Solutia, Inc. (SOA) Q2 2010 Earnings Call July 27, 2010 10:00 am ET Executives Susannah Livingston - VP, IR and Communications Jeff Quinn - Chairman, President and CEO Jim Voss - EVP and COO Jim Sullivan - EVP and CFO Analysts David Begleiter - Deutsche Bank Laurence Alexander - Jefferies Frank Mitsch - BB&T Capital Markets Doug Chudy - KeyBanc Hassan Ahmed - Alembic Global PresentationOperator
Good day ladies and gentlemen and welcome to the Second Quarter 2010 Solutia Inc. Earnings Conference Call. My name is Stephanie and I will be your operator for today. At this time all participants are in listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions]. I 'll now like to turn the conference over to our host for today Ms. Susannah Livingston, Vice President, Investor Relations and Communication. Please go ahead. Susannah Livingston Thank you, Stephanie and good morning to everyone. We are pleased you have taken the time to join Solutia 's second quarter conference call. Jeff Quinn, Solutia 's Chairman, President and Chief Executive Officer; Jim Voss, Executive Vice President and Chief Operating Officer; and Jim Sullivan, Executive Vice President and Chief Financial Officer are with me this morning. First, I would like to remind you that we are webcasting this call which you can access through our website solutia.com. We will be using presentation materials today that are posted on the website along with the earnings release announcing second quarter results. Finally, Solutia 's Form 10-Q will be filed within a few days. If you would please turn to slide two, during this call management may make certain forward-looking statements. These statements are based on management 's current expectations and are subject to change. Our actual results may differ materially. Please read our commentary on forward-looking statements at the end of our press release or the statements in our quarterly and annual SEC filings. Our prepared remarks today include reference to non-GAAP financials in our discussions of earnings. For reconciliation of our non-GAAP measures to GAAP figures, please see the schedules in our earnings release and contained in the slides today. Also, just to be clear, we define EBITDA as earnings from continuing operations before interest, loss on debt extinguishment, taxes, depreciation, amortization and non-controlling interest. Adjusted EBITDA is EBITDA excluding certain gains and charges and stock-based compensation expense.