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April 26, 2012 10:00 am ET
Ed Egl -
David P. Steiner - Chief Executive Officer, President and Director
Steven C. Preston - Principal Financial Officer and Executive Vice President of Finance, Recycling & Energy Services
Scott J. Levine - JP Morgan Chase & Co, Research Division
Vance Edelson - Morgan Stanley, Research Division
Albert Leo Kaschalk - Wedbush Securities Inc., Research Division
William H. Fisher - Raymond James & Associates, Inc., Research Division
Michael E. Hoffman - Wunderlich Securities Inc., Research Division
Christopher S. Parkinson - Crédit Suisse AG, Research Division
David Warner - First Analysis Corporation
Good morning. My name is Ashley, and I will be your conference operator today. At this time, I would like to welcome everyone to the Waste Management First Quarter 2012 Earnings Release Conference Call. [Operator Instructions] I would now like to turn the call over to Ed Egl, Director, Investor Relations. Thank you. Mr. Ed Egl, you may begin your conference.
Thank you, Ashley. Good morning, everyone, and thank you for joining us for the First Quarter 2012 Earnings Conference Call. With me this morning are David Steiner, Chief Executive Officer; and Steve Preston, Executive Vice President of Finance, Recycling and Energy Services. David will start things off with a summary of the financial results of the quarter. Steve will cover our revenue growth, including price and volume trends, operating costs and financial statements. We will conclude with questions and answers. During their statements, any comparisons made by David and Steve, unless otherwise stated, will be with the first quarter of 2011.