Rowan Companies' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Rowan Companies (RDC)

Q1 2012 Earnings Call

May 02, 2012 11:00 am ET

Executives

Suzanne M. McLeod - Director of Investor Relations

W. Matt Ralls - Chief Executive Officer, President, Director and Chairman of Executive Committee

Mark A. Keller - Executive Vice President of Business Development

William H. Wells - Chief Financial Officer, Vice President of Finance, Senior Vice President and Treasurer

Thomas P. Burke - Chief Operating Officer

Analysts

Douglas L. Becker - BofA Merrill Lynch, Research Division

David Wilson - Howard Weil Incorporated, Research Division

Ian Macpherson - Simmons & Company International, Research Division

Robin E. Shoemaker - Citigroup Inc, Research Division

Joe Hill - Tudor, Pickering, Holt & Co. Securities, Inc., Research Division

Matthew D. Conlan - Wells Fargo Securities, LLC, Research Division

Andreas Stubsrud - Pareto Securities AS, Research Division

Richard Haydon - Yield/Capital Appreciation Management

Presentation

Operator

Greetings, and welcome to the Rowan Companies, Inc. First Quarter 2012 Earnings Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Suzanne Spera, Director of Investor Relations for Rowan Companies, Inc. Thank you. Suzanne, you may begin.

Suzanne M. McLeod

Thank you, Robin, and good morning. Welcome to Rowan's first quarter 2012 earnings conference call. I'd like to take a moment to remind you that Rowan will host an Analyst and Investor Day in New York on Wednesday, May 30. The event will feature executive and management discussions on Rowan's strategy for continuing to grow the company, operational strengths and challenges, offshore drilling marketing plans and opportunities, financial overview and flexibility for growth. Complete details on the event can be found at the homepage of Rowan's website under Upcoming Events. We look forward to seeing you there.

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