Brookdale Senior Living, Inc. (NYSE:BKD) Q2 2023 Earnings Conference Call August 8, 2023 9:00 AM ET

Company Participants

Jessica Hazel - Vice President-Investor Relations

Lucinda Baier - President, Chief Executive Officer and Director

Dawn Kussow - Executive Vice President and Chief Financial Officer

Conference Call Participants

Ben Hendrix - RBC Capital Markets

Joshua Raskin - Nephron Research LLC

Joanna Gajuk - Bank of America

Steven Valiquette - Barclays Investment Bank

Operator

Hello, everyone and welcome to Brookdale Senior Living's Second Quarter Earnings Conference Call. My name is Bruno and I'll be operating your call today. [Operator Instructions]

I will now hand over to your host, Jessica Hazel, Vice President of Investor relations. Please go ahead.

Jessica Hazel

Thank you and good morning. I'd like to welcome you to the second quarter 2023 earnings call for Brookdale Senior Living.

Joining us today are Cindy Baier, our president and Chief Executive Officer and Dawn Kussow, our Executive Vice President and Chief Financial Officer. All statements today which are not historical facts may be deemed to be forward-looking statements within the meaning of the Federal Securities Laws. These statements are made as of today's date and we expressly disclaim any obligation to update these statements in the future. Actual results and performance may differ materially from forward-looking statements.

Certain of the factors that could cause actual results to differ are detailed in the earnings release we issued yesterday, as well as in the reports we filed with the SEC from time to time, including the risk factors contained in our Annual Report on Form 10-K and quarterly reports on Form 10-Q.

I direct you to the release for the full Safe Harbor statement. Also, please note that during this call, we will present non-GAAP financial measures. for reconciliations of each non-GAAP measure from the most comparable GAAP measure, I direct you to the release and supplemental information, which may be found at brookdaleinvestors.com and was furnished on an 8-K yesterday.

Now, I will turn the call over to Cindy.

Lucinda Baier

Thank you, Jessica. Good morning to all of our shareholders, analysts and other participants. Welcome to our second quarter 2023 earnings call. I am pleased to announce that we have delivered remarkable year-over-year results for the first half of 2023, supported by our strategic priorities and ongoing initiatives, and are positioned for extraordinary future growth.

For the second consecutive quarter, our adjusted EBITDA results exceeded our guidance. We are incredibly focused on execution of our recovery strategy that prioritizes profitable and sustainable long-term growth through operational excellence of our key strategic priorities.