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Waters Management Discusses Q2 2012 Results - Earnings Call Transcript

John A. Ornell

During the course of this conference call, we will make various forward-looking statements regarding future events or future financial performance of the company. In particular, we will provide guidance regarding profitable future income statement results of the company this time for Q3 and full year 2012. we caution you that all such statements are only predictions and that actual events or results may differ materially. For a detailed discussion of some of the risks and contingencies that could cause our actual performance to differ significantly from our present expectations, see our 10-K Annual Report for the fiscal year ended December 31, 2011, in part one under the caption Business Risks, factors and the cautionary language included in this morning's press release and 8-K.

We further caution you that the company does not obligate or commit itself by providing this guidance to update predictions. We do not plan to update predictions regarding possible future income statement result except during our regularly scheduled quarterly earnings release conference calls and webcasts. The next earnings release call and webcast is currently planned for October 2012.

During this call, we will be referring to certain non-GAAP financial measures. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures is attached to our company's earnings release issued this morning. In our discussions of the results of operations, we may refer you to pro forma results, which is excluding impact of items such as those outlined in our schedule entitled Reconciliation of Net Income for Diluted Share, included in this morning's press release. Doug?

Douglas A. Berthiaume

Thank you, John. Well, overall the second quarter's organic results were close to our original estimates, but they do suggest that we have a need for a moderately higher level of caution, as we look into the second half of 2012.

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