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February 10, 2012 10:00 a.m. ET
Valentin Gapontsev - Chief Executive Officer and Chairman of the Board
Timothy Mammen - Chief Financial Officer and Vice President
Angelo Lopresti - General Counsel, Secretary and Vice President
Zach Larkin - Stephens, Inc.
Krish Sankar - Bank of America Merrill Lynch
Joe Maxa - Dougherty & Company
Avinash Kant - D.A. Davidson
James Ricchiuti - Needham & Company
Mark Douglass - Longbow Research
Olga Levinzon - Barclays Capital
Mark Miller - Noble Financial
Jiwon Lee - Sidoti & Company
Ajit Pai - Stifel Nicolaus
Good morning, and welcome to IPG Photonics’ Fourth Quarter and Year-End 2011 Financial Results Conference Call. Today’s call is being recorded and webcast. There will be an opportunity for questions at the end of the call. (Operator Instructions) At this time, I would like to turn the call over to Mr. Angelo Lopresti, IPG’s Vice President, General Counsel and Secretary, for introductions. Please go ahead, sir.
Thank you, and good morning, everyone. With us today is IPG Photonics’ Chairman and Chief Executive Officer, Dr. Valentin Gapontsev, and Vice President and Chief Financial Officer, Tim Mammen.
Statements made during the course of this conference call that discuss management’s or the company’s intentions, expectations or predictions of the future, are forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that could cause the company’s actual results to differ materially from those projected in such forward-looking statements. These risks and uncertainties include those detailed in IPG Photonics’ Form 10-K for the year ended December 31, 2010, and other reports on file with the Securities and Exchange Commission.