Sealed Air Corp SEE
Q3 2012 Earnings Call Transcript

Transcript Call Date 11/02/2012

Operator: Good morning, everyone, and welcome to the Sealed Air Conference Call discussing the Company's Third Quarter 2012 Results. This call is being recorded.

Leading the call today, we have William V. Hickey, Chairman and Chief Executive Officer; Jerome A Peribere, President and COO; Carol P Lowe, Senior Vice President and Chief Financial Officer.

After management's prepared comments, they will be taking questions. We ask you that you limit yourself to one question and a brief related follow-up question per caller, so that others will have a chance to participate.

Now, at this time, I'd like to turn the call over to Amanda Butler, Executive Director of Investor Relations. Please go ahead, Ms. Butler.

Amanda Butler - Executive Director of IR: Thank you, and good morning, everyone. Before we begin our call today, I'd like to note that we've provided a slide presentation to help guide our discussion. This presentation can be found on today's webcast as well it can also be downloaded from our IR website at

I would like to remind you that statements made during this call stating management's outlook or predictions for the future are forward-looking statements. These statements are made solely on information that is now available to us and we encourage you to review the information in the section entitled forward-looking statements in our earnings release, which applies to this call.

Additionally, our future performance may be different due to a number of factors, and many of these factors are listed in our most recent Annual Report on Form 10-K, which you can find also on our website at We'll also discuss financial measures that do not conform to U.S. GAAP. You may find important information on our use of these measures and their reconciliation to U.S. GAAP in the financial tables that we have included in our earnings release.

Lastly, we have used pro forma for certain metrics in the quarter to aid in the comparison of our performance to historical combined metrics of Sealed Air and Diversey. These pro forma results are available as supplement on our website.

Now, I'll the call over to Bill Hickey. Bill?

William V. Hickey - President and CEO: Thank you, Amanda, and good morning, to everyone. Before we begin our discussions on the quarter, I would like to really thank everyone for their flexibility in participating in our call today, which as you know is outside of our normally scheduled date and time. In the wake of Hurricane Sandy and the aftermath that has disrupted a lot of people around the New York Metro area, we felt it was prudent to delay the release and earnings call for everyone's safety.

Additionally, it is with great pleasure that I welcome and introduce Jerome Peribere as Sealed Air's new President and Chief Operating Officer. As we previously announced, Jerome will succeed me as Sealed Air's Chief Executive Officer in March of next year. Jerome brings to us a wealth of international experience gained from 35 years at The Dow Chemical Company. He has significant global experience, which is particularly important to Sealed Air today, where we have 60% plus of our business outside the United States.

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