Graphic Packaging Holding (GPK) Q4 2011 Earnings Call February 23, 2012 10:00 am ET Executives Brad Ankerholz - David W. Scheible - Chief Executive Officer, President and Director Daniel J. Blount - Chief Financial Officer and Senior Vice President Analysts Philip Ng - Jefferies & Company, Inc., Research Division Matthew R. Wooten - Robert W. Baird & Co. Incorporated, Research Division Unknown Analyst Alex Ovshey - Goldman Sachs Group Inc., Research Division PresentationOperator
Good morning, and welcome to the Graphic Packaging Fourth Quarter and Full Year 2011 Earnings Call. [Operator Instructions] As a reminder, today's call is being recorded. I would now like to introduce Brad Ankerholz, Vice President and Treasurer. Please begin. Brad Ankerholz Thank you, Rachel, and welcome to everybody on the phone to the Graphic Packaging Holding Companies fourth quarter and full year 2011 earnings call. Commenting on results this morning will be David Scheible, the company’s President and CEO; and Dan Blount, our Senior Vice President and CFO. To help you follow along with today's call, we have provided a slide presentation, which can be accessed by clicking on the Q4 earnings webcast link on the Investor Relations section of our website which is graphicpkg.com. I would like to remind everyone this morning that statements of our expectations in this call constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements, including but not limited to, statements relating to the effect of the combination with Delta Natural Kraft and Mid-America Packaging, recovery of raw material inflation costs, consumer demand and pricing trends, capital expenditures, cash pension contributions and pension expense, depreciation and amortization, interest expense, debt and leverage reduction, performance improvements, and cost reduction initiatives, including the closure of facilities, are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from the company's present expectations.