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Owens-Illinois' CEO Discusses Q4 2011 Results - Earnings Call Transcript

Owens-Illinois (OI)

Q4 2011 Earnings Call

January 26, 2012 8:30 am ET

Executives

Albert P. L. Stroucken - Executive Chairman, Chief Executive Officer, President and Member of Risk Oversight Committee

Edward C. White - Chief Financial Officer, Principal Accounting Officer and Senior Vice President

Jason Bissell -

Analysts

George L. Staphos - BofA Merrill Lynch, Research Division

Alex Ovshey - Goldman Sachs Group Inc., Research Division

Alton K. Stump - Longbow Research LLC

Christopher D. Manuel - KeyBanc Capital Markets Inc., Research Division

Philip Ng - Jefferies & Company, Inc., Research Division

Albert T. Kabili - Macquarie Research

Mark Wilde - Deutsche Bank AG, Research Division

Phil M. Gresh - JP Morgan Chase & Co, Research Division

Presentation

Operator

Good morning. My name is Angela, and I will be your conference operator today. At this time, I would like to welcome everyone to the O-I Fourth Quarter and Full Year 2011 Earnings Conference Call. [Operator Instructions] I would like to turn the call over to Mr. Jason Bissell, Director of Investor Relations. You may begin your conference.

Jason Bissell

I am joined today by Al Stroucken, our Chairman and CEO; Ed White, our Chief Financial Officer; and several other members of our senior management team. Today, we will discuss key business developments, review our financial results for the fourth quarter, the full year 2011 and discuss future trends affecting our business in 2012. Following our prepared remarks, we will host a question-and-answer period. The presentation materials for this earnings call are also being simulcast from the company's website at o-i.com. Please review the Safe Harbor comments and disclosure of our use of non-GAAP financial measures included in those materials. Unless otherwise noted, the financial results we are presenting today relate to adjusted net earnings, which exclude certain items that management considers not representative of ongoing operations. A reconciliation of GAAP to non-GAAP earnings can be found in our earnings press release and in the appendix to this presentation. I'll now turn the call over to Al, who will start on Chart 2.

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