McCormick & Co.'s CEO Discusses Q1 2012 Results - Earnings Call Transcript

McCormick & Co. (MKC)

Q1 2012 Earnings Call

March 27, 2012 8:00 am ET

Executives

Joyce L. Brooks - Vice President of Investor Relations and Member of Investment Committee

Alan D. Wilson - Chairman, Chief Executive Officer and President

Gordon M. Stetz - Chief Financial Officer, Executive Vice President, Director and Chairman of Investment Committee

Analysts

Akshay S. Jagdale - KeyBanc Capital Markets Inc., Research Division

Thilo Wrede - Jefferies & Company, Inc., Research Division

Christopher Growe - Stifel, Nicolaus & Co., Inc., Research Division

Robert Dickerson - Consumer Edge Research, LLC

Ann H. Gurkin - Davenport & Company, LLC, Research Division

Mitchell B. Pinheiro - Janney Montgomery Scott LLC, Research Division

Robert Moskow - Crédit Suisse AG, Research Division

Eric R. Katzman - Deutsche Bank AG, Research Division

Charles Edward Cerankosky - Northcoast Research

Presentation

Joyce L. Brooks

Good morning. This is Joyce Brooks, McCormick's Vice President of Investor Relations. Thank you for joining today's call to review our company's first quarter financial results and 2012 outlook. We have posted a set of slides to accompany today's call at our website, ir.mccormick.com. [Operator Instructions] As a reminder, the conference is being recorded.

Joining us for today's call are Alan Wilson, Chairman, President and CEO; Gordon Stetz, Executive Vice President and CFO; and Mike Smith, Vice President, Treasury and Investor Relations. Alan is going to share some highlights from the first quarter of 2012 and how we are effectively adapting to the current business environment. Gordon will provide a review of our first quarter financial performance and discuss our 2012 financial guidance. After that, we look forward to discussing your questions and some closing remarks from Alan. We're planning a more in-depth review of McCormick's strategy and global growth initiatives at our April 17 Investor Conference in New York. I hope that you're planning to attend.

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