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TheStreet Open House

Cytec Industries' CEO Discusses Q2 2011 Results - Earnings Call Transcript

Cytec Industries (CYT)

Q2 2011 Earnings Call

July 22, 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

Peter Grondin - OSS Capital

Robert Koort - Goldman Sachs Group Inc.

John McNulty - Crédit Suisse AG

Laurence Alexander - Jefferies & Company, Inc.

P.J. Juvekar - Citigroup Inc

Presentation

Operator

Good day, and welcome to the Cytec Industries Second Quarter 2011 Earnings Conference Call. Today’s call is being recorded. For opening remarks and introductions, I would like to turn the call over to Ms. Jodi Allen. Please go ahead.

Jodi Allen

Thank you, Tequila, 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 updated 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 also available through our website.

During the course of this presentation and in responses 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 materials or at the end of our news release or the statements in our quarterly and annual SEC filings. In addition, our discussion includes certain non-GAAP financial measurements as defined under SEC rules. We have provided a reconciliation of those non-GAAP financial measures to the most directly comparable GAAP measures at the end of our press release. A copy of our press release is available on our Investor Relations website.

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