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February 2, 2012 8:00 AM ET
Dave Roberts – Chairman, President and CEO
Steven Ford – Vice President and Chief Financial Officer
Peter Lisnic – Robert W. Baird
Deane Dray – Citi Investments
Saul Ludwig – Northcoast Research
Ivan Marcuse – KeyBanc Capital Markets
Ajay Kejriwal – FBR Capital
Good morning. My name is Donna, and I will be your conference operator today. At this time, I would like to welcome everyone to the Carlisle’s fourth quarter earnings conference call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator instructions) Thank you, Mr. Dave Roberts. You may begin your conference, sir.
Thank you. Good morning, and welcome to Carlisle’s 2011 fourth quarter and year-end conference call. On the call with me is our CFO, Steven Ford; our Chief Accounting Officer, Kevin Zdimal; and our Treasurer, Julie Chandler [ph]. On the website, you will find a slide deck that details our performance in the fourth quarter and for the full year. During this call, I’ll provide you additional color on the slides. But before I start reviewing the slides, let me just say that we consider 2011 as a very good year, both operationally and strategically.
In 2011, our sales were a record $3.225 billion. 2011 was also a record earnings year when the gain from the 2000 sale of Icapel [ph] is excluded from our 2007 earnings. 2011 earnings from continuing operations were also an all-time at $182 million.