The Western Union Company (NYSE:WU) Q1 2022 Earnings Conference Call April 28, 2022 4:30 PM ET

Company Participants

Brad Windbigler - Head, Treasury and Investor Relations

Devin McGranahan - Chief Executive Officer

Raj Agrawal - Chief Financial Officer

Conference Call Participants

Bryan Keane - Deutsche Bank

David Togut - Evercore

Tien-tsin Huang - JPMorgan

Ashwin Shirvaikar - Citi

Darrin Peller - Wolfe Research

Ken Suchoski - Autonomous

Rayna Kumar - UBS

Jason Kupferberg - Bank of America

Operator

Good day and welcome to the Western Union First Quarter 2022 Results Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Brad Windbigler, Head of Treasury and Investor Relations. Brad, please go ahead.

Brad Windbigler

Thank you. On today’s call, we will discuss the company’s first quarter 2022 results, our updated financial outlook for 2022 and then we will take your questions. Slides that accompany this call and webcast can be found at westernunion.com under the Investor Relations tab and will remain available after the call. Additional operational statistics have been provided in supplemental tables with our press release. On our call today is our CEO, Devin McGranahan; and our CFO, Raj Agrawal.

Today’s call is being recorded and our comments include forward-looking statements. Please refer to the cautionary language in the earnings release and in Western Union’s filings with the Securities and Exchange Commission, including the 2021 Form 10-K for additional information concerning factors that could cause actual results to differ materially from forward-looking statements.

During the call, we will discuss some items that do not conform to generally accepted accounting principles. We have reconciled those items to the most comparable GAAP measures on our website, westernunion.com under the Investor Relations section. We will also discuss certain adjusted metrics. The expenses that have been excluded from adjusted metrics are specific to certain initiatives, but maybe similar to the types of expenses that the company has previously incurred and can reasonably expect to incur in the future. All statements made by Western Union officers on this call are the property of the Western Union Company and subject to copyright protection. Other than the replay noted in our press release, Western Union has not authorized and disclaims responsibility for any recording, replay or distribution of any transcription of this call.

I will now turn the call over to our CEO, Devin McGranahan.