Illinois Tool Works' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Illinois Tool Works (ITW)

Q1 2012 Earnings Call

April 24, 2012 10:00 am ET

Executives

John L. Brooklier - Vice President of Investor Relations

David B. Speer - Chairman and Chief Executive Officer

Ronald D. Kropp - Chief Financial officer and Senior Vice President

Analysts

Alan Fleming - Barclays Capital, Research Division

Robert Wertheimer - Vertical Research Partners Inc.

Jamie L. Cook - Crédit Suisse AG, Research Division

John G. Inch - BofA Merrill Lynch, Research Division

Ann P. Duignan - JP Morgan Chase & Co, Research Division

Deane M. Dray - Citigroup Inc, Research Division

Henry Kirn - UBS Investment Bank, Research Division

Andrew M. Casey - Wells Fargo Securities, LLC, Research Division

Ajay Kejriwal - FBR Capital Markets & Co., Research Division

Nigel Coe - Morgan Stanley, Research Division

Presentation

Operator

Welcome, and I would like to thank you all for holding [Operator Instructions] Today's call is being recorded. If you have any objections, you may disconnect. I'd now like to turn with John Brooklier. Sir, you may begin.

John L. Brooklier

Thank you, Ed. Good morning, everyone, and welcome to our first quarter 2012 conference call. As is our normal practice, our CEO, David Speer; and CFO, Ron Kropp, have joined me to discuss our first quarter financial results, as well as our 2012 earnings forecast.

Here's the agenda for today's call. David will provide some brief commentary on 3 important long-term initiatives we have launched in the company, as well as discuss some first quarter highlights. Ron will then cover our Q1 financial results in much more detail. I'll come back and talk about our first quarter geographic and segment results, and then Ron will cover our 2012 Q2 and full year forecast. Finally, we will open the call to your questions. [Operator Instructions] We've scheduled 1 hour for today's call.

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