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Cytec Industries' CEO Discusses Q1 2011 Results - Earnings Call Transcript

Cytec Industries (CYT)

Q1 2011 Earnings Call

April 25, 2011 11:00 am ET

Executives

David Drillock - Chief Financial Officer, Chief Accounting Officer and Vice President

Shane Fleming - Chairman, Chief Executive Officer and President

Jodi Allen - Investor Relations

Analysts

Michael Sison - KeyBanc Capital Markets Inc.

David Begleiter - Deutsche Bank AG

Robert Koort - Goldman Sachs Group Inc.

Laurence Alexander - Jefferies & Company, Inc.

P.J. Juvekar - Citigroup Inc

Presentation

Operator

Good day, and welcome to the Cytec Industries Inc. First Quarter Earnings Announcement. Today's conference is being recorded. At this time, I will turn the conference over to Ms. Jodi Allen. Please go ahead, ma'am.

Jodi Allen

Thank you, Ruth, and good morning, everyone. We appreciate your participation in our conference call. For our call today, Shane Fleming, Chairman, President and Chief Executive Officer will provide an overview of operations; and Dave Drillock, Vice President and Chief Financial Officer will review the financial results and the special items noted in our press release. Shane will then finish with some commentary on our outlook for 2011. This call is being webcast in listen-only mode and it will be archived in audio format on our website for 3 weeks. Throughout the call, we will be referencing the supporting materials, which can be downloaded from our Investor Relations website under Calendar of Events or you may follow the slides accompanying today's webcast, which are also available through our website.

During the course of this presentation and in responses to your questions, you will hear certain forward-looking statements. Our actual results may differ materially. Please read our commentary on forward-looking statements in Slide #2 of our supporting material or at the end of our new release for the statements in our quarterly and annual SEC filings. In addition, our discussion includes certain non-GAAP financial measurement as define under SEC rules. We have provided a reconciliation of those non-GAAP financial measures to the most directly comparable GAAP measure at the end of our press release. A copy of our press release is available on our Investor Relations website.

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