Lincoln Electric Holdings, Inc. (LECO) Q4 2011 Earnings Call February 17, 2012; 10:00 am ET Executives John Stropki - Chairman & Chief Executive Officer Vince Petrella - Chief Financial Officer Analysts Mark Douglass - Longbow Research Alex Walsh - KeyBanc Capital Markets Walter Liptak - Barrington Research Brian Rayle - Northcoast Research Holden Lewis - BB&T Capital Markets Greg Halter - Great Lakes Review PresentationOperator
Greetings and welcome to the Lincoln Electric, fourth quarter and full year 2011 financial results conference call. At this time all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator Instructions) It is now my pleasure to introduce your host, Vince Petrella, Chief Financial Officer for Lincoln Electric. Thank you sir. You may begin. Vincent Petrella Thank you Christine. Good morning to all of you joining us today and welcome to the Lincoln Electric 2011 fourth quarter financial results conference call. We released our earnings this morning prior to the market’s open. Additional copies can be obtained on the Lincoln Electric website or by contacting our Investor Relations office. Starting the discussion this morning will be John Stropki, Lincoln’s Chairman and Chief Executive Officer. John will provide commentary on the quarter and the year, as well as discuss some activity in our statements. I will follow with some more financial numbers in greater detail. We’ve included a PowerPoint presentation as a part of today's discussion, which is available on the Lincoln website as well, under the Investor Webcast tab. But before we get started with today’s discussion, let me remind you that certain statements made during this call and in our discussions maybe forward-looking and actual results may differ from our expectations.