POOL Corporation (POOL) Q2 2010 Earnings Call July 22, 2010 11:00 am ET Executives Manny Perez de la Mesa - President and CEO Mark Joslin - CFO and VP Analysts Tom Hayes - Piper Jaffray Leah Villalobos - Longbow Research Anthony Lebiedzinski - Sidoti & Company David Mann - Johnson Rice & Company Luke Junk - Robert W. Baird Jamie Baskin - Thompson Research Group Joel Havard - Hilliard Lyons David Mann - Johnson Rice & Company PresentationOperator
Greetings and welcome to Pool Corporation Second Quarter 2010 Earnings Release Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mark Joslin, Vice President and Chief Financial Officer of Pool Corporation. Thank you, Mr. Joslin, you may begin. Mark Joslin Good morning everyone and welcome to our second quarter 2010 conference call. I would like to once again remind our listeners that our discussion, comments, and responses to questions today may include forward-looking statements, including management's outlook for 2010 and future periods. Actual results may differ materially from those discussed today. Information regarding the factors and variables that could cause actual results to differ materially from projected results is discussed in our 10-K. Now, I will turn the call over to our President and CEO, Manny Perez de la Mesa. Manny? Manny Perez de la Mesa Thank you, Mark and good morning to all. I'm very pleased to report that the impact from the headwinds of the past several years that have reduced industry new construction by almost 80% and replacement refurbishment activity by over 30% below normalized levels have subsided.