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April 24, 2012, 11:00 a.m. ET
Sara Zawoyski - Head, IR
Randy Hogan - Chairman and CEO
John Stauch - CFO
Hamzah Mazari – Credit Suisse
Deane Dray – Citigroup
Jim Lucas – Janney Capital Markets
Chris Glynn – Oppenheimer
Jeff Hammond – KeyBanc Capital Markets
Brian Konigsberg – Vertical Research
Robert Barry – UBS
Terry Darling – Goldman Sachs
Scott Graham – Jefferies & Co.
Brian Drab – William Blair
David Rose – Wedbush Securities
Good morning, my name is Simon, and I will be your conference operator today. At this time, I would like to welcome everyone to the Pentair 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).
Ms. Zawoyski, you may begin your conference.
Thanks, Simon, and welcome to Pentair's Q1 2012 earnings conference call. We're glad you could join us. I'm Sara Zawoyski, Head of Investor Relations, and with me today is Randy Hogan, our Chairman and Chief Executive Officer; and John Stauch, our Chief Financial Officer. On today's call, we will provide details on our Q1 2012 performance as well as our full-year 2012 outlook, as outlined in this morning's release.
Before we begin, let me remind you that any statements made about the company's anticipated financial results are forward-looking statements subject to future risks and uncertainties, such as the risks outlined in Pentair's 10-K for the quarter ended December 31, 2011, and today's release. Forward-looking statements included herein are made as of today, and the company undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.