Praxair (PX) Q1 2012 Earnings Call April 25, 2012 11:00 am ET Executives Kelcey E. Hoyt - Director of Investor Relations James S. Sawyer - Chief Financial Officer and Executive Vice President Analysts Steven Schwartz - First Analysis Securities Corporation, Research Division Edward H. Yang - Oppenheimer & Co. Inc., Research Division P.J. Juvekar - Citigroup Inc, Research Division Abhiram Rajendran - Crédit Suisse AG, Research Division Donald Carson - Susquehanna Financial Group, LLLP, Research Division Michael J. Sison - KeyBanc Capital Markets Inc., Research Division Laurence Alexander - Jefferies & Company, Inc., Research Division Jeffrey J. Zekauskas - JP Morgan Chase & Co, Research Division Unknown Analyst James Sheehan - Deutsche Bank AG, Research Division Brian Maguire - Goldman Sachs Group Inc., Research Division Kevin W. McCarthy - BofA Merrill Lynch, Research Division Duffy Fischer - Barclays Capital, Research Division David J. Manthey - Robert W. Baird & Co. Incorporated, Research Division Vincent Andrews - Morgan Stanley, Research Division PresentationOperator
Good day, ladies and gentlemen, and welcome to the First Quarter 2012 Praxair Earnings Conference Call. My name is Jeff, and I'll be your coordinator for today. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes. I would now like to turn the conference over to your host for today, Ms. Kelcey Hoyt, Director of Investor Relations. Please proceed, ma'am. Kelcey E. Hoyt Thanks, Jeff. Good morning and thank you for attending our First Quarter Earnings call and webcast. I'm joined this morning by Jim Sawyer, Executive Vice President and Chief Financial Officer; and Liz Hirsch, our Vice President and Controller.