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January 05, 2012 10:00 am ET
Robert L. Matejka - Chief Financial officer and Senior Vice President
Frank C. Sullivan - Chairman, Chief Executive officer and Chairman of Executive Committee
Ivan M. Marcuse - KeyBanc Capital Markets Inc., Research Division
Saul Ludwig - Northcoast Research
Aleksey V. Yefremov - BofA Merrill Lynch, Research Division
Silke Kueck-Valdes - JP Morgan Chase & Co, Research Division
Rosemarie J. Morbelli - Gabelli & Company, Inc.
Edward H. Yang - Oppenheimer & Co. Inc., Research Division
John P. McNulty - Crédit Suisse AG, Research Division
Welcome to the RPM International Conference Call for the Fiscal 2012 Second Quarter. Today's call is being recorded. This call is also being webcast and can be accessed live or replayed on the RPM website at www.rpminc.com.
Comments made on this call may include forward-looking statements based on current expectations that involve risks and uncertainties, which could cause actual results to be materially different. For more information on these risks and uncertainties, please review RPM's reports filed with the SEC.
During this conference call, references may be made to non-GAAP financial measures. To assist you in understanding these non-GAAP terms, RPM has posted reconciliations to the most directly comparable GAAP financial measures on the RPM website. [Operator Instructions] At this time, I would like to turn the call over to RPM's Chairman and CEO, Mr. Frank Sullivan, for opening remarks. Please go ahead, sir.
Frank C. Sullivan
Thank you, Jennifer. Happy new year, and welcome to the RPM International Inc. quarterly conference call for the second quarter ended November 30, 2011. As you saw from the earnings release this morning and related to our comments about our second quarter during our October conference call, there are a lot of moving parts in relationship to onetime gains in last year's second quarter and a number of offsetting onetime gains and onetime expenses in this year's second quarter, principally related to investment and acquisition activity.