Brookdale (BKD) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool Thu, May 7, 2026 at 11:41 PM GMT+7 41 min read BKD Image source: The Motley Fool. Chief Executive Officer — Nikolas Stengle Executive Vice President and Chief Financial Officer — Dawn L. Kussow Executive Vice President, General Counsel, and Secretary — Chad C. White Need a quote from a Motley Fool analyst? Email pr@fool.com Michael Grant: Thank you, Operator. Good morning, everyone, and welcome to Brookdale Senior Living Inc.’s first quarter 2026 earnings call. Participating on today s call are Nikolas Stengle, Brookdale Senior Living Inc.’s Chief Executive Officer; Dawn L. Kussow, our executive vice president and chief financial officer; and Chad C. White, our executive vice president, general counsel, and secretary. On today s call, we will discuss first quarter 2026 results as well as our financial guidance for the 2026 year. We will also provide other general business updates. During today s call, our remarks, including our answers to your questions, will include forward-looking statements pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act. These statements are made as of today s date and we expressly disclaim any obligation to update these statements in the future. Actual results and performance may differ materially from forward-looking statements. Certain of the factors that could cause actual results to differ are detailed in the earnings release we issued after market yesterday as well as in our Securities and Exchange Commission filings, including the risk factors described in our Annual Report on Form 10-Ks and Quarterly Reports on Form 10-Qs. I direct you to the earnings release for the full Safe Harbor statement. Also, note that during this call, management will discuss non-GAAP financial measures. For reconciliations of each non-GAAP measure to the most comparable GAAP measure, I direct you to the earnings release and to the company s quarterly supplemental financial information which may be found at brookdaleinvestors.com and was furnished on 8-Ks yesterday. With that, it is my pleasure to turn the call over to our CEO, Nikolas Stengle. Thank you, Michael, and good morning, everyone. Nikolas Stengle: I appreciate you for joining us on today s call and for your interest in Brookdale Senior Living Inc. Before I get into the details of the quarter, I would like to highlight that I have been Brookdale Senior Living Inc.’s CEO for just over seven months. During this time, we have continued the transformational pivot that began nearly a year ago towards Brookdale Senior Living Inc. being, first and foremost, an operating company while also acknowledging and taking advantage of the fact we are a company that is built upon a foundation of specialized senior housing real estate that is becoming increasingly scarce with each passing quarter. Brookdale Senior Living Inc.’s pivot has included meaningful changes in our structure, which in turn define the company that we are. While some of these changes were temporarily disruptive during the fourth quarter and the first couple months of 2026, as any structural change can be, they are absolutely critical in properly positioning our company for this very moment and for the future. As I will describe in more detail shortly, we are already seeing the positive impacts of these changes in our March and April results, and those results give us renewed confidence in the annual guidance and multiyear projections we presented earlier this year. Let me recap some of these changes. First, in October, we implemented our regional leadership structure and redefined reporting relationships at all levels of our company. We created six geographic regions, each led by a single regional vice president of operations, and a dedicated regional leadership team encompassing all the key functions of a senior living company. We repositioned ourselves, in effect, as six companies of roughly 85 communities each, while still supported with the resources available from our corporate headquarters team. Second, in November, we hired Mary Sue Patchett to the role of chief operating officer, Brookdale Senior Living Inc.’s first COO in over a decade. Then in short order, we further bolstered our operations-first approach by formally aligning the operating model at every layer of the company. Practically, this means that our operations team, our sales team, and our clinical team share a common structure and alignment at every level of the company. At the executive level, this means that our head of sales and head of clinical now both report into our COO. This improved structure makes a clear connection with a single line of enablement and a single line of accountability from our executive leadership team, namely me as the CEO, down into each of our communities. With this significant reorganization, many of our community executive directors and other key field leaders experienced a change in their reporti

Brookdale (BKD) Q1 2026 Earnings Call Transcript

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Brookdale (BKD) Q1 2026 Earnings Call Transcript

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