Greif's CEO Discusses F3Q12 Results - Earnings Call Transcript

Greif, Inc. (GEF)

F3Q12 Earnings Call

August 30, 2012 10:00 am ET

Executives

Debra Strohmaier - VP, Corporate Communications

Rob McNutt - SVP & CFO

David Fischer - President & CEO

Analysts

George Staphos - Bank of America-Merrill Lynch

Phil Gresh - JPMorgan

Chris Manuel - Wells Fargo

Adam Josephson - KeyBanc

Matt Wooten - Robert W. Baird

Steve Chercover - D. A. Davidson

Walt Liptak - Barrington Research

Presentation

Operator

Greetings and welcome to the Greif Inc. third quarter 2012 earnings conference call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded.

It is now pleasure to introduce your host, Debra Strohmaier, Vice President of Corporate Communications for Greif. Thank you. You may begin.

Debra Strohmaier

Thank you, Christine. Good morning. As a reminder, you may follow this presentation on the web at Greif.com and the investor center under conference calls. If you don’t already have the earnings release, it is also available on our website. We’re on slide two.

The information provided during this morning’s call contains forward-looking statements. Actual results or outcomes may differ materially from those that may be expressed or implied. Some factors that could cause the results or outcomes to differ are on slide 2 of this presentation in the company's 2011 Form 10-K and in other company SEC filings as well as company earnings news releases.

This presentation uses certain non-GAAP financial measures, including those that exclude special items, such as restructuring charges and acquisition-related costs and EBITDA before and after special items. EBITDA is defined as net income, plus interest expense net, plus income tax expense, plus equity earnings of unconsolidated subsidiaries, net of tax plus depreciation, depreciation and amortization expense.

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