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

KBR (KBR)

Q1 2012 Earnings Call

April 26, 2012 9:00 am ET

Executives

Zachary A. Nagle - Vice President of Investor Relations and Communications

William P. Utt - Chairman, Chief Executive Officer and President

Susan K. Carter - Chief Financial Officer and Executive Vice President

Analysts

Scott J. Levine - JP Morgan Chase & Co, Research Division

John Rogers - D.A. Davidson & Co., Research Division

Steven Fisher - UBS Investment Bank, Research Division

Jamie L. Cook - Crédit Suisse AG, Research Division

Andy Kaplowitz - Barclays Capital, Research Division

Joseph Ritchie - Goldman Sachs Group Inc., Research Division

Chase Jacobson - William Blair & Company L.L.C., Research Division

George O'Leary - Tudor, Pickering, Holt & Co. Securities, Inc., Research Division

Martin W. Malloy - Johnson Rice & Company, L.L.C., Research Division

Robert F. Norfleet - BB&T Capital Markets, Research Division

Matthew P. Tucker - KeyBanc Capital Markets Inc., Research Division

Robert Connors - Stifel, Nicolaus & Co., Inc., Research Division

Presentation

Operator

Good day, and welcome to KBR's First Quarter 2012 Earnings Conference Call hosted by KBR. This call is being recorded. [Operator Instructions] For opening remarks and introductions, I would like to turn the conference over to Mr. Zack Nagle, Vice President of Investor Relations and Communications. Please go ahead, sir.

Zachary A. Nagle

Good morning, and thank you for joining us for KBR's First Quarter 2012 Conference Call. Today's call is also being webcast and a replay will be available on KBR's website for 7 days at kbr.com. For any of you who missed our press release, you can also find it at kbr.com. Joining me today are: Bill Utt, Chairman, President and Chief Executive Officer; and Sue Carter, Executive Vice President and Chief Financial Officer. During today's call, Bill will provide an overview of KBR's first quarter operating results, highlighting a number of key areas. He will then take you through an update on our major prospects and provide his insight on KBR's market outlook. Sue will then provide an overview of the key financial takeaways for the quarter. Lastly, before turning the call to Q&A, Bill will provide closing comments. After our prepared remarks, we'll open the floor for questions.