Baker Hughes Incorporated's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Baker Hughes Incorporated (BHI)

Q1 2012 Earnings Call

April 24, 2012 8:30 am ET

Executives

Adam B. Anderson - Vice President of Investor Relations

Martin S. Craighead - Chief Executive Officer, President and Director

Peter A. Ragauss - Chief Financial Officer and Senior Vice President

Analysts

William A. Herbert - Simmons & Company International, Research Division

John David Anderson - JP Morgan Chase & Co, Research Division

James C. West - Barclays Capital, Research Division

James D. Crandell - Dahlman Rose & Company, LLC, Research Division

Ole H. Slorer - Morgan Stanley, Research Division

Angeline M. Sedita - UBS Investment Bank, Research Division

Kurt Hallead - RBC Capital Markets, LLC, Research Division

Joe Hill - Tudor, Pickering, Holt & Co. Securities, Inc., Research Division

Presentation

Operator

My name is Stephanie, and I will be your conference facilitator. At this time, I would like to welcome everyone to the Baker Hughes First Quarter 2012 Earnings Conference Call. [Operator Instructions] I will now turn the conference over to Mr. Adam Anderson, Vice President of Investor Relations. Sir, you may proceed.

Adam B. Anderson

Thank you, Stephanie. Good morning, everyone. Welcome to the Baker Hughes First Quarter 2012 Earnings Conference Call. Here with me today are Martin Craighead, President and CEO; and Peter Ragauss, Senior Vice President and Chief Financial Officer.

Following management's comments, we will open the lines for your questions. Reconciliation of operating profits and non-GAAP measures to GAAP results for historic period can be found on our website at www.bakerhughes.com in the Investor Relations section under Financial Information.

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