National Oilwell Varco (NOV) Q3 2011 Earnings Call October 25, 2011 9:00 am ET Executives Clay C. Williams - Chief Financial Officer and Executive Vice President Merrill A. Miller - Chairman, Chief Executive Officer and President Loren Singletary - President Analysts Michael K. LaMotte - Guggenheim Securities, LLC, Research Division William A. Herbert - Simmons & Company International, Research Division Kurt Hallead - RBC Capital Markets, LLC, Research Division James Crandell - Dahlman Rose & Company, LLC, Research Division Geoff Kieburtz - Weeden & Co., LP, Research Division William Sanchez - Howard Weil Incorporated, Research Division PresentationOperator
Welcome to the National Oilwell Varco 2011 Third Quarter Earnings Call. My name is Kim, and I will be your operator for today's call. [Operator Instructions] Please note that this conference is being recorded. I'll now turn the call over to Mr. Loren Singletary, Vice President of Global Accounts and Investor Relations. Mr. Singletary, you may begin. Loren Singletary Thank you, Kim, and welcome, everyone, to the National Oilwell Varco's Third Quarter 2011 Earnings Conference Call. With me today is Pete Miller, Chairman, CEO and President of National Oilwell Varco; and Clay Williams, Chief Financial Officer. Before we begin this discussion of National Oilwell Varco's financial results for its third quarter ended September 30, 2011, please note that some of the statements we make during this call may contain forecast, projections and estimates, including, but not limited to, comments about our outlook for the company's business. These are forward-looking statements within the meaning of the federal securities laws based on limited information as of today, which is subject to change. They are subject to risks and uncertainties, and actual results may differ materially. No one should assume that these forward-looking statements remain valid later in the quarter or later in the year.