Lorillard's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Lorillard (LO)

Q1 2012 Earnings Call

April 25, 2012 9:00 am ET


Robert Bannon - Director of Investor Relations

Murray S. Kessler - Chairman, Chief Executive Officer and President

David H. Taylor - Chief Financial Officer and Executive Vice President of Finance & Planning


Matthew C. Grainger - Morgan Stanley, Research Division

Nik Modi - UBS Investment Bank, Research Division

Judy E. Hong - Goldman Sachs Group Inc., Research Division

Vivien Azer - Citigroup Inc, Research Division

Thilo Wrede - Jefferies & Company, Inc., Research Division

Christopher Growe - Stifel, Nicolaus & Co., Inc., Research Division

Andrew Kieley - Deutsche Bank AG, Research Division

Ann H. Gurkin - Davenport & Company, LLC, Research Division

Christopher Ferrara - BofA Merrill Lynch, Research Division

Erik A. Bloomquist - Berenberg Bank, Research Division

David J. Adelman - Morgan Stanley, Research Division



Good day, ladies and gentlemen, and welcome to the Lorillard Inc. First Quarter 2012 Earnings Conference Call. My name is Ashley, and I will be your conference operator for today's call. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes.

At this time, I would like to turn the conference over to your host for today's call, Mr. Bob Bannon. You may begin, sir.

Robert Bannon

Thank you, Ashley, and good morning, everyone. I'm Bob Bannon, Lorillard's Director of Investor Relations, and joining me on today's call are Murray Kessler, Lorillard's Chairman, President and Chief Executive Officer; and David Taylor, its Chief Financial Officer.

By now, you should have received a copy of our first quarter 2012 earnings release. It can be found on the company's website, lorillard.com, under News Releases.

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