FUN - Cedar Fair L.P. Limited Partnership Units (FUN) Q1 2024 Earnings Call Transcript
2024-05-09 14:48:09 ET
Cedar Fair, L.P. Limited Partnership Units (FUN)
Q1 2024 Earnings Conference Call
May 09, 2024 10:00 AM ET
Company Participants
Michael Russell – Corporate Director-Investor Relations
Brian Witherow – Executive Vice President and Chief Financial Officer
Richard Zimmerman – President and Chief Executive Officer
Conference Call Participants
Steve Wieczynski – Stifel
James Hardiman – Citi
Ian Zaffino – Oppenheimer
Chris Woronka – Deutsche Bank
Lizzie Dove – Goldman Sachs
Thomas Yeh – Morgan Stanley
Presentation
Operator
Good day and welcome to the Cedar Fair Entertainment Company 2024 First Quarter Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] And finally, I would like to advise all participants this call is being recorded. Thank you.
I'd now like to hand over to Cedar Fair.
Michael Russell
Thank you, Gavin, and good morning to everyone. My name is Michael Russell, Corporate Director of Investor Relations for Cedar Fair. Welcome to today's earnings call to review our 2024 first quarter results for the period ended March 31. 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 Cedar Fair's Chief Executive Officer, Richard Zimmerman; and our Chief Financial Officer, Brian Witherow.
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 those 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. Before I begin, I want to reiterate that the purpose of today's call is to discuss the 2024 first quarter results and answer related questions. During Q&A, management will not be taking questions about the proposed merger with Six Flags.
With that, I would like to introduce our CEO, Richard Zimmerman. Richard?
Richard Zimmerman
Thank you, Michael. Good morning and thanks to everyone for joining us today. Before we discuss our results, let me provide a quick update on where we stand in terms of the proposed merger with Six Flags. Back in March, Six Flags shareholders overwhelmingly approved the merger-of-equals transaction, which we continue to believe will be completed before the end of the second quarter. At this time, we have substantially complied fully with the Department of Justice second request, and both companies continue to work constructively with the DOJ in its ongoing review of the merger. At the same time, our teams have been working diligently to complete the initial phases of a joint integration plan that upon closing of the transaction will allow us to bring our two strong companies together efficiently and effectively and realize the full potential of the strategic combination. Naturally, as this process moves forward, we will keep the market apprised of other material events....
Cedar Fair, L.P. Limited Partnership Units (FUN) Q1 2024 Earnings Call Transcript