Exactech Inc.Q1 2010 Earnings Call Transcript

Exactech Inc. (EXAC)

Q1 2010 Earnings Call

April 28, 2010 10:00 pm ET

Executives

Bill Petty - Chairman, CEO

Jody Phillips - CFO

David Petty - President, Director

Analysts

Jeff Johnson - Robert W. Baird

Bill Plovanic - Canaccord Wealth Management

Robert Gold – Brigantine Advisors

James Terwilliger - Duncan Williams Incorporated

James Sidoti – Sidoti & Company

Presentation

Operator

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Good day ladies and gentlemen, thank you for standing by. Welcome to the Exactech Incorporated First Quarter 2010 Earnings Conference Call. During today’s presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be opened for questions. (Operator Instructions). This conference is being recorded today, Wednesday, April 28, 2010.

I would now like to turn the conference over to Chief Executive Officer, Bill Petty, please go ahead sir.

Bill Petty

Thank you, Elisa good morning from Exactech. Spring has arrived in Gainesville finally and it has where you are or will soon. We will begin with the usual disclaimer. This release contains various forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. They represent the company’s expectations or beliefs concerning future events of the company’s financial performance.

These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These factors include the effect of competitive pricing, the company’s dependence on the ability of third-party manufacturers to produce components on a basis, which is cost-effective to the company, and market acceptance of the company’s products, and the effects of government regulations and other factors. Results actually achieved may differ materially from the expected results included in the statements.