Lexmark International Inc LXK
Q1 2012 Earnings Call Transcript

Transcript Call Date 04/24/2012

Operator: Thank you for standing by and welcome to the Lexmark International First Quarter 2012 Earnings Conference Call. During the Company's opening remarks, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. As a reminder, this conference call is being recorded on Tuesday, April 24, 2012.

I would now like to turn the call over to John Morgan, Lexmark's Director of Investor Relations. Please go ahead, John.

John Morgan - Director, IR: Good morning, and thank you for joining us. Chairman and CEO, Paul Rooke; and EVP and CFO, John Gamble, are with me this morning. After their prepared remarks, we'll open the call for your questions as time permits. We ask that you please limit yourself to one question and one follow-up, if needed, so that we can get to everyone.

Please note that Paul and John will be referring to specific earnings presentation slides by page number. These slides were posted to our Investor Relations website located at earlier this morning.

Paul and John will be referring to non-GAAP measures during their presentation unless otherwise noted. Pursuant to the requirements of Regulation G, the company has provided reconciliations of GAAP to non-GAAP measures and a discussion of management's use of non-GAAP measures in the supplemental materials section of the earnings presentation slide.

Regarding our upcoming dividend schedule, Lexmark anticipates that the record date of its second quarter 2012 dividend will be June 1, with an anticipated payment date of June 15. Please note that future quarterly dividend payments are subject to Board approval. We have also included our anticipated dividend schedule for 2012 and 2013 in the supplemental section of the earnings presentation.

Also Lexmark will be participating at three investor conferences in the second quarter including, JPMorgan Global Technology, Media and Telecom Conference, Barclays Capital Global Technology, Media and Telecommunications Conference, and Sanford C. Bernstein & Company's Strategic Decisions Conference. More details can be found on our investor relations website.

Following the conclusion of this conference call, a complete replay will be made available on our IR website.

As a reminder, any of today's remarks that are not statements of historical fact are forward-looking statements and involve certain risks and uncertainties that are disclosed in the safe harbor section of our earnings releases and SEC filings. Actual results may differ materially from such statements, and Lexmark undertakes no obligation to update any forward-looking statements.

With that, I'll turn it over to Paul.

Paul Rooke - President and CEO: Thank you, John, and good morning everyone. As John said we'll be using a presentation slide deck. We'll refer to the slide numbers as we go to keep everyone on the same page. So, let's begin.

Starting with Slide 4, our first quarter financial results reflected revenue and earnings per share performance in line with our guidance range, along with a strong gross profit margin performance, a first quarter record and free cash flow of $44 million, roughly consistent with last year.

Read our Earnings Call Transcript disclaimer.
Add a Comment
E-mail me new replies.