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April 25, 2012 8:30 am ET
Margo C. Happer - Senior Vice President of Investor Relations
Stephen P. Holmes - Chairman, Chief Executive Officer and Chairman of Executive Committee
Thomas G. Conforti - Chief Financial Officer and Executive Vice President
Joseph Greff - JP Morgan Chase & Co, Research Division
Steven E. Kent - Goldman Sachs Group Inc., Research Division
Carlo Santarelli - Deutsche Bank AG, Research Division
Robert A. LaFleur - Cantor Fitzgerald & Co., Research Division
Christopher Agnew - MKM Partners LLC, Research Division
Harry C. Curtis - Nomura Securities Co. Ltd., Research Division
Michael Millman - Millman Research Associates
Welcome to the Wyndham Worldwide First Quarter Earnings Conference Call. [Operator Instructions] Today's conference is being recorded. If you have any objections, you may disconnect at this time. I would now like to turn the call over to Margo Happer, Senior Vice President of Investor Relations. Thank you, you may begin.
Margo C. Happer
Good morning. Thank you for joining us. With me today are Steve Holmes, our CEO; and Tom Conforti, our CFO.
Before we get started, I just want to remind you that our remarks today contain forward-looking information. This information is subject to a number of risk factors that may cause our actual results to differ materially from those expressed or implied. These risk factors are discussed in detail in our Form 10-K filed February 17, 2012, with the SEC.
We will also be referring to a number of non-GAAP measures. The reconciliation of these measures to GAAP is provided in the tables to the press release. It is also available on the Investor Relations section of our website at wyndhamworldwide.com. Steve?