Avery Dennison (AVY)
Q2 2012 Earnings Call
July 24, 2012 1:00 pm ET
Dean A. Scarborough - Chairman, Chief Executive Officer and President
Mitchell R. Butier - Chief Financial Officer and Senior Vice President
John P. McNulty - Crédit Suisse AG, Research Division
George L. Staphos - BofA Merrill Lynch, Research Division
Ghansham Panjabi - Robert W. Baird & Co. Incorporated, Research Division
Scott Gaffner - Barclays Capital, Research Division
John E. Roberts - The Buckingham Research Group Incorporated
Rosemarie J. Morbelli - Gabelli & Company, Inc.
Ladies and gentlemen, thank you for standing by, and welcome to Avery Dennison's Earnings Conference Call for the second quarter ended June 30, 2012. This call is being recorded and will be available for replay from 1:00 p.m. Pacific time today through midnight Pacific time, July 27. To access the replay, please dial 1 (800) 633-8284 or 1 (402) 977-9140 for international callers. The conference ID number is 21543231. [Operator Instructions] I'd now like to turn the call over to Eric Leeds, Avery Dennison's Head of Investor Relations. You may begin, sir.
Thank you. Welcome, everyone. Today we'll discuss our preliminary unaudited second quarter 2012 results. Please note that unless otherwise indicated, today's discussion will be focused on our continuing operations. The company's Office and Consumer Products business is classified on our income statement as a discontinued operation. The non-GAAP financial measures that we use are defined, qualified and reconciled with GAAP in schedules A-2 to A-5 of the financial statements accompanying today's earnings release. We remind you that we'll make certain predictive statements that reflect our current views and estimates about our future performance and financial results. These forward-looking statements are made subject to the Safe Harbor statement included in today's earnings release. On the call today are Dean Scarborough, Chairman, President and CEO; and Mitch Butier, Senior Vice President and CFO. I'll now turn the call over to Dean.