Dresser-Rand CEO Discusses Q1 2012 Results - Earnings Call Transcript

Dresser-Rand Group Inc. (DRC)

Q1 2012 Earnings Call

May 4, 2012 9:00 a.m. ET


Blaise Derrico - Director, IR

Vincent Volpe - President and CEO

Mark Baldwin - EVP and CFO


James West - Barclays Capital

Jeff Spittel - Global Hunter

Robin Shoemaker - Citigroup

Rhett Carter - Tudor, Pickering

Jon Donnel - Howard Weil

Ole Slorer - Morgan Stanley



Good morning, ladies and gentlemen. And welcome to Dresser-Rand's First Quarter 2012 Earnings Conference Call. My name is Tyrone, and I will be your coordinator for today's call. (Operator Instructions)

As a reminder, this conference call is being recorded for replay purposes. After Dresser-Rand's comments today, I will instruct you on the procedures for asking your questions. I'll now turn the conference over to Blaise Derrico, Director of Investor Relations. Please proceed, sir.

Blaise Derrico

Tyrone, thank you. And good morning, everybody. We apologize for the delayed start. We had some technical difficulties with the slides. The slides are now available in two places. One, on the Investor Relations page as well as the homepage. You can find them on the homepage under Latest News and Events entitled Dresser-Rand's 1Q 2012 Earnings Call Slides.

So let's begin. This call is open to the public. It's being webcast simultaneously at www.dresser-rand.com and will be temporarily archived for replay. A copy of the news release we issued yesterday is available on our website, as are the slides we will use today during our presentation. We will let you know when to advance the slides as we deliver our prepared remarks.

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