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February 27, 2012 9:00 am ET
Robert A. Niblock - Chairman, Chief Executive Officer, President and Chairman of Executive Committee
Robert J. Gfeller - Executive Vice President of Merchandising
Robert F. Hull - Chief Financial Officer and Executive Vice President
Gregory M. Bridgeford - Executive Vice President of Business Development
David A. Schick - Stifel, Nicolaus & Co., Inc., Research Division
David Gober - Morgan Stanley, Research Division
Colin McGranahan - Sanford C. Bernstein & Co., LLC., Research Division
Matthew J. Fassler - Goldman Sachs Group Inc., Research Division
John Zolidis - Buckingham Research Group Incorporated
Alan M. Rifkin - Barclays Capital, Research Division
Good morning, everyone, and welcome to Lowe's Companies Fourth Quarter and Fiscal Year 2011 Earnings Conference Call. This call is being recorded. [Operator Instructions]
Statements made during this call will include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Management's expectations and opinions reflected in those statements are subject to risks, and the company can give no assurance that they will prove to be correct. Those risks are described in the company's earnings release and in its filings with the Securities and Exchange Commission.
Also during this call, management will be using certain non-GAAP financial measures. You can find a reconciliation to the most directly comparable GAAP financial measures and other information about them posted on Lowe's Investor Relations website under Corporate Information and Investor Documents.
Hosting today's conference will be Mr. Robert Niblock, Chairman, President and CEO; Mr. Robert Gfeller, Executive Vice President of Merchandising; and Mr. Bob Hull, Executive Vice President and CFO. I will now turn the program over to Mr. Niblock for opening remarks. Please go ahead, sir.