Molina Healthcare's (MOH) CEO Joe Zubretsky on Q3 2020 Results - Earnings Call Transcript

10/29/20

Molina Healthcare, Inc. (NYSE:MOH) Q3 2020 Earnings Conference Call October 29, 2020 8:00 AM ET

Company Participants

Julie Trudell – Senior Vice President of Investor Relations

Joe Zubretsky – President and Chief Executive Officer

Tom Tran – Chief Financial Officer

Conference Call Participants

Matthew Borsch – BMO Capital Markets

Kevin Fischbeck – Bank of America

Justin Lake – Wolfe Research

Dave Styblo – Jefferies

Josh Raskin – Nephron Research

Sarah James – Piper Sandler

Scott Fidel – Stephens

George Hill – Deutsche Bank

Stephen Tanal – SVB Leerink

Gary Taylor – JPMorgan

Charles Rhyee – Cowen

Operator

Hello, and welcome to the Molina Healthcare Third Quarter 2020 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, today’s event is being recorded.

I would now like to turn the conference over to Julie Trudell, Senior Vice President of Investor Relations at Molina Healthcare. Please go ahead.

Julie Trudell

Good morning, and welcome to Molina Healthcare’s third quarter 2020 earnings call. Joining me today are Molina’s President and CEO, Joe Zubretsky; and our CFO, Tom Tran. A press release announcing our third quarter earnings was distributed yesterday after the market closed and is available on our Investor Relations website. Shortly after the conclusion of this call, a replay will be available for 30 days. The numbers to access the replay are in the earnings release. For those who listen to the rebroadcast of this presentation, we remind you that the remarks made herein are as of today, Thursday, October 29, 2020, and have not been updated subsequent to the initial earnings call.

In this call, we’ll refer to certain non-GAAP measures. A reconciliation of these measures with the most directly comparable GAAP measures can be found in our third quarter 2020 earnings release. During our call, we will be making certain forward-looking statements, including, but not limited to, statements regarding the COVID-19 pandemic, the current environment, recent acquisitions, 2020 guidance and our longer-term outlook.

Listeners are cautioned that all of our forward-looking statements are subject to certain risks and uncertainties that can cause our actual results to differ materially from our current expectations. We advise listeners to review the risk factors discussed in our Form 10-K Annual Report for the 2019 year filed with the SEC as well as risk factors listed in our Form 10-Q and Form 8-K filings with the SEC. After the completion of our prepared remarks, we will open up the call and take your questions.

I would now like to turn the call over to our Chief Executive Officer, Joe Zubretsky. Joe?

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