SABR - Sabre Corporation (SABR) Q1 2024 Earnings Call Transcript

2024-05-02 15:30:15 ET

Sabre Corporation (SABR)

Q1 2024 Earnings Conference Call

May 02, 2024 09:00 AM ET

Company Participants

Brian Evans - Senior Vice President of Investor Relations and Treasurer

Kurt Ekert - President and Chief Executive Officer

Mike Randolfi - Chief Financial Officer

Scott Wilson - Executive Vice President and President of Hospitality Solutions

Conference Call Participants

Jed Kelly - Oppenheimer

James Lee - Mizuho

Brett Knoblauch - Cantor Fitzgerald

Dan Wasiolek - Morningstar

Alex Irving - Bernstein

Victor Cheng - Bank of America

Ryan Bressner - Morgan Stanley

Presentation

Operator

Good morning and welcome to the Sabre First Quarter 2024 Earnings Conference Call. My name is Gerald and I will be your operator. As a reminder, please note today's call is being recorded.

I will now turn the call over to the Senior Vice President of Investor Relations and Treasurer, Brian Evans. Please go ahead, sir.

Brian Evans

Thank you, and good morning everyone. Welcome to Sabre's first quarter 2024 earnings call. This morning we issued an earnings press release, which is available on our website at investors.sabre.com. A slide presentation, which accompanies today's prepared remarks, is also available during this call on the Sabre Investor Relations web page. A replay of today's call will be available on our website later this morning. We advise you that our comments contain forward-looking statements that represent our beliefs or expectations about future events, including the effects of cost efficiencies and growth strategies, distribution volumes, benefits from our technology transformation, commercial and strategic arrangements, our financial guidance and targets, free cash flow, and liquidity, among others.

All forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from the statements made on today's conference call. More information on these risks and uncertainties is contained in our earnings release issued this morning and our SEC filings, including our Form 10-Q for the quarter ended March 31, 2024. Throughout today's call, we will also be presenting certain non-GAAP financial measures. References during today's call to adjusted EBITDA, adjusted EBITDA margin, adjusted EPS and free cash flow have been adjusted to exclude certain items....

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