It is now my pleasure to turn the conference over to Mr. Arzbaecher. Please go ahead, sir.
Hi. It's actually Karen Bauer. Good morning, and welcome to our First Quarter Fiscal 2012 Conference Call. On the call with me today are Bob Arzbaecher, our Chief Executive Officer; Mark Goldstein, Chief Operating Officer; and Andy Lampereur, Chief Financial Officer.
I'd like to point out that our earnings release and the slide presentation supplementing today's call are available in the Investors section of our website.And before we start, let me offer the following cautionary notes. During this call, we will be making forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Investors are cautioned that forward-looking statements are inherently uncertain, and that there are a number of factors that could cause actual results to differ materially from these statements, and these factors are outlined in our SEC filings.[Operator Instructions] And with that, I'll turn the call over to Bob.Robert C. ArzbaecherThank you, Karen. Good morning, everybody, and thank you for joining us on our first quarter earnings call. I'm very pleased with Actuant's great start for the year, with both sales and earnings solidly above our guidance. EPS of $0.50 a share represents a 39% increase and is higher than our $0.40 to $0.45 guidance range. EBITDA margins are up in all 4 segments, reflecting our continued strong operational performance.Including the just completed quarter, Actuant has now exceeded our 2008 peaks for sales, earnings and cash flow on a trailing 12-month basis. While there is no question we face an uncertain macroeconomic environment, Actuant's diversity is again showing its benefits as demonstrated in this quarter's results and our increased earnings guidance for the year.With that overview, I'll turn it over to Andy to go through the specifics of the quarter and we'll come back and cover a number of topics later. Andy?
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