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April 19, 2012 11:00 AM ET
Derek Schmidt - VP, Corporate Finance
Stan Askren - President and CEO
Kurt Tjaden - VP and CFO
Budd Bugatch - Raymond James
Matt McCall - BB&T Capital Markets
Peter Lisnic - Robert W Baird
Todd Schwartzman - Sidoti & Company
Good morning. My name is Sarah and I will be your conference operator today. At this time, I would like to welcome everyone to the HNI Corporation First Quarter Fiscal 2012 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). And as a reminder, today’s conference call is being recorded. Thank you.
Mr. Schmidt, you may begin your conference.
Good morning, and thank you for joining us today for the HNI Corporation conference call to discuss first quarter 2012 results, which were announced yesterday after the market closed. My name is Derek Schmidt, Treasurer and Vice President of Corporate Finance for HNI Corporation. If you have not received a copy of the financial news release, it is available on our website, www.hnicorp.com.
A presentation intended to accompany this call has also been posted to our website under the Investor Information section. We encourage you to review this presentation as it does contain details of our financial performance, including the non-GAAP to GAAP reconciliations.
Joining me today on the line from HNI Corporation are Kurt Tjaden, Vice President and Chief Financial Officer, and Stan Askren, Chairman, President and CEO. Stan and Kurt will review the results and then open up the call for questions.