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January 25, 2012 11:00 am ET
Kelcey E. Hoyt - Director of Investor Relations
James S. Sawyer - Chief Financial Officer and Executive Vice President
Robert Walker - Jefferies & Company, Inc., Research Division
P.J. Juvekar - Citigroup Inc, Research Division
David L. Begleiter - Deutsche Bank AG, Research Division
Robert Koort - Goldman Sachs Group Inc., Research Division
John E. Roberts - Buckingham Research Group, Inc.
Michael J. Sison - KeyBanc Capital Markets Inc., Research Division
Donald Carson - Susquehanna Financial Group, LLLP, Research Division
Jeffrey J. Zekauskas - JP Morgan Chase & Co, Research Division
David J. Manthey - Robert W. Baird & Co. Incorporated, Research Division
Edward H. Yang - Oppenheimer & Co. Inc., Research Division
Kevin W. McCarthy - BofA Merrill Lynch, Research Division
Michael J. Harrison - First Analysis Securities Corporation, Research Division
Good day, ladies and gentlemen, and welcome to the Fourth Quarter 2011 Praxair Earnings Conference Call. My name is Kathy and I'll be your operator for today's call. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes.
I would now like to turn the conference over to your host for today's call, to Ms. Kelcey Hoyt, Director of Investor Relations. Please proceed, ma'am.
Kelcey E. Hoyt
Thanks, Kathy. Good morning, and thank you for attending our Fourth Quarter Earnings Call and Webcast. I'm joined this morning by Jim Sawyer, Executive Vice President and Chief Financial Officer; and Liz Hirsch, our Vice President and Controller.