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May 2, 2012 10:00 a.m. ET
William Petty - Chairman and Chief Executive Officer
Joel Phillips - Chief Financial Officer
David Petty - President
William Plovanic - Canaccord Genuity
James Sidoti - Sidoti & Company
Mark Landy - Summer Street Research
Jason Bednar - Robert W. Baird
Ladies and gentlemen, thank you for standing by. Welcome to the Exactech, Inc. First Quarter 2012 Results Conference Call. During today's presentation, all participants will be in a listen-only mode. Following the presentation the conference will be opened for questions. (Operator Instructions) Today's conference is being recorded, May 2, 2012.
I would now like to turn the conference over to Dr. Bill Petty. Please go ahead.
Thank you, and welcome to our conference call. I will begin by reading the disclaimer and then we will move to some general comments from both myself and Jody Phillips, our CFO, and then we will go to the question and answer session.
The release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the SEC Act of 1934. They represent the company's expectations or beliefs concerning future events of the company's financial performance. The forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These factors include the effect of competitive pricing, the company's dependence on the ability of third-party manufacturers to produce components on a basis which is cost-effective to the company, market acceptance of the company's products, the effects of government regulation and other unforeseen effects. Results actually achieved may differ substantially or materially from the expected results included in our statements.