This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Polypore's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Before we begin our presentation today, I'd like to remind you of some important considerations. This conference call and webcast might contain forward-looking statements within the meaning of federal securities laws. We intend these forward-looking statements to be covered by the Safe Harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks, uncertainties, and assumptions made by management about Polypore and the industry and environment in which we operate.

These forward-looking statements are not guarantees of future performance and may differ materially from actual events or results because they involve estimates, assumptions, and uncertainties. You're cautioned not to place undue reliance on these forward-looking statements which speak only as of the date on which they are made which is Thursday, February 3, 2012. Polypore undertakes no obligation to update or revise any forward-looking statements whether as the result of new information, future events, or otherwise.

You're also directed to consider the risks, uncertainties, and other factors discussed in documents filed by us with the SEC including those matters summarized under the captions, Item 1A. “Risk Factors”, in our most recent 10-K filing with the SEC and "Risk Factors" in Amendment No. 2 to the Form S-4 filed on May 13, 2011. Today, I'm joined by Bob Toth, President and Chief Executive Officer; Lynn Amos, Chief Financial Officer; and Rob Whitsett, Vice President of Finance. And at this point, I'll turn the call over to Bob for some opening remarks.

Robert B. Toth

Thank you, Kathy. Thanks everyone for joining us today. 2011 was another year of solid growth and a year of execution on our many investments and our growth strategies. We experienced some headwinds in the fourth quarter and we're currently being impacted by some near-term items and we'll address these in our time today. Having said that, while we always drive to optimize near-term performance, and while there may be variability based on near-term events, we're building this business for the long-term. Our goal is to provide you with as much transparency as possible associated with our growth especially around the EDV opportunity going forward. To be clear, when we reference Electric Drive Vehicles or EDVs, we're referencing the full range of electrification of vehicles, from hybrids which are internal combustion engines with batteries for supplemental power; to plug-ins, which are battery-driven vehicles yet have a backup combustion engine; the full battery electric vehicles which are obviously battery-driven and do not have an internal combustions engine. If you missed our informational call on February 3, I'd encourage you to go back and listen it or get the transcript. During that call, we discussed a lot of information about our lithium separator process technology, product technology, as well as our distinct competitive advantages. At this point, I'll turn it over to Lynn to cover the financials and then I'll come back with some closing comments.

2 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs