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April 19, 2012 8:30 AM ET
David Demshur – Chairman, President and CEO
Richard Bergmark – Executive Vice President and CFO
Monty Davis – Chief Operating Officer
Rob MacKenzie – FBR Capital Markets
James West – Barclays Capital
Veny Aleksandrov – Pritchard Capital Partners
Blake Hutchinson – Howard Weil, Inc.
John Daniels – Simmons & Company
Good morning. My name is Erika and I'll be your conference operator today. At this time, I would like to welcome everyone to the Core Lab Q1 2012 Earnings 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)
Thank you, I would now like to turn the call over to Mr. David Demshur. Mr. Demshur, you may begin your conference.
Thank you, Erika. I'd like to say good morning in North America, good afternoon in Europe and good evening in Asia Pacific. We'd like to welcome all of our shareholders, analysts, and most importantly, our employees to Core Laboratories first quarter 2012 earnings conference call. This morning I am joined by Dick Bergmark, Core's Executive Vice President and CFO. Also this morning we are again joined by Core's COO Monty Davis who'll present the detailed operational review.
The call will be divided into five segments. Dick will start by making remarks regarding forward-looking statements, then we'll come back and give a brief investor update and highlight the three financial tenets by which Core's executive management executes the company's growth strategies.