CA - Sienna Senior Living Inc. (LWSCF) Q1 2024 Earnings Call Transcript

2024-05-10 11:23:02 ET

Sienna Senior Living Inc. (LWSCF)

Q1 2024 Earnings Conference Call

May 10, 2024, 09:00 AM ET

Company Participants

Nitin Jain - President and Chief Executive Officer

David Hung - Chief Financial Officer and Executive Vice President

Conference Call Participants

Jonathan Kelcher - TD Cowen

Lorne Kalma - Desjardins

Himanshu Gupta - Scotiabank

Pammi Bir - RBC Capital Markets

Jake Stivaletti - CIBC

Presentation

Operator

Ladies and gentlemen, welcome to Sienna Senior Living Incorporated's First Quarter 2024 Conference Call. Today's call is hosted by Nitin Jain, President and Chief Executive Officer; and David Hung, Chief Financial Officer of Sienna Senior Living Incorporated.

Please be aware that certain statements or information discussed today are forward-looking and actual results could differ materially. The company does not undertake to update any forward-looking statements or information. Please refer to the forward-looking information and Risk Factors sections in the company's public filings, including its most recent MD&A and AIF for more information. You will also find a more fulsome discussion of the company's results in its MD&A and financial statements for the period, which are posted on SEDAR+ and can be found on the company's website, siennaliving.ca.

Today's call is being recorded and a replay will be available. Instructions for accessing the call are posted on the company's website, and the details are provided in the company's news release. The company has posted slides, which accompany the hosts' remarks on the company's website under Events and Presentations. [Operator Instructions]

With that, I will turn the call to Mr. Jain. Please go ahead, Mr. Jain.

Nitin Jain

Thank you, Kat. Good morning, everyone, and thank you for joining us on our call today. We are up to a great start in this year. Our first quarter results highlight that we have transitioned into a period of stability and growth. We are grateful to the Governments of Ontario and British Columbia who continue to prioritize seniors and the growing need for long-term care. The recent funding announcements recognize the exceptional cost pressures operators in long-term care have experienced over the past four years....

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