Michael Flanagan | Senior Director, IR |
Elizabeth Boland | CFO |
Stephen Kramer | CEO |
Ryan Leonard | Barclays |
Andrew Steinerman | JPMorgan |
Mario Cortellacci | Jefferies |
Gary Bisbee | Bank of America |
Blake Johnson | Goldman Sachs |
Toni Kaplan | Morgan Stanley |
Jeff Meuler | Baird |
Greetings, and welcome to the Bright Horizons Family Solutions Fourth Quarter 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
I'd like to turn the conference over to your host, Mr.