Valmont Industries, Inc. ( VMI) Q4 2011 Earnings Call February 15, 2012 9:00 am ET Executives Jeff Laudin - Manager of IR Mogens Bay - Chairman and CEO Terry McClain - SVP and CFO Mark Jaksich - VP and Corporate Controller Analysts Julian Mitchell - Credit Suisse Arnie Ursaner - CJS Securities Carter Shoop - KeyBanc Schon Williams - BB&T Capital Markets Brian Drab - William Blair Jeff Beach - Stifel Nicolaus Taryn Kuida - D. A. Davidson PresentationOperator
At this time, I would like to welcome everyone to the Valmont Industries' fourth quarter earnings conference call. (Operator Instructions) I would now like to turn the call over to Mr. Jeff Laudin, Manager of Investor Relations. JeffLaudin Welcome to the Valmont Industries' fourth quarter earnings conference call. With me today are Mogens Bay, Chairman and Chief Executive Officer; Terry McClain, Senior Vice President and Chief Financial Officer; and Mark Jaksich, Vice President and Corporate Controller. Before we begin please note, this discussion is subject to our disclosure on forward-looking statements, which applies to today's talk and will be read in full at the end of the call. The instructions for accessing a replay of this call can be found in our press release. I would now like to turn the floor over to our Chairman and Chief Executive Officer, Mogens Bay. Mogens Bay Good morning, everyone, and thank you for joining us. I trust you have all read the press release, so I will focus on some of the highlights for the quarter and for the year. The main drivers of fourth quarter operating results were significant sales increases in the irrigation and utility businesses and great operating leverage in the Utility Support Structures, Irrigation and Coatings segments.