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July 26, 2012 10:00 am ET
Greg Peterson - Director of Investor Relations
Martin H. Richenhagen - Chairman, Chief Executive Officer, President, Chairman of Executive Committee and Member of Succession Planning Committee
Andrew H. Beck - Chief Financial Officer, Chief Accounting Officer and Senior Vice President
Andy Kaplowitz - Barclays Capital, Research Division
Ann P. Duignan - JP Morgan Chase & Co, Research Division
Robert Wertheimer - Vertical Research Partners Inc.
Jamie L. Cook - Crédit Suisse AG, Research Division
Ashish Gupta - Credit Agricole Securities (USA) Inc., Research Division
Michael E. Cox - Piper Jaffray Companies, Research Division
Jerry Revich - Goldman Sachs Group Inc., Research Division
Stephen E. Volkmann - Jefferies & Company, Inc., Research Division
Andrew M. Casey - Wells Fargo Securities, LLC, Research Division
Timothy Thein - Citigroup Inc, Research Division
Seth Weber - RBC Capital Markets, LLC, Research Division
Good morning. My name is Tiffany, and I will be your conference operator today. At this time, I would like to welcome everyone to the AGCO Corporation's 2012 Second Quarter Earnings Release Conference Call. [Operator Instructions] Thank you.
I would now like to turn the conference over to Mr. Greg Peterson. Please go ahead, sir.
Thank you, Tiffany. Good morning, and welcome to those of you joining us for our call and Internet playback of that call for AGCO second quarter earnings. We will refer to a slide presentation, which is posted on our website at www.agcocorp.com, and we'll also use some non-GAAP measures during our presentation this morning. And we've got those non-GAAP measures reconciled to GAAP measures in the last section of the presentation.