Imation Corp. (IMN) Q2 2010 Earnings Call July 27, 2010 10:00 am ET Executives Tim Gallaher - IR Mark Lucas - CEO Paul Zeller - CFO Analysts Blaine Marder - Loeb Capital Management Mark Miller - Noble Financial Chuck Murphy - Sidoti & Company Jeff Hershey - Columbia Management PresentationOperator Good day, ladies and gentlemen, and welcome to your Imation announces Q2 earnings conference call. (Operator Instructions) I would now like to introduce your host for today’s conference call, Mr. Tim Gallaher. Tim Gallaher
Thank you, Kevin. Good morning, everyone, and welcome to our quarter 2, 2010 earnings conference call. On today’s call, you will be hearing from our CEO, Mark Lucas and our CFO, Paul Zeller. Before I turn the call over to them for their comments followed by your questions, I want to remind everyone that certain information discussed on this call that does not relate to historical information may be deemed to constitute forward-looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from any projected results. Risk factors that could cause results to differ are outlined in both the press release as well as our filings with the SEC. With that, I’d like to turn the call over to Mark. Mark? Mark Lucas Thank you, Tim, and good morning everyone. First let me comment on the quarter. While we continue to make progress in the evolution of our business model, we clearly need to drive for improved revenue and earnings. While getting better, our results are simply not strong enough. And having said that, we have been able to continue our return to solid cash flow, and we have improved gross margins and costs across our businesses. I believe these improvements are sustainable over the longer term, and I think Imation has strong, fundamental business practices in place.