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KRONOS Worldwide's CEO Discusses Q1 2012 Results - Earnings Call Transcript

KRONOS Worldwide, Inc. (KRO)

Q1 2012 Earnings Call

May 9, 2012, 10:00 a.m. ET


Janet Keckeisen - VP, IR

Steve Watson – CEO

Greg Swalwell - EVP and CFO

Rob Graham - EVP, General Counsel

Brian Christian - VP, Strategic Business Development


Trey Grooms - Stephens Incorporated

Jim Schoen - Deutsche Bank Securities

Edward Yang – Oppenheimer & Co.

Gregg Goodnight – UBS

(Shelkey Cusack) – JPMorgan

Joe Altman – COMPOUND Capital Management



Good day ladies and gentlemen and welcome to the KRONOS Worldwide first quarter 2012 earnings call. My name is Ann and I will be your operator for today’s call. (Operator Instructions).

I will now turn the call over to Janet Keckeisen, Vice President of Investor Relations for KRONOS Worldwide. You may begin, Janet.

Janet Keckeisen

Thanks, Ann. Good morning and welcome to the KRONOS Worldwide 2012 first quarter earnings call. With me this morning are Steve Watson, Chief Executive Officer, and Greg Swalwell, Chief Financial Officer. The earnings release that was issued this morning can be found on our website at

During the course of this conference call, we will make forward-looking statements. All statements relating to matters that are not historical fact are forward-looking statements that represent management’s beliefs and assumptions based on currently available information. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it cannot give any assurances that these expectations will prove to be correct. Such statements, by their nature, involve substantial risks and uncertainties that could significantly impact expected results, and actual future results could differ materially from those described in such forward-looking statements. We assume no obligation to update or revise any forward-looking statements. Please refer to the earnings release for a discussion of some of the factors that could cause actual results to differ materially. In an effort to provide investors with additional information regarding the company’s results of operation, we will refer to certain non-GAAP information. We ask that you refer to the earnings release for a reconciliation of this non-GAAP information to our GAAP financial statements. I will now turn the call over to Steve.

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