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TheStreet Open House

Atwood Oceanics' CEO Discusses Q4 2011 Results - Earnings Call Transcript

Atwood Oceanics (ATW)

Q4 2011 Earnings Call

November 18, 2011 10:00 am ET

Executives

Mark L. Mey - Chief Financial Officer, Chief Accounting Officer and Senior Vice President

Robert J. Saltiel - Chief Executive Officer, President, Director and Member of Executive Committee

Analysts

Matthew H. Beeby - Global Hunter Securities, LLC, Research Division

Andreas Stubsrud - Pareto Securities AS, Research Division

Darren Gacicia - Vertical Research Partners Inc.

Christopher W. Wicklund - Wells Fargo Securities, LLC, Research Division

Truls Olsen - Fearnley Fonds ASA, Research Division

David Wilson - Howard Weil Incorporated, Research Division

Douglas Garber - Dahlman Rose & Company, LLC, Research Division

David C. Smith - Johnson Rice & Company, L.L.C., Research Division

G. Scott Burk - Canaccord Genuity, Research Division

Judson E. Bailey - Jefferies & Company, Inc., Research Division

Stewart Glickman - S&P Equity Research

Rhett Carter

Presentation

Operator

And welcome to today's program. [Operator Instructions] Please note today's call is being recorded. It's now my pleasure to turn the program over to Mark Mey, Senior Vice President and CFO of Atwood Oceanics. Please begin, sir.

Mark L. Mey

Thanks, Kevin, and good morning. Welcome to Atwood Oceanics' conference call and webcast to review the company's operating results for the year ended September 30, 2011. The speakers today will be Rob Saltiel, President and CEO; and myself, Mark Mey, Senior Vice President and CFO.

Before we begin, let me remind everyone that during the course of this conference call, we may make forward-looking statements which are not historical facts and are based upon management’s current plans, expectations, estimates, assumptions and beliefs concerning future events impacting us. These statements involve a number of risks and uncertainties, including the risks which are described in the company's most recent Form 10-K and other filings with the U.S. Securities and Exchange Commission. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements if one of these risks or uncertainties would occur or our assumptions are proved incorrect. Undue reliance should not be placed on these forward-looking statements, which are applicable only as of the date hereof. Now let me turn the call over to Rob for opening remarks.

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