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April 19, 2012 8:30 AM ET
Anthony Orlando - President and CEO
Sanjiv Khattri - CFO
Tom Bucks - CAO
Brad Helgelson - Treasurer
Alan Katz - VP of IR
Carter Shoop - KeyBanc Capital Markets Inc
Gregg Orrill - Barclays Capital Increase
Al Kaschalk - Wedbush Securities
Benjamin Kallo - Robert W. Baird & Co
Daniel Mannes - Avondale Partners, LLC
Scott Levine - JPMorgan Chase & Co
Michael Hoffman - Wunderlich Securities, Inc
JinMing Liu - Ardour Capital Investments, LLC
Good morning, everyone, and welcome to the Covanta Holding Corporation’s First Quarter 2012 Financial Results Conference Call and Webcast. This call is being taped and a replay will be available to listen to later this morning. The playback number is 855-859-2056 or 800-585-8367 for callers in the U.S. and 404-537-3406 for those of you calling from outside of the country. The replay pass code is 68607350. The webcast will be archived on www.covantaenergy.com. And can be replayed or downloaded as an MP3 file.
At this time, for opening remarks and introductions, I’d like to turn the call over to Alan Katz, Covanta’s Vice President of Investor Relations. Please go ahead.
Thank you, Therese, and good morning. Welcome to Covanta’s first quarter 2012 conference call. It’s great to speak with all of you again. IR has had a busy quarter. In addition to our normal activities here in the U.S., we did a lengthy trip to Europe this past quarter. The feedback on the Covanta story and Management’s focus on shareholder friendly actions was very well received on both sides of the pond.