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TheStreet Open House

The Valspar's CEO Discusses Q2 2012 Results - Earnings Call Transcript

The Valspar Corporation. (VAL)

Q21 2012 Earnings Call

May 15, 2012 11:00 am ET

Executives

Lori A. Walker – Senior Vice President and Chief Financial Officer

Gary E. Hendrickson – President and Chief Executive Officer

Analysts

Prashant J. Juvekar – Citigroup

Ivan Marcuse – Keybanc Capital Markets

Jeffrey Zekauskas – JPMorgan

Dmitry Silversteyn – Longbow Research

Robert Koort – Goldman Sachs

Saul Ludwig – Northcoast Research

Don Carson – Susquehanna Financial Group, LLP

Steven Schwartz – First Analysis

Nils Wallin – CLSA

Rosemarie Morbelli – Gabelli & Company, Inc.

John Mcnulty – Credit Suisse

Jeffrey Zekauskas – JPMorgan

Presentation



Operator

Ladies and gentlemen, thank you for standing by. Welcome to the second quarter conference call. At this time, all participants are in listen-only mode. Later, we will conduct a question-answer session. Instructions will be given at that time. (Operator Instructions) As a reminder, this conference is being recorded.

I’d now like to turn the conference over to Lori Walker, Chief Financial Officer. Please go ahead.

Lori A. Walker

Good morning, and welcome to our fiscal 2012, second quarter earnings conference call. Gary Hendrickson, our President and Chief Executive Officer, is with me on our call this morning.

Before we begin, I'll direct your attention to the press release we issued this morning, which contains much of the information that we'll be covering in the call. This call is subject to the forward-looking statements language contained in our press release and our comments may include forward-looking statements as that term is defined by securities law. This morning, I’ll begin by covering our results for the quarter, Gary will provide some context and then we’ll respond to your questions.

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