Dresser-Rand Group's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Dresser-Rand Group Inc. ( DRC)

Q4 2011 Earnings Call

March 1, 2012 9:00 a.m. ET


Derrico – Director, IR

Vincent Volpe – President and CEO

Mark Baldwin – EVP and CFO


Jeff Spittel - Global Hunter Securities

James West - Barclays Capital

Jon Donnel - Howard Weil

Robin Shoemaker – Citigroup

Tom Curran - Wells Fargo

William Conroy - Pritchard Capital Partners

Robert Connors – Stifel Nicolaus



Good morning, ladies and gentlemen. And welcome to Dresser-Rand's Fourth Quarter and Year-End 2011 Earnings Conference Call. My name is Stephanie, and I will be your coordinator for today's conference. (Operator Instructions) As a reminder, this conference call is being recorded for replay purposes. After Dresser-Rand's comments today, I will instruct you on the procedures for asking your questions. I'll now turn the conference over to Blaise Derrico, Director of Investor Relations. Please proceed, sir.

Blaise Derrico

Thank you, Stephanie. Good morning all. This call is open to the public. It's being webcast simultaneously at www.dresser-rand.com and will be temporarily archived for replay. A copy of the news release we issued yesterday is available on our website, as are the slides we will use today during our presentation. We will let you know when to advance the slides as we deliver our prepared remarks.

Please turn to slide number two. The statements made during this conference call that are not historical facts may be forward-looking statements. Forward-looking statements involve risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied in such statements. In addition, this conference call contains time-sensitive information that reflects management's best judgment, only as of the date of the live call.

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