But before we get started, let me remind you that certain statements made during this call and in our discussions may be forward-looking and actual results may differ from our expectations. Actual results may differ materially from such statements due to a variety of factors that could adversely affect the company's operating results. Risks and uncertainties that may affect our results are provided in our press release and in our SEC filings on Form 10-K and Form 10-Q.
Now with that, let me turn the call over to John Stropki.
Thank you Vince and good morning everyone. We are pleased with the overall financial results for the quarter. Q2 of 2012 marked the second consecutive quarter of record sales and our operating results were very solid especially given the ongoing economic challenges in many of our key markets. The ongoing commitment to our 2020 vision and our long term strategy continues to driver our results and position the company for continued success. The strong contributions of our global workforce resulted in improved operating performance, increased sales, improved overall profitability and strong operating cash flows. We are very pleased with the overall quality of our earnings and results, Vince will cover shortly.As Vince mentioned at the beginning of our call, Chris Mapes has joined our discussion today. Last Friday, we announced that Chris will succeed me as President and Chief Executive Officer of Lincoln. I will remain as Chairman with a new title of Executive Chairman. This leadership transition will be effective December 31 of this year and it is a direct result of mine and the board’s conscientious focus on developing a deep talented and experienced management team for the company.We believe, we have the strongest and the best global team in our history as a result of our ongoing commitment to hiring and developing the best people in our industry. As COO and as a Director, Chris has demonstrated outstanding global leadership skills, broad strategic insights and significant operational expertise.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV