ellich - Head of Investor Relations

Heath Sampson - Interim Chief Executive Officer and Chief Financial Officer

Conference Call Participants

Brian Tanquilut - Jefferies

Bob Labick - CJS Securities

Scott Fidel - Stephens Inc.

Brooks O'Neil - Lake Street Capital Markets

Kieran Ryan - Deutsche Bank

Mike Petusky - Barrington Research

Operator

Good morning, and welcome to ModivCare's Second Quarter 2022 Financial Results Conference Call. [Operator Instructions] Please note, this conference call is being recorded.

I will now turn the call over to Kevin Ellich, Head of Investor Relations. Mr. Ellich, you may now begin.

Kevin Ellich

Good morning, and thank you for joining ModivCare's second quarter 2022 earnings conference call and webcast. With me today is Heath Sampson, Interim Chief Executive Officer and Chief Financial Officer.

Before we get started, I want to remind everyone that today's call management will make forward-looking statements under the Private Securities Litigation Reform Act. These statements involve risks, uncertainties and other factors that may cause actual results or events to differ materially from expectations. Information regarding these factors is contained in today's press release and the company's filings with the SEC.

We will also discuss non-GAAP financial measures to provide additional information to investors. A definition of these non-GAAP financial measures and a reconciliation to the most directly comparable GAAP financial measures is included in our press release and Form 8-K. A replay of this conference call will be available approximately 1 hour after today's call concludes and will be posted on our website, modivcare.com.

This morning, Heath Sampson will begin with opening remarks, and then he will discuss the details of our second quarter financial results and outlook. Then we will open the call for questions. With that, I'll turn the call over to Heath. Please go ahead.

Heath Sampson

Thank you, Kevin, and good morning, everyone. Today, I will provide some high-level comments on our second quarter results and highlights for our 2 businesses: ModivCare mobility and home. Then I will review our financial results and outlook before we open the call to questions.

Before I review our financial results, I would like to address the announcement we made earlier this week. We issued a press release indicating that Dan Greenleaf is no longer ModivCare's CEO or a member of the Board. Our Board of Directors has appointed me as Interim CEO. I appreciate the opportunity the Board has provided me, and I look forward to serving and leading our nearly 20,000 team members that provide essential supportive care services to approximately 34 million members. I've been here for 1.5 years and have had the opportunity to lead operations for both segments and help grow the company to where it is today. I have more conviction about our future now more than ever before, and it's because of the tremendous work the entire organization has accomplished over the last few years. My conviction is also because we have unique businesses and capabilities that nobody else has combined. And with disciplined yet innovative execution, we will continue to capture the supportive care market tailwinds. Our business fundamentals, financial performance, strategic position and our long-term growth strategy remain strong.