W.R. Grace & Co. (GRA) Q1 2012 Earnings Call April 25, 2012 11:00 am ET Executives J. Mark Sutherland - Vice President of Investor Relations Alfred E. Festa - Chairman and Chief Executive Officer Hudson La Force - Chief Financial Officer and Senior Vice President Analysts Robert Walker - Jefferies & Company, Inc., Research Division Michael J. Sison - KeyBanc Capital Markets Inc., Research Division Christopher L. Shaw - Monness, Crespi, Hardt & Co., Inc., Research Division PresentationOperator
Good day, ladies and gentlemen, and welcome to the First Quarter 2012 W.R. Grace & Company Earnings Conference Call. My name is Keith, and I will be your operator for today. [Operator Instructions] As a reminder, today's conference is being recorded for replay purposes. And I would now like to turn the conference over to your host for today, Mr. Mark Sutherland, Vice President, Investor Relations. Please go ahead, sir. J. Mark Sutherland Thank you, Keith, and good morning, everyone. And thank you for joining us today, April 25, 2012, for a discussion of Grace's first quarter 2012 results released this morning. Joining me on today's call are Fred Festa, Grace's Chairman and Chief Executive Officer; and Hudson La Force, our Senior Vice President and Chief Financial Officer. Our earnings release and the corresponding presentation are available on our website. To download copies, go to grace.com and click on Investor Information. Links are available on the upper right-hand corner of the page. As you know, some of our comments today will be forward-looking and are made under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected or implied, due to a variety of factors. Please see our recent SEC filings for more detail on the risks that could impact Grace's future operating results and financial condition.
Jefferies analysts note that recent construction spending data indicates a cycle rotation away from construction-exposed names and toward industrial- and durable goods-levered firms could be playing out.