Steelcase Inc SCS
Q2 2013 Earnings Call Transcript

Transcript Call Date 09/20/2012

Operator: Good day everyone, and welcome to Steelcase's Second Quarter Fiscal 2013 Conference Call. As a reminder today's call is being recorded.

For opening remarks and introductions, I will like to turn the conference call over to Raj, Mr. Raj Mehan, Director of Investor Relations. Please begin.

Raj Mehan - Director IR: Thank you, Tom. Good morning everyone. Thanks for joining us for the recap of our second quarter financial results. Here with me today are Jim Hackett, our President and Chief Executive Officer; Dave Sylvester, our Chief Financial Officer; Mark Mossing, Corporate Controller and Chief Accounting Officer; and Terry Lenhardt, Vice President, Finance for the Americas and EMEA segments.

Our second quarter earnings release, which crossed the wires yesterday, is accessible on our website. This conference call is being webcast, and presentation slides that accompany this webcast are available on and a replay of this call will also be posted to the site later today.

In addition to our prepared remarks, we'll respond to questions from investors and analysts. Our discussion today will also include references to non-GAAP financial measures. These measures are presented because management uses this information to monitor and evaluate financial results and trends. Therefore, management believes this information is also useful for investors. Reconciliations to the most comparable GAAP measures are included in the earnings release and webcast slides. At this time, we are incorporating by reference into this conference call and subsequent transcript the text of our Safe Harbor statement included in yesterday's release.

Certain statements made within the release and during this conference call constitute forward-looking statements. There are risks associated with the use of this information for investment decision making purposes. For more details on these risks, please refer to yesterday's release and Form 8-K, the Company's 10-K for the year ended February 24, 2012 and our other filings with the SEC. This webcast is a copyrighted production of Steelcase Inc.

Just a quick reminder that we're hosting an Analyst Day here at our headquarters on October 2nd and it's never too late to sign up. It will be a full day which brings our strategy to light, with discussions with many business leaders and you'll get to see some new products as well. So if you're interested, please reach out to me after the call.

Now, with those formalities out of the way, I'll turn the call over to our President and CEO, Jim Hackett.

James P. Hackett - President and CEO: Thank you, Raj and good morning to everyone. This has been a strong quarter for Steelcase and as I’ve shared on some previous calls, we’re at a point in our business where the customers we serve have a significant bias toward three things. First, they are making important investments in their facilities, recall that I've mentioned that many companies we serve expanded into Asia in the last decade and now they're addressing the legacy offices in other parts of the world. Second, buying the principles where our research has been focused for over a decade. In other words, there were more questions than applause about whether the market would place value on insights that we had, but that direction is now being validated.

Read our Earnings Call Transcript disclaimer.
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