Layne Christensen (LAYN)
Q2 2013 Earnings Call
September 06, 2012 11:00 am ET
Devin Sullivan - Senior Vice President
Rene J. Robichaud - Chief Executive Officer, President and Director
Jerry W. Fanska - Principal Financial Officer, Principal Accounting Officer, Senior Vice President of Finance and Treasurer
Jeffrey J. Reynolds - Chief Operating Officer, Executive Vice President and Director
John Rogers - D.A. Davidson & Co., Research Division
Steven Fisher - UBS Investment Bank, Research Division
Michael G. Roomberg - Ladenburg Thalmann & Co. Inc., Research Division
Gerard J. Sweeney - Boenning and Scattergood, Inc., Research Division
Good day, ladies and gentlemen, and thank you for standing by and welcome to the Layne Christensen Company's 2013 Second Quarter Financial Results Conference Call. [Operator Instructions] As a reminder, today's conference may be recorded. It is now my pleasure to turn the call over to Devin Sullivan, Senior Vice President for the Equity Group. Sir, the floor is yours.
Thank you, Hewey. Good morning, everyone, and thank you for joining us today for Layne Christensen's Fiscal 2013 Second Quarter Conference Call. Our speakers today will be Rene Robichaud, President and Chief Executive Officer of Layne Christensen, and Jerry Fanska, Senior Vice President of Finance. Before we get started, I'd like to remind everyone that statements made during today's call may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. Such statements may include, but are not limited to, statements of plans and objectives; statements of future economic performance and statements of assumptions underlying such statements; and statements of management's intentions, hopes, beliefs, expectations or predictions of the future. Forward-looking statements can often be identified by use of forward-looking terminology such as should, intended, continue, believe, may, hope, anticipate, goal, forecast, plan, estimate and similar words or phrases. Such statements are based on current expectations and are subject to certain risks and uncertainties and assumptions, including but not limited to, the outcome of the ongoing internal investigation into, among other things, the legality under the FCPA and local laws of certain payments to agents and other third parties interacting with government officials in certain countries in Africa relating to the payment of taxes and the importing of equipment, including any government enforcement action, which could arise out of the matters under review, or that the matters under review may have resulted in a higher dollar amount of payments or may have a greater financial and business impact than management currently anticipates; prevailing prices for various commodities; unanticipated slowdowns in the company's major markets; the availability of credit; the risks and uncertainties normally incident to the construction industry and exploration for and development of production of oil and gas; the impact of competition; the effectiveness of operational changes expected to increase efficiency and productivity; worldwide economic and political conditions and foreign currency fluctuations that may affect worldwide results of operations. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially and adversely from those anticipated, estimated or projected.