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TheStreet Open House

Omnicare's CEO Discusses F2Q12 Earnings Results - Earnings Call Transcript

Omnicare, Inc. (OCR)

F2Q12 Earnings Call

July 25, 2012 9:00 am ET

Executives

Patrick C. Lee – Vice President of Investor Relations

John L. Workman – President, Interim Executive Officer & Chief Financial Officer

Nitin Sahney – Chief Operating Officer, Executive Vice President & President Specialty Care Group

Robert Kraft – Senior Vice President of Finance

Analyst

Lawrence Marsh – Barclays Capital

Lisa Gill – JP Morgan

Glen Santangelo – Credit Suisse

Charles Rhyee – Cowen & Co.

Robert Jones – Goldman Sachs

Steven Valiquette – UBS

Frank Morgan – RBC Capital Markets

Presentation



Operator

At this time I would like to welcome everyone to Omnicare’s second quarter 2012 conference call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks there will be a question and answer session. (Operator Instructions) I would now like to turn the call over to Patrick Lee, Omnicare’s Vice President of Investor Relations. Mr. Lee, you may begin your conference.

Patrick C. Lee



With me on the call are John Workman, President, Interim Chief Executive Officer; Nitin Sahney, Chief Operating Officer; and Rocky Kraft, Senior Vice President of Finance. Before we begin let me remind you that during this call we will make remarks that constitute forward-looking statements. Actual results may differ as a result of a variety of factors including those identified in our earnings release and in our various filings with the SEC.

You are also cautioned that any forward-looking statements reflect management’s current views only and that the company undertakes no obligation to revise or update such statements in the future. For simplicity sake and to focus on what we believe are the best indicators of our operating performance we will discuss results from continuing operations and we’ll also exclude special items from all periods in our discussions today. The reconciliation of this non-GAAP information has been attached to our earnings release and is also available on our website.

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