Operator: Greetings and welcome to the Gardner Denver Second Quarter 2012 Financial Results Conference. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Michael Larsen, Interim CEO and CFO. Thank you. Mr. Larsen, you may begin.
Michael M. Larsen - Interim CEO, VP and CFO: Thank you, Rob and good morning everyone. Thank you for joining us. We issued our second quarter financial results last evening and a copy of the release is available on our website at gardnerdenver.com.
I'm joined this morning by Vik Kini, Gardner Denver Vice President, Head of Investor Relations and Financial Planning and Analysis. Before we get into the details of our second quarter results, I'm going to ask Vik to cover some information regarding forward-looking statements. Vik?
Vikram Kini - IR: Thank you, Michael and good morning, everyone. As a reminder, any statements made by Gardner Denver during the call other than historical facts are forward-looking statements made in reliance upon the Safe Harbor of the Private Securities Litigation Reform Act of 1995.
As a general matter, forward-looking statements are those focused upon anticipated events or trends and assumptions, expectations, and beliefs relating to matters that are not historical in nature. Such forward-looking statements are subject to uncertainties and factors relating to Gardner Denver's operations and business environment, all of which are difficult to predict and many of which are beyond the control of the Company.
These uncertainties and factors could cause actual results to differ materially from those matters expressed in or implied by such forward-looking statements. Please refer to Gardner Denver's second quarter 2012 earnings press release issued on July 19, 2012 for further information regarding potential uncertainties and factors that could cause actual results to differ from anticipated results.
Gardner Denver does not undertake or plan to update these forward-looking statements even though the Company's situation may change. Therefore, you should not rely on these forward-looking statements as representing the Company's or its management's view as of any date subsequent to today.
As a reminder, this call is being broadcast in listen-only mode through a live webcast. This free webcast will be available for replay up to 90 days following the call through the Investor Relations page on the Gardner Denver website at gardnerdenver.com, or the Thomson StreetEvents site at earnings.com.
Now I'd like to turn the meeting over to Barry.
Michael M. Larsen - Interim CEO, VP and CFO: Thanks, Vick. Last night we announced second quarter results that exceeded our expectations in terms of diluted earnings per share. In a more challenging macro environment, the Gardner Denver team delivered margin expansion and a 19% increase in diluted earnings per share exceeding the second quarter guidance communicated on April 18, 2012.
Revenues in the second quarter of $613 million were essentially flat versus the same period last year as the Robuschi acquisition added 4% and currency was 4% headwind. Operating income for the second quarter was $108 million compared to $99.2 million, an increase of 9% versus the prior year reflecting the positive impact of our recent Robuschi acquisition and the impact of our operations excellence initiatives.