Xylem (XYL) Q2 2012 Earnings Call August 02, 2012 9:00 am ET Executives Phil De Sousa Gretchen W. McClain - Chief Executive Officer, President and Director Michael T. Speetzen - Chief Financial Officer and Senior Vice President Analysts Ryan M. Connors - Janney Montgomery Scott LLC, Research Division Deane M. Dray - Citigroup Inc, Research Division Matt J. Summerville - KeyBanc Capital Markets Inc., Research Division David L. Rose - Wedbush Securities Inc., Research Division Chip Moore - Canaccord Genuity, Research Division Terry Darling - Goldman Sachs Group Inc., Research Division Kevin R. Maczka - BB&T Capital Markets, Research Division Michael G. Roomberg - Ladenburg Thalmann & Co. Inc., Research Division James Krapfel - Morningstar Inc., Research Division Stewart Scharf - S&P Equity Research PresentationOperator
Welcome to the Xylem Second Quarter 2012 Earnings Conference Call. Hosting the call today from Xylem's headquarters in White Plains, New York, is Gretchen McClain, Xylem's President and Chief Executive Officer. She is joined by Michael Speetzen, Xylem's Senior Vice President and Chief Financial Officer. Today's call is being recorded and will be available for replay beginning at 12:00 p.m. Eastern Standard Time. [Operator Instructions] It is now my pleasure to turn the floor over to Phil De Sousa, Investor Relations Officer. You may begin. Phil De Sousa Thank you, Brandi. Good morning, everyone, and welcome to Xylem's Second Quarter 2012 Earnings Conference Call. With me today are Chief Executive Officer, Gretchen McClain; and our Chief Financial Officer, Michael Speetzen. They will provide their perspective on Xylem's second quarter results and full year 2012 outlook and, of course, we will allow for time to address your questions at the end. This call and our webcast are accompanied by a slide presentation available in the Investor section of our website at www.xyleminc.com. A replay of today's call will be available until August 9 at 6:00 p.m. The replay number is (404) 537-3406 and the confirmation code is 93016589. Additionally, the call will be available for playback via the Investor section of our website, under the heading Presentations. Please note that all references today will be on an adjusted basis, unless otherwise indicated. Non-GAAP financials are reconciled for you in the appendix section of the presentation.