RPC, Inc (RES) Q2 2012 Earnings Call July 25, 2012, 09:00 am ET Executives Jim Landers – VP, Corporate Finance Ben Palmer – VP, CFO and Treasurer Rick Hubbell – President and CEO Analysts Neal Dingmann – SunTrust Andrea Sharkey - Gabelli & Company John Daniel - Simmons & Company Doug Garber – Dahlman Rose Luke Lemoine - Capital One John Lawrence - Tudor, Pickering, Holt Michael Marino - Stevens Incorporated Ben Swomley - Morgan Stanley Jeffery Spittel - Global Hunter Securities PresentationOperator
Good day, ladies and gentlemen, and welcome to the RPC second quarter earnings conference call. As a reminder, today's conference is being recorded. Now, I'd like to turn the conference over to your host, Mr. Jim Landers. Please go ahead, sir. Jim Landers Thank, you, (Katherine), and good morning. Before we begin our call today, I wanted to remind you that in order to talk about our company, we're going to mention a few things that are not historical facts. Some of the statements that we made on this call could be forward looking in nature and reflect a number of known and unknown risks. I'd like to refer you to our press release issued today along with our 2011 10-K and other public filings that outline those risks, all of which can be found on RPC's website at www.rpc.net. I also need to tell you that in today's earnings release and conference call, we'll be referring to EBITDA which is a non-GAAP measure of operating performance. RPC uses EBITDA as a measure of operating performance because it allows us to compare performance consistently over various periods without regard to changes in our capital structure.