Smithfield Foods Inc. (SFD) Q4 2012 Earnings Call June 14, 2012 9:00 am ET Executives Larry Pope – President, Chief Executive Officer Bo Manly – Chief Financial Officer Keira Lombardo – Vice President, Investor Relations, Corporate Communications Analysts Farha Aslam – Stephens Inc. Christina McGlone – Deutsche Bank Ken Goldman – JP Morgan Ken Zaslow – Credit Suisse Heather Jones- BB&T Capital Markets Diane Geissler – Credit Agricole Christine McCracken – Cleveland Research Robert Moskow – Credit Suisse Ryan Oksenhendler – Bank of America Merrill Lynch Lindsay Drucker Mann – Goldman Sachs Akshay Jagdale – Keybanc PresentationOperator
Ladies and gentlemen, thank you for standing by. Welcome to the Smithfield Foods Fiscal 2012 Fourth Quarter Earnings call. At this time, all participants are in a listen-only mode. Later we will conduct a question and answer session. Instructions will be given at that time. [Operator instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to our host, Ms. Keira Lombardo. Please go ahead. Keira Lombardo Thank you. Good morning. Welcome to the conference call to discuss Smithfield Foods’ Fiscal 2012 Fourth Quarter and Full-Year Results. We would like to caution you that in today’s call there may be forward-looking statements within the meaning of federal securities laws. In light of the risks and uncertainties involves, we encourage you to read the forward-looking information section of the Company’s 10-K for fiscal year 2011. You can access the 10-K and our press release on our website at Smithfieldfoods.com. On our call today are Larry Pope, President and CEO, and Bo Manly, CFO. This is Keira Lombardo, Vice President of Investor Relations. Larry will begin our call this morning with a review of operations, followed by Bo who will review the Company’s financial results. Then Larry will provide our outlook for the future, after which the line will be opened for questions.