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Tyco International Management Discusses Q3 2012 Results - Earnings Call Transcript

I would like to remind you that during the course of today's call, we will be providing certain forward-looking information. We ask that you look at today's press release and read through the forward-looking cautionary informational statements that we've included there. In addition, we will use certain non-GAAP measures in our discussions, and we ask that you read through the sections of our press release that address the use of these items.

The press release issued this morning and all related tables, as well as the conference call slides, can be found on the Investor Relations portion of our website at Please also note that we'll be filing our quarterly SEC Form 10-Q later today.

Certain items to be discussed during today's call, including those related to the company's proposed separation, are addressed in a proxy statement which has been filed with the Securities and Exchange Commission. Before making any voting decision, investors are urged to read the proxy statement regarding the proposed separation and other -- any other relevant documents carefully in their entirety because they contain important information about the proposed separation. Free copies of the proxy statement and other documents filed with the SEC by Tyco can be obtained through the SEC's website, as well as through Tyco's website.

I would also like to remind you that we are in a registration period due to the various filings related to the proposed separation and the announced merger of our Flow Control business with Pentair. As a result, we will not be able to answer questions related to those items and ask that you keep this in mind during the Q&A session.

In discussing our segment operations, when we refer to changes in average revenue per user, backlog and order activity, these figures exclude the impact of foreign currency. Additionally, references to our operating margins during the call exclude special items, and these metrics are non-GAAP measures. Again, these non-GAAP measures are reconciled in the schedules attached to our press release.

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