Monsanto Co. (MON) F1Q11 (Qtr End 11/30/2010) Earnings Call January 6, 2011 9:30 am ET Executives Bryan Hurley - IR Lead Hugh Grant - Chairman and CEO Rob Fraley - Chief Technology Officer Pierre Courduroux - Chief Financial Officer Analysts Mike Ritzenthaler - Piper Jaffray Vincent Andrews - Morgan Stanley Duffy Fischer - Barclays Capital David Begleiter - Deutsche Bank Kevin McCarthy - Bank of America Don Carson - Susquehanna Financial Group Robert Koort - Goldman Sachs Jeff Zekauskas - JPMorgan Chase P.J. Juvekar - Citigroup PresentationOperator Greetings and welcome to the first quarter 2011 Monsanto Company earnings conference call and R&D topline update. (Operator Instructions) It is now my pleasure to introduce your host Bryan Hurley, Investor Relations Lead for Monsanto. Bryan Hurley
Thank you for joining our first quarter earnings conference call. I'm joined this morning by Hugh Grant, our Chairman and CEO; and by Rob Fraley, our Chief Technology Officer. Also sitting in for today's call is Pierre Courduroux who officially became our new Chief Financial Officer this week. Before we begin, I'd like to remind you that we are webcasting this call. You can access the webcast and two sets of supporting slides at monsanto.com. The replay is also available at that address. We're providing you today with EPS measures on both the GAAP basis and on an ongoing business basis. In those cases where we refer to non-GAAP financial measures, we've reconciled to the GAAP measure in the slides and in the press release, which are both posted on our website. This call will include statements concerning future events and financial results. Because these statements are based on assumptions and factors that involve risks and uncertainties, the company's actual performance and results may vary in a material way from those expressed or implied in any forward-looking statement. A description of the factors that may cause such a variance is included in the Safe Harbor language contained in our most recent 10-K and in today's press release.