Waters (WAT) Q3 2011 Earnings Call October 25, 2011 8:30 am ET Executives Douglas A. Berthiaume - Chairman, Chief Executive Officer and President Arthur G. Caputo - Executive Vice President and President of the Waters Division John A. Ornell - Chief Financial Officer and Vice President of Finance & Administration Analysts Charles Anthony Butler - Barclays Capital, Research Division Ross Muken - Deutsche Bank AG, Research Division Steve Willoughby - Jonathan P. Groberg - Macquarie Research Daniel Arias - UBS Investment Bank, Research Division Jeff Ares - Goldman Sachs Group Inc., Research Division Stephen S. Unger - Lazard Capital Markets LLC, Research Division Peter Lawson - Mizuho Securities USA Inc., Research Division Jon Davis Wood - Jefferies & Company, Inc., Research Division Julian Cochran - Leerink Swann LLC, Research Division Tycho W Peterson - JP Morgan Chase & Co, Research Division Quintin J. Lai - Robert W. Baird & Co. Incorporated, Research Division Derik De Bruin - UBS Investment Bank, Research Division Unknown Analyst - PresentationOperator
Good morning. Welcome to the Waters Corporation Third Quarter 2011 Financial Results Conference Call. [Operator Instructions] This conference is being recorded. [Operator Instructions] I would like to introduce your host for today's call, Mr. Douglas Berthiaume, Chairman, President and Chief Executive Officer of Waters Corporation. Sir, you may begin. Douglas A. Berthiaume Thank you. Well, good morning, and welcome to the Waters Corporation Third Quarter Financial Results Conference Call. With me on today's call is John Ornell, Waters' Chief Financial Officer; Art Caputo, the President of the Waters Division; and Gene Cassis, the Vice President of Investor Relations. And as it is our normal practice, I will start with an overview of the quarter's highlight, John will follow with details of our financial results and provide you with an outlook for the full year. But before we get going, I'd like John to cover the cautionary language.