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February 16, 2012 08:30 a.m. ET
Ronald DeFeo – Chairman and CEO
Phillip Widman – SVP and CFO
Kevin O'Reilly - VP of Operational Finance
Tom Gelston - VP of IR
Timothy Ford – President, Terex Aerial Work Platforms
Kevin Bradley – President, Terex Cranes
George Ellis – President, Terex Construction
Kieran Hegarty – President, Terex Materials Processing
Ted Grace - Susquehanna
Jerry Revich - Goldman Sachs
Ann Duignan - JP Morgan
David Raso - ISI Group
Sean Williams - BB&C Capital Markets
Seth Weber - RBC Capital Markets
Robert McCarthy - Robert W. Baird and Company, Inc.
Charles Brady - BMO Capital Markets
Andrew Casey - Wells Fargo Securities, LLC
Alex Blanton – Clear Harbor Asset Management
Joel Tiss - Buckingham Research Group Inc.
Matt Vittorioso – Barclays Capital
Brian Rayle - Northcoast Research
Good morning, my name is Brandy and I'll be your conference operator today. At this time, I would like to welcome everyone to Terex Corporation’s Fourth Quarter and Year End 2011 Financial 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) Thank you.
I would now like to turn the call over to Ronald DeFeo, Chairman and CEO. Please go ahead sir.
Thank you, Brandy, and good morning, ladies and gentlemen. Thank you for your interest in Terex today. On the call with me this morning is Phil Widman, our Senior Vice President and Chief Financial Officer; Kevin O'Reilly, Vice President of Operational Finance; and Tom Gelston, Vice President of Investor Relations. And later then mentioning each one of our Presidents of our operating units, most of them are participating on the call and will be available for your questions following our remarks. As usual, a replay of this call will be archived on the Terex website, www.terex.com, under Audio Archives in the Investor Relations section.