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April 27, 2012 9:00 am ET
David M. DeSonier - Senior Vice President of Strategy & Investor Relations
David S. Haffner - Chief Executive Officer, President, Director and Member of Executive Committee
Karl G. Glassman - Chief Operating Officer, Executive Vice President and Director
Susan R. McCoy - Director of Investor Relations
Matthew C. Flanigan - Chief Financial Officer, Senior Vice President, Director and Chairman of Enterprise Risk Management Committee
Leah Villalobos - Longbow Research LLC
Keith B. Hughes - SunTrust Robinson Humphrey, Inc., Research Division
John A. Baugh - Stifel, Nicolaus & Co., Inc., Research Division
Budd Bugatch - Raymond James & Associates, Inc., Research Division
Herbert Hardt - Monness, Crespi, Hardt & Co., Inc., Research Division
Allen Zwickler - First Manhattan Co., Research Division
Greetings, and welcome to the Leggett & Platt First Quarter 2012 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, David DeSonier, Senior Vice President of Strategy and Investor Relations for Leggett & Platt Incorporated. Thank you. Mr. DeSonier, you may begin.
David M. DeSonier
Good morning, and thank you for taking part in Leggett & Platt's First Quarter Conference Call. With me this morning are the following: Dave Haffner, our CEO; Karl Glassman, our Chief Operating Officer; Matt Flanagan, our CFO; and Susan McCoy, our Staff VP of Investor Relations.
The agenda for our call this morning is as follows: Dave Haffner will start with a summary of the major statements we made in yesterday's press release, Karl will provide operating highlights, Dave will then address our outlook for 2012, and finally, the group will answer any questions you have.