Tesco Management Discusses Q2 2012 Results - Earnings Call Transcript

Tesco (TESO)

Q2 2012 Earnings Call

August 06, 2012 11:00 am ET

Executives

Julio Manuel Quintana - Chief Executive Officer, President and Executive Director

Robert L. Kayl - Chief Financial Officer, Principal Accounting Officer and Senior Vice President

Analysts

Joseph D. Gibney - Capital One Southcoast, Inc., Research Division

Jeffrey Spittel - Global Hunter Securities, LLC, Research Division

Robert MacKenzie - FBR Capital Markets & Co., Research Division

Daniel J. Burke - Johnson Rice & Company, L.L.C., Research Division

Josh C. Lingsch - Simmons & Company International, Research Division

John R. Keller - Stephens Inc., Research Division

Gregory M. Macosko - Lord, Abbett & Co. LLC

Douglas Garber - Dahlman Rose & Company, LLC, Research Division

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Tesco Corporation Second Quarter 2012 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I would like to introduce your host for today's conference, Mr. Julio Quintana, President and CEO. Mr. Quintana, you may begin your conference.

Julio Manuel Quintana

Thank you, Michelle. Good morning, ladies and gentlemen, and welcome to TESCO's Second Quarter 2012 Earnings Conference Call. I'm Julio Quintana, TESCO's President and CEO, and I'll be hosting the call. Bob Kayl, our Chief Financial Officer, is with me on the call. I'll begin with some general comments on the quarter, then Bob will give you an overview of our financial results. Following Bob's remarks, I'll return and provide an update on our business and plans for the future.

Before I begin, it is important to note that during the course of this call, Bob and I will make forward-looking statements within the meaning of the Private Securities Litigation Act of 1995 and Canadian securities legislation. These statements are based on current expectations that involve risks and uncertainties, which could cause actual results to vary from those anticipated. These risks and uncertainties have been and are more fully described in our annual reports and quarterly reports filed with the SEC and with Securities regulatory authorities in Canada. You should not place any undue reliance on these forward-looking statements made in the conference call, nor do we intend to update these forward-looking statements.

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