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Valmont Industries, Inc. (
Q4 2011 Earnings Call
February 15, 2012 9:00 am ET
Jeff Laudin - Manager of IR
Mogens Bay - Chairman and CEO
Terry McClain - SVP and CFO
Mark Jaksich - VP and Corporate Controller
Julian Mitchell - Credit Suisse
Arnie Ursaner - CJS Securities
Carter Shoop - KeyBanc
Schon Williams - BB&T Capital Markets
Brian Drab - William Blair
Jeff Beach - Stifel Nicolaus
Taryn Kuida - D. A. Davidson
At this time, I would like to welcome everyone to the Valmont Industries' fourth quarter earnings conference call. (Operator Instructions) I would now like to turn the call over to Mr. Jeff Laudin, Manager of Investor Relations.
Welcome to the Valmont Industries' fourth quarter earnings conference call. With me today are Mogens Bay, Chairman and Chief Executive Officer; Terry McClain, Senior Vice President and Chief Financial Officer; and Mark Jaksich, Vice President and Corporate Controller.
Before we begin please note, this discussion is subject to our disclosure on forward-looking statements, which applies to today's talk and will be read in full at the end of the call. The instructions for accessing a replay of this call can be found in our press release.
I would now like to turn the floor over to our Chairman and Chief Executive Officer, Mogens Bay.
Good morning, everyone, and thank you for joining us. I trust you have all read the press release, so I will focus on some of the highlights for the quarter and for the year. The main drivers of fourth quarter operating results were significant sales increases in the irrigation and utility businesses and great operating leverage in the Utility Support Structures, Irrigation and Coatings segments.