SelectQuote Changes Date of Fiscal Fourth Quarter and Full Year 2022 Earnings Call

Rhea-AI Summary

SelectQuote, Inc. (NYSE: SLQT) is in advanced talks with lenders to amend its credit agreement, ensuring continued compliance with debt covenants. The company plans to release its fiscal Q4 and full-year 2022 results on August 29, 2022, before market opening. CEO Tim Danker and Interim CFO Ryan Clement will hold a conference call at 8:30 am ET the same day to discuss the results. Notably, a definitive agreement with lenders is expected by that date.

Positive

• Engagement with lenders indicates proactive financial management.
• Upcoming financial results might provide clarity on future performance.

Negative

• Amending credit agreements may signal underlying financial challenges.
• Uncertainty regarding the final terms of the lender agreement could impact investor confidence.

OVERLAND PARK, Kan.--(BUSINESS WIRE)-- SelectQuote, Inc. (NYSE: SLQT), a pioneer in providing consumers with unbiased price comparisons from some of the most trusted insurance carriers, announced today it is in advanced discussions with its lenders regarding an amendment to its credit agreement to enable continued compliance with its debt covenants. As a result, SelectQuote will now release its fiscal fourth quarter and full year 2022 financial results before the market opens on Monday, August 29, 2022, by which point the Company expects that a definitive agreement will be in place. Chief Executive Officer, Tim Danker, and Interim Chief Financial Officer, Ryan Clement, will host a conference call on the day of the release (August 29, 2022) at 8:30 am ET to discuss the results.

To register for this conference call, please use this link: https://ige.netroadshow.com/registration/q4inc/11325/selectquote-fiscal-4q-and-full-year-2022-earnings-call/

After registering, a confirmation will be sent via email, including dial in details and unique conference call codes for entry. Registration is open through the live call, but to ensure you are connected for the full call we suggest registering a day in advance or at minimum 10 minutes before the start of the call. The event will also be webcasted live via our investor relations website https://ir.selectquote.com/investor-home/default.aspx or via this link.

Forward Looking Statement

This release contains forward-looking statements. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. These statements are often, but not always, made through the use of words or phrases such as “may,” “should,” “could,” “predict,” “potential,” “believe,” “will likely result,” “expect,” “continue,” “will,” “anticipate,” “seek,” “estimate,” “intend,” “plan,” “projection,” “would” and “outlook,” or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements.

There are or will be important factors that could cause our actual results to differ materially from those indicated in these forward-looking statements, including, but not limited to, the fact that there can be no assurance that a definitive agreement with the Company’s lenders will be reached on the terms of the non-binding agreement in principle or at all, or any assurance on what timeline any such definitive agreement may be reached. For a further discussion of other risk factors that could impact our future results and performance, see the section entitled “Risk Factors” in the most recent Annual Report on Form 10-K (the “Annual Report”) filed by us with the Securities and Exchange Commission. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as otherwise required by law, we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

About SelectQuote:

Founded in 1985, SelectQuote (NYSE: SLQT) provides solutions that help consumers protect their most valuable assets: their families, health and property. SelectQuote pioneered the model of providing unbiased comparisons from multiple, highly-rated insurance companies allowing consumers to choose the policy and terms that best meet their unique needs. Two foundational pillars underpin the company’s success: a strong force of highly-trained and skilled agents who provide a consultative needs analysis for every consumer, and proprietary technology that sources and routes high-quality leads. SelectQuote has three core business lines: SelectQuote Senior, SelectQuote Life and SelectQuote Auto and Home. SelectQuote Senior, the largest and fastest-growing business, serves the needs of a demographic that sees 10,000 people turn 65 each day with a range of Medicare Advantage and Medicare Supplement plans. In 2021, SelectQuote expanded its business with the addition of Population Health, a healthcare services company, and SelectRx, a specialty medication management pharmacy.

Source: SelectQuote, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220816005751/en/

Investor Relations:

Sloan Bohlen

877-678-4083

investorrelations@selectquote.com

Media:

Matt Gunter

913-286-4931

matt.gunter@selectquote.com

Source: SelectQuote, Inc.

FAQ

When will SelectQuote release its Q4 and full-year 2022 financial results?

SelectQuote is scheduled to release its financial results on August 29, 2022.

What time is the conference call for SelectQuote's financial results?

The conference call will be held at 8:30 am ET on August 29, 2022.

What is the purpose of SelectQuote's discussions with lenders?

The discussions aim to amend the credit agreement to ensure compliance with debt covenants.

What stock symbol does SelectQuote operate under?

SelectQuote operates under the stock symbol SLQT on the NYSE.