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Kronos Worldwide's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Kronos Worldwide, Inc. ( KRO)

Q4 2011 Earnings Conference Call

March 06, 2012, 10:00 a.m. ET

Executi ve s

Janet Keckeisen - VP, IR

Steve Watson - CEO

Greg Swalwell - EVP and CFO

Rob Graham - EVP, General Counsel

Brian Christian - VP, Strategic Business Development


David Begleiter - Deutsche Bank

Sabina Chatterjee - Wells Fargo Securities

Edward Yang - Oppenheimer

Gregg Goodnight - UBS

Sharyl Van Winkle - Independence United Capital

Trey Grooms - Stephens Incorporated

Graham Morris - Contrarian Capital

Stephanie Renegar - JPMorgan



Good day ladies and gentlemen and welcome to the Kronos Worldwide Fourth Quarter and Full-Year 2011 Earnings Call. My name is Ann and I will be your coordinator for today’s call. At this time all participants are in a listen-only mode, later we will conduct a question-and-answer session.

I will now turn the call over to your host Janet Keckeisen, Vice President of Investor Relations for Kronos Worldwide. You may begin Janet.

Janet Keckeisen

Thanks Ann. Good morning and welcome to the Kronos Worldwide 2011 fourth quarter and full-year 2011 earnings call. With me this morning are Steve Watson, Chief Executive Officer; and Greg Swalwell, Chief Financial Officer.

The earnings release that was issued this morning can be found on our website at During the course of this conference call we will make forward-looking statements. All statements related to matters that are not historical facts are forward-looking statements that represent management’s belief and assumption based on currently available information. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it cannot be of any assurances that these expectations will prove to be correct. Such statements of either nature involves substantial risks and uncertainties that could significantly impact the expected results and actual future results could differ materially from those described in such forward-looking statements. We assume no obligation to update or revise any forward-looking statements. Please refer to the earnings release for a discussion of some of the factors that could cause actual results to differ materially.

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