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Tesco Corporation Q1 2010 Earnings Call Transcript

Tesco Corporation (TESO)

Q1 2010 Earnings Call

May 7, 2010; 11:00 am ET

Executives

Julio Quintana - President & Chief Executive Officer

Bob Kayl - Chief Financial Officer

Analysts

Neal Dingmann - Wunderlich Securities

Chris Glasine - Simmons & Company

John Keller - Stephens Inc.

Terese Fabian - Sidoti & Co.

William Conroy - Pritchard Capital

Daniel Burke - Johnson Rice

David Griffiths - Unidentified Company

Doug Garber - FBR Capital Markets

Presentation

Operator

Good day ladies and gentlemen, and welcome to the TESCO Corporation, first quarter 2010 earnings call. At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions)

I would now like to introduce your host for today’s conference, Mr. Julio Quintana, President and CEO.

Julio Quintana

Thank you Betty. Good morning ladies and gentlemen, and welcome to TESCO’s first quarter 2010 earnings conference call. I’m Julio Quintana, TESCO’s President and CEO and I’ll be hosting our call today. Bob Kayl, our Chief Financial Officer is with me on the call.

I’ll begin with some general comments on the quarter, then Bob will give you an overview of our financial results. Following Bob’s remarks I’ll return and provide an update on our business plans for the future.

Before I begin it is important to note that during the course of this call, Bob and I will make forward-looking statements within the meaning of the Private Securities Litigation Act of 1995 and Canadian Securities Legislation. These statements are based on current expectations that involve risks and uncertainties, which could cause actual results to vary from those anticipated.

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