Next, our remarks today will include a discussion of adjusted EBITDA and free cash flow, both of which are non-GAAP measures. These non-GAAP measures are defined in the footnotes to our release and are also reconciled to their most directly comparable GAAP measures in the financial tables at the end of our release. And finally, as a remainder, our discussion this morning should not be copied or recorded.With that, I will turn the call over to Alan. Alan Ennis – President and Chief Executive Officer Thank you, Elise and good morning everyone. As you know our strategic objective is to drive profitable growth and in our third quarter we continue to successfully execute the strategy. With regard to building our strong brands, during the third quarter we grew net sales by 3.6% excluding the impact of currency fluctuations. Our U.S. regions drove the increase with positive performance across our Revlon color cosmetics, Revlon ColorSilk, and Sinful Colors brands. Outside the U.S., our net sales declined in the quarter. However, on year-to-date basis most of our regions have grown year-over-year. In addition our continued emphasis on innovation effective brand communication and in-store execution positively impacted our performance in the quarter. We are also extremely excited this quarter to announce the two of Hollywood’s most sought after actresses, Emma Stone and Olivia Wilde joined us as global brand ambassadors for our Revlon brand. These remarkable talented actresses personify the Revlon woman, glamorous, confident and bold, and will help us build meaningful connections with consumers. Another key element of our strategy is to develop our organizational capability. To that end we’ve recently strengthened our global leadership team with the addition of Xavier Garijo as our Executive Vice President and Chief Supply Chain Officer. Xavier joins us with broad experience product space having served in key leadership roles at top consumer product companies. We are focused on more effectively globalizing our supply chain and I’m trilled to have someone of Xavier’s capability leading that efforts.
With regard to our strategic objectives of increasing our operating profit in cash flow and improving our capital structure, we continue to make progress as we sustain competitive operating margins reduced interest expense and generated positive free cash flow. While we remain focused on delivering profitable growth, we are extremely aware of the challenging global economic environment and so we continue to manage our resources carefully with the balance perspective on long-term growth and profitability. So taking a look at our performance so far this year, we have grown the top-line with sustained competitive margins and we are generating positive cash flow all of which we believe reflective the effectiveness of our strategy.So with that, I’ll hand it over to Chris, he will talk about our marketplace performance. Chris Elshaw – Executive Vice President and Chief Operating Officer Thank you, Alan, and good morning everyone. Today I will review our net sales performance excluding the impacts of changes in foreign currencies by region and by brand. Total company net sales in the third quarter were $337.2 million, an increase of 3.6% versus a third quarter of last year. The increase was primarily driven by the inclusion of the net sales of simple colors and higher net sales of Revlon color cosmetics and Revlon ColorSilk hair color. Partially offset by lower net sales in Venezuela due to the June 2011 fire at tour facility there. From the regional standpoints, in the United States net sales increased $18 million or 10.8% primarily due to the inclusion of net sales of Sinful Colors and higher net sales of Revlon color cosmetics and Revlon ColorSilk hair color. It is important to note that net sales in the U.S. region grew in the quarter, excluding the results of Sinful Colors. In Asia-Pacific, net sales decreased $1.3 million, or 2.4%. Lower net sales of Revlon color cosmetics in Japan and Australia and other beauty care products were partially offset by higher net sales of Revlon color cosmetics in China and certain distributor markets. Read the rest of this transcript for free on seekingalpha.com