Herbalife Limited (HLF)
Q2 2012 Earnings Call
July 31, 2012 11:00 AM ET
Brett Chapman – General Counsel
Michael Johnson – Chairman and CEO
Des Walsh – President
John DeSimone – CFO
Tim Ramey – DA Davidson
John San Marco – Janney
Linda Weiser – Caris & Company
Scott Van Winkle – Canaccord
Good morning and thank you for joining the Second Quarter 2012 Earnings Conference Call for Herbalife Ltd.
On the call today is Michael Johnson, the company’s Chairman and CEO; the company’s President, Des Walsh; John DeSimone, the company’s CFO; and Brett Chapman, the company’s General Counsel.
I would now like to turn the call over to Brett Chapman to read the company’s Safe Harbor language.
Before we begin, as a reminder, during this conference call comments may be made that include some forward-looking statements. These statements involve risks and uncertainty and, as you know, actual results may differ materially from those discussed or anticipated. We encourage you to refer to yesterday’s earnings release and our SEC filings for a complete discussion of risks associated with these forward-looking statements and our business.
In addition, during this call, certain financial performance measures may be discussed that differ from comparable measures contained in our financial statements, prepared in accordance with U.S. generally accepted accounting principles, referred to by the Securities and Exchange Commission as non-GAAP financial measures. We believe these non-GAAP financial measures assist management and investors in evaluating and comparing period-to-period results of operations in a more meaningful and consistent manner. Please refer to the Investor Relations section of our website, herbalife.com, to find our press release for this quarter, which contains a reconciliation of these measures. Additionally, when management makes reference to volume during this conference call, they are referring to volume points.