Kimberly-Clark (KMB) Q2 2012 Earnings Call July 26, 2012 10:00 am ET Executives Paul J. Alexander - Vice President of Investor Relations Mark A. Buthman - Chief Financial Officer and Senior Vice President Thomas J. Falk - Executive Chairman, Chief Executive Officer, President and Member of Executive Committee Analysts Gail S. Glazerman - UBS Investment Bank, Research Division Christopher Ferrara - BofA Merrill Lynch, Research Division Jason Gere - RBC Capital Markets, LLC, Research Division Linda Bolton-Weiser - Caris & Company, Inc., Research Division Ali Dibadj - Sanford C. Bernstein & Co., LLC., Research Division Caroline S. Levy - Credit Agricole Securities (USA) Inc., Research Division Javier Escalante - Consumer Edge Research, LLC Constance Marie Maneaty - BMO Capital Markets U.S. John P. San Marco - Janney Montgomery Scott LLC, Research Division Chip A. Dillon - Vertical Research Partners Inc. Lauren R. Lieberman - Barclays Capital, Research Division William Schmitz - Deutsche Bank AG, Research Division PresentationOperator [Operator Instructions] It is now my pleasure to introduce today's first presenter, Mr. Paul Alexander. Paul J. Alexander
Thank you, David, and good morning, everyone. Welcome to Kimberly-Clark Second Quarter Earnings Conference Call. With us today are Tom Falk, Chairman and CEO; Mark Buthman, Senior VP and CFO; and Mike Azbell, Vice President and Controller. Here's the agenda for our call: Mark will begin with a review of second quarter results; Tom will then provide his perspectives on results through the first half of the year and also our full-year outlook; we'll finish with Q&A. As usual, we have a presentation of today's materials in the Investor Section of our website. Before we begin, let me remind you that we will be making forward-looking statements today. Please see the Risk Factors section of our latest Annual Report on Form 10-K for further discussion of forward-looking statements. We'll also be referring to adjusted results and outlook this morning, both of which exclude certain items described in this morning's news release. For further information on these adjustments and reconciliations to comparable financial measures determined in accordance with GAAP , please see this morning's news release.