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TheStreet Open House

Westinghouse Air Brake Technologies' CEO Discusses Q4 2011 Results - Earnings Call Transcript

Westinghouse Air Brake Technologies (WAB)

Q4 2011 Earnings Call

February 21, 2012 10:00 am ET

Executives

Timothy R. Wesley - Vice President of Investor Relations and Corporate Communications

Albert J. Neupaver - Chief Executive Officer, President and Director

Alvaro Garcia-Tunon - Chief Financial Officer, Executive Vice President and Secretary

Analysts

Allison Poliniak-Cusic - Wells Fargo Securities, LLC, Research Division

Steve Barger - KeyBanc Capital Markets Inc., Research Division

Paul A. Bodnar - Longbow Research LLC

Kristine Kubacki - Avondale Partners, LLC, Research Division

Liam D. Burke - Janney Montgomery Scott LLC, Research Division

Jason Rodgers

Thomas S. Albrecht - BB&T Capital Markets, Research Division

Scott H. Group - Wolfe Trahan & Co.

Presentation

Operator

Good day and welcome to the Wabtec Fourth Quarter 2011 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Mr. Tim Wesley, Vice President of Investor Relations. Mr. Wesley, please go ahead, sir.

Timothy R. Wesley

Thanks, Danie. Good morning, everybody, welcome to our earnings call for the fourth quarter and full year. Introduce the Wabtec people who are here with me in the room, our President and CEO, Al Neupaver; Alvaro Garcia-Tunon, our CFO; Ray Betler, our Chief Operating Officer; and our Senior V.P. of Finance and Corporate Controller, Pat Dugan. As usual we'll have our prepared remarks from Al and Alvaro, and then we'll be happy to take your questions. During the call, we will make forward-looking statements. So please review today's press release for the appropriate disclaimers. I also want to point out that on today's call, we will refer to both GAAP and non-GAAP EPS because of the special items we discussed in our second quarter report. Listed as special items again in today's press release. We believe that non-GAAP EPS provide useful, supplemental information to assess our operating performance and to evaluate period-to-period comparisons. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, Wabtec's reported results in accordance with GAAP. And with that, I'll turn it over to Al.

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