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Exactech's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Exactech, Inc. (EXAC)

Q2 2012 Earnings Call

August 1, 2012 10:00 am ET

Executives

Bill Petty - CEO

Jody Phillips - CFO

David Petty - President

Analysts

Bill Plovanic - Canaccord

Jeff Johnson - Robert W. Baird

Jim Sidoti - Sidoti & Company

Presentation

Operator

Good morning, ladies and gentlemen, thank you for standing by. Welcome to the Exactech Inc. Second Quarter 2012 Results Conference Call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be opened for questions. (Operator Instructions)

At this time, I would like to turn the conference over to Bill Petty, Chief Executive Officer. Please go ahead sir.

Bill Petty

Thank you, Vince, and good morning and welcome to Exactech 2012 second quarter conference call. As we specifically do, I will make the opening comments, and Jody Phillips will give some more details about the financial report. And then Jody, and David Petty and I will participate in the question-and-answer session.

Before we begin, the disclaimer. The release contains various forward-looking statements within the meaning of Section 27A and 21E of the Securities Act of 1933 and 1934 respectively. They represent the company's expectations or beliefs concerning future events of the company's performance. These forward-looking statements are qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These factors include the effect of competitive pricing, the company's dependence on the ability of third-party manufacturers to produce components on a basis, which is cost-effective to the company, market acceptance of the company's products, compliance cost, the effects of government regulations, and other potential effects. Results actually achieved may differ materially from expected results included in these statements.

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