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CB Richard Ellis Group's CEO Discusses Q1 2012 Results - Earnings Call Transcript

businesses. These statements should be considered as estimates only and actual results may ultimately differ from these estimates. Except to the extent required by applicable securities laws, we undertake no obligation to update or publicly revise any of the forward-looking statements that you may hear today. Please refer to our first quarter earnings report, filed on Form 8-K and our current annual report on Form 10-K, in particular any discussion of risk factors or forward-looking statements, which are filed with the SEC and available at the SEC’s website (, for a full discussion of the risks and other factors that may impact any estimates that you may hear today. We may make certain statements during the course of this presentation, which include references to “non-GAAP financial measures,” as defined by SEC regulations. As required by these regulations, we have provided reconciliations of these

measures to what we believe are the most directly comparable GAAP measures, which are attached hereto within the appendix.

Please turn to slide three. Participating with me today are Brett White, our Chief Executive Officer, Mike Lafitte, President of our Americas region, and Gil Borok, our Chief Financial Officer. I will now turn the call over to Brett.

Brett White

Thanks, Nick, and good afternoon everybody. Please turn to slide four. The macro market trends that have prevailed for most of 2011 have generally continued in the first quarter of 2012. The market is recovering, but at an incremental and uneven pace. While no two recoveries are identical, this current one is marked by mixed performance across geographies and market sectors.

That being said, our highly productive market-leading and diversified platform helped us deliver a strong opening quarter for 2012. We especially benefited from strong performance in the Americas, and in a moment Mike Lafitte, our president of the Americas, will describe our integrated Americas business platform in a bit more detail.

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