Olin (OLN) Q1 2012 Earnings Call April 27, 2012 10:00 am ET Executives Joseph D. Rupp - Chairman, Chief Executive Officer, President and Chairman of Executive Committee John E. Fischer - Chief Financial Officer and Senior Vice President John L. McIntosh - Senior Vice President of Operations Analysts Frank J. Mitsch - Wells Fargo Securities, LLC, Research Division Christopher W. Butler - Sidoti & Company, LLC Aleksey V. Yefremov - BofA Merrill Lynch, Research Division Donald Carson - Susquehanna Financial Group, LLLP, Research Division Dmitry Silversteyn - Longbow Research LLC Herbert Hardt - Monness, Crespi, Hardt & Co., Inc., Research Division Edward H. Yang - Oppenheimer & Co. Inc., Research Division Gregg A. Goodnight - UBS Investment Bank, Research Division Jeffrey Linn Gates - Gates Capital Management, Inc. Roman Kuznetsov PresentationOperator
Good morning, and welcome to Olin's First Quarter 2012 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Mr. Joseph Rupp, Chairman, President and CEO. Please go ahead, sir. Joseph D. Rupp Good morning, and thank you for joining us today. With me this morning are John Fischer, Senior Vice President and Chief Financial Officer; John McIntosh, our Senior Vice President of Operations; and Larry Kromidas, our Assistant Treasurer and Director of Investor Relations. Last night, we announced that net income in the first quarter of 2012 was $38.7 million, or $0.48 per diluted share. First quarter 2012 net income included a $1.9 million pretax restructuring charge, primarily associated with our ongoing Winchester centerfire relocation project. Sales in the first quarter of 2012 were $507.2 million.