W.R. Grace & Co. ( GRA) Q3 2011 Earnings Call October 25, 2011 1:00 p.m. ET Executives Mark Sutherland – VP Investor Relations Alfred Festa - Chairman of the Board, Chief Executive Officer and President Hudson La Force - Chief Financial Officer, Principal Accounting Officer and Senior Vice President Analysts Rob Walker - Jefferies & Company, Inc. Michael Sison - KeyBanc Capital Markets Inc. James Barrett - CL King & Associates, Inc. Patrick Duff - Glider Patrick Murray - Credit Suisse PresentationOperator
My name is Lacy, and I will be your coordinator for today. At this time, all participants are in listen-only mode. Later we will facilitate a question-and-answer session, towards the end of the presentation. (Operator Instructions) As a reminder, this conference is being recorded for replay purposes. I would now like to turn the presentation over to your host for today’s call, Mr. Mark Sutherland Vice President of Investor Relations. Please proceed. Mark Sutherland Thank you, Lacy, and hello, everyone, and thank you for joining us today, October 25, 2011 for a discussion of Grace’s third quarter results released this morning. Joining me on today's call are Fred Festa, Grace’s Chairman, President, and Chief Executive Officer; and Hudson La Force, our Senior Vice President and Chief Financial Officer. Our earnings release and the corresponding presentation are available on our website. To download copies, go to grace.com and click on Investor Information. Links are available on the upper right corner of the page. As you know, some of our comments today will be forward-looking and are made under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected or implied due to a variety of factors. Please see our recent SEC filings for more details on the risks that could impact Grace's future operating results and financial condition.
Jefferies analysts note that recent construction spending data indicates a cycle rotation away from construction-exposed names and toward industrial- and durable goods-levered firms could be playing out.