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October 27, 2011 10:00 am ET
David W. Scheible - Chief Executive Officer, President and Director
Brad Ankerholz - Investor Relations
Daniel J. Blount - Chief Financial Officer and Senior Vice President
Mark Kaufman - Rafferty Capital Markets, LLC, Research Division
Ian A. Zaffino - Oppenheimer & Co. Inc., Research Division
Joseph Stivaletti - Goldman Sachs Group Inc., Research Division
Matthew R. Wooten - Robert W. Baird & Co. Incorporated, Research Division
Alex Ovshey - Goldman Sachs Group Inc., Research Division
Philip Ng - Jefferies & Company, Inc., Research Division
Unknown Analyst -
Phil M. Gresh - JP Morgan Chase & Co, Research Division
Good morning. My name is Cody, and I will be your conference operator today. At this time, I would like to welcome everyone to the Graphic Packaging Third Quarter 2011 Earnings Call. [Operator Instructions] And I would like to turn the call over to Brad Ankerholz, Vice President and Treasurer. Sir, you may begin.
Thank you, Cody. And good morning to everybody. Welcome to the Graphic Packaging Holding Company's Third Quarter 2011 Earnings Call. Commenting on results this morning will be David Scheible, the company's President and CEO; and Dan Blount, our Senior Vice President and CFO. To help you follow along with today's call, we've provided a slide presentation which can be accessed by clicking on the Q3 earnings webcast link on the Investor Relations section of our website at graphicpkg.com. I would like to remind everyone morning that statements of our expectations in this call constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements, including but not limited to, statements relating to the recovery of raw material, inflation costs, consumer demand and pricing trends, capital expenditures, cash pension contributions and pension expense, depreciation and amortization, interest expense, debt and leverage reduction, performance improvements, and cost reduction initiatives, including the closure of facilities, are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from the company's present expectations. These risks and uncertainties include, but are not limited to, the company's substantial amount of debt, inflation of and volatility in raw material and energy costs, cutbacks in consumer spending that could affect the demand of the company's products, continuing pressure for lower cost products and the company's ability to implement its business strategies, including productivity initiatives and cost reduction plans.