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February 8, 2012, 11:00 a.m. ET
Derek Schmidt - Treasurer and VP, Corporate Finance
Stan Askren - Chairman, President and CEO
Kurt Tjaden - VP and CFO
Budd Bugatch (Chad) – Raymond James
Matt McCall - BB&T Capital Markets
Leah Villalobos – Longbow Research
Todd Schwartzman - Sidoti & Co.
Good morning. My name is Amanda, and I will be your conference operator today. At this time, I would like to welcome everyone to the HNI Corporation Fourth Quarter and year-end Fiscal 2011 Results 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). As a reminder, today’s conference call is being recorded. Thank you.
Mr. Schmidt, you may begin your conference call.
Good morning, and thank you for joining us today for the HNI Corporation conference call to discuss fourth quarter and full-year 2011 results, which were announced yesterday after the market closed. My name is Derek Schmidt, Vice President of Corporate Finance for HNI Corporation. If you have not received a copy of the financial news release, it is available on our website, www.hnicorp.com.
A presentation intended to accompany this call has also been posted to our website under the Investor Information section. We encourage you to review this presentation as it contains details of our financial performance, including the non-GAAP to GAAP reconciliation.