Illinois Tool Works (ITW) Q2 2012 Earnings Call July 24, 2012 10:00 am ET Executives John L. Brooklier - Vice President of Investor Relations David B. Speer - Chairman and Chief Executive Officer Ronald D. Kropp - Chief Financial officer and Senior Vice President Analysts Stephen E. Volkmann - Jefferies & Company, Inc., Research Division Ann P. Duignan - JP Morgan Chase & Co, Research Division Robert Wertheimer - Vertical Research Partners Inc. Jamie L. Cook - Crédit Suisse AG, Research Division Andy Kaplowitz - Barclays Capital, Research Division Deane M. Dray - Citigroup Inc, Research Division Walter S. Liptak - Barrington Research Associates, Inc., Research Division Henry Kirn - UBS Investment Bank, Research Division Robert F. McCarthy - Robert W. Baird & Co. Incorporated, Research Division Nigel Coe - Morgan Stanley, Research Division Eli S. Lustgarten - Longbow Research LLC PresentationOperator
Good morning, and thank you for standing by. [Operator Instructions] This conference is being recorded. If you have any objections, you may disconnect at this time. I would now like to turn the call over to John Brooklier. You may begin. John L. Brooklier Thank you, Kathy. Good morning, everyone, and welcome to ITW's second quarter 2012 conference call. As is our normal practice, our CEO, David Speer; and CFO, Ron Kropp, have joined me to discuss our Q2 financial results, as well as update us on our longer-term strategic initiatives. Here's a quick agenda for today's call. David will shortly provide a brief update on our ongoing long-term initiatives, as well as second quarter highlights and commentary on our second half forecast. Ron will cover our Q2 financial results in more detail. I will then talk about our Q2 geographic performance and segment results. I will then come back and provide a detailed update on our Q3 and full year forecast. Finally, we will open the call to your questions. [Operator Instructions] As normal, we have scheduled 1 hour for today's call.