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Dresser-Rand's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Dresser-Rand Group Inc. (DRC)

Q2 2012 Earnings Conference Call

August 03, 2012 9:00 AM ET


Blaise Derrico - Director, IR

Vincent Volpe - President and CEO

Mark Baldwin - EVP and CFO


Robin Shoemaker – Citigroup

Jeff Spittel – Global Hunter

Tom Curran - Wells Fargo

Rhett Carter - Tudor, Pickering, Holt & Co.

Jon Donnel - Howard Weil

Joe Gibney – Capital One

John Moore –C.L. King & Associates

Robert Connors – Stifel Nicolaus



Good morning, ladies and gentlemen, and welcome to Dresser-Rand’s Second Quarter 2012 Earnings Conference Call. My name is Shannon, and I will be your coordinator for today’s call. At this time, all participants are in a listen-only-mode. We will be facilitating a question-and-answer session towards the end of this conference call. (Operator instructions). As a reminder, this conference call is being recorded for replay purposes. After Dresser-Rand’s comments today, I will instruct you on the procedures for asking your questions.

I will now turn the conference over to Blaise Derrico, Director of Investor Relations. Please proceed, Sir.

Blaise E. Derrico

Shannon, thank you, and good morning to all. This call is open to the public; it’s being webcast simultaneously at and will be temporarily archived for replay. A copy of the news release we issued yesterday is available on our website, as of the slides we will use today during our presentation. We will let you know when to adapt the slides as we deliver our prepared remarks

Please turn to Slide number 2. The statements made during this conference call that are not historical facts may be forward-looking statements. Forward-looking statements involve risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied in such statements. In addition, this conference call contains time-sensitive information that reflects management's best judgment only as of the date of the live call. Management's statements may also include non-GAAP financial measures. For reconciliation of these measures, refer to our earnings news release or the conference slides available on our website.

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