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 PresentationOperator
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.