Operator: Good day, ladies and gentlemen, welcome to the Fourth Quarter 2011 W.R. Grace & Company Earnings Conference Call. My name is Diana, and I will be operator for today. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. As a reminder, today's call is being recorded for replay purposes.
I'd now like to turn the conference over to your host for today's call Mr. Mark Sutherland, Vice President, Investor Relations. Please proceed.
Mark Sutherland - VP, IR: Thank you, Diana. Hello everyone, and thank you for joining us today, February 1, 2012 for a discussion of Grace's fourth quarter results released this morning. Joining me on today's call are Fred Festa, Grace's Chairman, President and Chief Executive Officer; and Hudson La Force, our Senior Vice President and Chief Financial Officer.
Our earnings release and the corresponding presentation are available on our website. To download copies, go to grace.com and click on the Investor Information. Links are available on the upper right corner of the page.
As you know, some of our comments today will be forward-looking and are made under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected or implied due to a variety of factors. Please see our recent SEC filings for more details on the risks that could impact Grace's future operating results and financial condition.
We will also discuss certain non-GAAP financial measures, which are described in more detail in this morning's release and on our website. Reconciliations to the most directly comparable GAAP financial measures and other associated disclosures are contained in our earnings release and on our website. Our comments on forward-looking statements and non-GAAP financial measures apply both to the prepared remarks and to the question and answer.
We want to remind everyone that this webcast contains time sensitive information that is accurate only as of today. Any redistribution, retransmission or reproduction of this call without Company consent is prohibited.
With that, I'll now turn the call over to Fred.
Fred E. Festa - Chairman, President and CEO: Thanks Mark. Hello everyone, and thank you for joining us this morning. Before we discuss our results for the quarter and our outlook for 2012 and 2014, I'd like to bring you all up-to-date on our most recent developments pertaining to our Chapter 11 emergence. First, as announced Tuesday morning, the U.S. District Court denied all objections and confirmed Grace's plan of reorganization in its entirety. The Court's ruling is quite extensive, more than a 180 pages. The ruling appears quite robust, though our claim is still in the early stages of review. We are gratified that two federal courts have now ruled that our joint plan is fair to all parties. Parties have 30 days in which to file appeals of yesterday's District Court ruling.
Second, last night we announced an agreement in principle with the claimants in Libby, Montana, and certain other parties to settle all Libby related objections to our plan of reorganization. We are excited about this agreement because it eliminates further appeals from these parties. This agreement in principle is subject to the execution of definitive agreements and approval of the bankruptcy court.