Operator: Ladies and gentlemen, good morning and welcome to the Worthington Industries First Quarter Earnings Results Conference Call. All participants will be able to listen only until the question-and-answer session of the call. This conference is being recorded at the request of Worthington Industries. If anyone objects, you may disconnect at this time.
I'd like to introduce Ms. Cathy Lyttle, Vice President of Corporate Communications and Investor Relations. Ms. Lyttle, please go ahead.
Cathy M. Lyttle - VP of Corporate Communications and IR: Good morning everyone. Welcome to our first quarter earnings conference call. As a reminder, certain statements made on this call are forward-looking statements within the meanings of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties and could cause actual results to differ from those suggested.
Please refer to the Company's first quarter earnings release that we issued yesterday for more detail on those factors that could cause actual results to differ materially. For anyone interested in listening to this call again, a replay will be made available on our website, worthingtonindustries.com.
On the call today are John McConnell, Chairman and Chief Executive Officer; George Stoe, President and Chief Operating Officer, Andy Rose, Vice President and Chief Financial Officer, Bob McMaster, Senior Financial Adviser; and Richard Welch, Controller.
Starting us off is John McConnell.
John P. McConnell - Chairman and CEO: Thank you, Cathy. We had a very good first quarter as we began managing through a significant shift in our corporate platform moving two of our companies to joint ventures and thus the equity income line. While this creates a transitional GAAP in revenue and an increased corporate burden for the remaining companies, those impacts are short-term anomalies. These moves will be very beneficial to our long-term performance. The revenue will be replaced and the corporate burden broadened again as we continued to grow.
Unfortunately, we opened 2012 living in interesting times. With no matter what we faced in fiscal 2012, we are confident in the strength of our organization and our people. We remain committed to staying focused on continuous improvement, driving best practices, and growing further to increase the underlying value of our shareholders' investment.
I will now turn the call over to Andy Rose and George Stoe to review our first quarter results.
B. Andrew 'Andy' Rose - VP and CFO: Thanks John, and good morning. The Company's performance in the first quarter of fiscal 2012 was good aided by volume increases in cylinders and steel from acquisitions. After stripping out impairment and restructuring charges of $4.9 million, earnings per share of $0.40 were up 33% compared to the prior year.
Results benefited from a one-time gain in cylinders of $4.2 million related to the Bernz litigation that was settled as part of the acquisition. Also negatively impacting Steel Processing results were inventory holding losses from the following steel prices. Management's estimate of those losses for the quarter was $0.06 per share. Inventory holding gains in the prior year quarter were about $0.03 per share and also included a portion attributable to the Metal Framing business.