Waters (WAT) Q4 2011 Earnings Call January 24, 2012 8:30 am ET Executives Douglas A. Berthiaume - Chairman, Chief Executive Officer and President John A. Ornell - Chief Financial Officer and Vice President of Finance & Administration Analysts Ross Muken - Deutsche Bank AG, Research Division Amit Bhalla - Citigroup Inc, Research Division Jonathan P. Groberg - Macquarie Research Daniel Arias - UBS Investment Bank, Research Division Jeff Ares - Goldman Sachs Group Inc., Research Division Nandita Koshal - Barclays Capital, Research Division Derik De Bruin - BofA Merrill Lynch, Research Division Peter Lawson - Mizuho Securities USA Inc., Research Division Jon Davis Wood - Jefferies & Company, Inc., Research Division Doug Schenkel - Cowen and Company, LLC, Research Division Sung Ji Nam - Cantor Fitzgerald & Co., Research Division Daniel L. Leonard - Leerink Swann LLC, Research Division Quintin J. Lai - Robert W. Baird & Co. Incorporated, Research Division Tycho W. Peterson - JP Morgan Chase & Co, Research Division PresentationOperator
Good morning. Welcome to the Waters Corporation Fourth 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 and good morning, and welcome to this, the Waters Corporation Fourth Quarter Financial Results Conference Call. With me on today's call as usual is John Ornell, Waters' Chief Financial Officer; and Gene Cassis, the Vice President of Investor Relations. And as it's our normal practice, I'm going to start with an overview of the quarter's highlight, and then John will follow with details of our financial results and provide you with an outlook for the first quarter of 2012 and for the full year. But before we get going, I'd like John to cover the cautionary language.