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TheStreet Open House

OM Group's CEO Discusses Q2 2012 Results - Earnings Call Transcript

OM Group, Inc. (OMG)

Q2 2012 Earnings Call

August 9, 2012 10:00 AM ET

Executives

Joe Scaminace – Chairman and CEO

Chris Hix – CFO

Steve Dunmead – VP and GM, Specialty Businesses

Analysts

Rosemarie Morbelli – Gabelli & Company

Mike Harrison – First Analysis

Ivan Marcuse – KeyBanc Capital Markets

Saul Ludwig – Northcoast Research

Presentation

Operator

Good morning, and welcome to OM Group’s Second Quarter 2012 Financial Results Conference Call. Information presented on the call may include forward-looking statements that are subject to uncertainties, risks and factors which are difficult to predict.

Actual results could differ materially from those expressed or implied. A more complete disclosure regarding forward-looking statements can be found at the bottom of OM Group’s press release or in their Form 10-K, and applies to this call.

I will now turn the call over to Mr. Joe Scaminace, Chairman and Chief Executive Officer of OM Group.

Joe Scaminace

Good morning, everyone, and welcome to our second quarter earnings call. Today I’m joined by Chris Hix, our CFO; Steve Dunmead, VP, GM of our Specialties business; and Rob Pierce, Vice President of Finance, whose responsibilities include Investor Relations.

You can see our standard Safe Harbor disclosure on slide two, so let’s get right into the details on slide three. I’m pleased to report that in the second quarter of 2012, we delivered solid profitability and very strong cash flows. We accomplished this in the face of several difficult factors that were beyond our control.

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