Johnson Controls (JCI) Q3 2010 Earnings Call July 23, 2010 11:00 am ET Executives Glen Ponczak - Director of IR Stephen Roell - Chairman of the Board, Chief Executive Officer, President and Chairman of Executive Committee R. McDonald - Chief Financial Officer, Principal Accounting Officer and Executive Vice President Analysts Richard Kwas - Wells Fargo Securities, LLC Colin Langan - UBS Investment Bank Rod Lache - Deutsche Bank AG Keith Schicker - Robert W. Baird Brian Johnson - Barclays Capital Christopher Ceraso - Crédit Suisse AG Timothy Denoyer John Murphy - BofA Merrill Lynch Ravi Shanker - Morgan Stanley PresentationOperator Welcome, and thank you for standing by. [Operator Instructions] I would now turn the call over to Glen Ponczak. Thank you, sir, and you may begin. Glen Ponczak
Good morning, everybody, and thank you for joining us. I am here today with Steve Roell, who is our Chairman and Chief Executive Officer, as you know, who will be providing an overview of our markets and a little bit about the quarter; Bruce McDonald, Executive Vice President and Chief Financial Officer, will go in more detail in business results and to perform a financial review. And then that would be followed by some questions and answers concluding right around noon, if it goes that long. And before we start, I'd like to remind you of our forward-looking statement. Johnson Controls had made forward-looking statements in this presentation pertaining to its financial results for fiscal 2010 and beyond that are based on preliminary data, and are subject to risks and uncertainties. All statements other than statements of historical fact are statements that are or could be deemed forward-looking statements and include terms such as outlook, expectations, estimates or forecasts. For those statements, the company cautions that numerous important factors, such as automotive vehicle production levels, mix and schedules, energy prices, the strength of the U.S. or other economies, currency exchange rates, cancellation of/or changes to commercial contracts, changes in the levels or timing of investments in commercial buildings, the ability to execute on restructuring actions according to anticipated timelines and costs, as well as other factors discussed in Item 1A of Part 1 of the company's most recent Form 10-K filing, could affect the company's actual results and could cause its actual consolidated results to differ materially from those expressed in any forward-looking statement made by or on behalf of the company.