Navistar International Corp NAV
Q2 2013 Earnings Call Transcript

Transcript Call Date 06/10/2013

Operator: Good day, and welcome everyone to the Navistar's Second Quarter 2013 Earnings Results Conference Call. Today's call is being recorded.

For opening remarks and introductions, I would like to turn the program over to the Vice President of Investor Relations, Heather Kos. Please go ahead.

Heather Kos - VP of IR and Financial Communications: Good afternoon, everyone, and thank you for joining us for Navistar's second quarter 2013 conference call. With me today are Troy Clarke, our President and Chief Executive Officer; Jack Allen, our Executive Vice President and Chief Operating Officer; and A.J. Cederoth, our Chief Financial Officer.

Before we begin, I'd like to cover a few items. A copy of the press release and the presentation slides that we will be using today have been posted on our Investor Relations website for your reference. The non-GAAP financial measures discussed in this call are reconciled to the U.S. GAAP equivalents as part of the appendix in the slide deck.

Finally today's presentation includes some forward-looking statements about our expectations for future performance. Actual results could differ materially from those suggested by our comments made here. For additional information concerning factors that could cause actual results to differ materially from those projected in today's presentation, please refer to our most recent reports on Form 10-K and 10-Q and our other SEC filings. We would also refer you to the Safe Harbor statement and other cautionary note disclaimers presented in today's material for more information on the subject.

With that, I'll turn the call over to Troy Clarke, for his opening remarks.

Troy Clarke - President and CEO: Thanks, Heather and good afternoon everyone, and thank you for joining our call. I recognize the call was later than we would like or normally do for this quarter. We had to take some time to work out an accounting issue that we wanted to make sure that we go right. A.J. will give you some more color on that in his comments. But for my part, I would like to apologize to all of you for any inconvenience we may have created in your schedules, and in addition to that we assure you that we'll work back to our regularly scheduled time when you might expect it at the end of our next quarter.

Our agenda today will follow the process we've established several quarters ago. I'm going to lead off with a high level overview of our second quarter performance and our progress on our strategic objectives. A.J. will provide a deeper dive on the financial results and Jack Allen, our new Chief Operating Officer will discuss the latest warranty and quality developments, as well as provide more specific direction regarding our second half sales and share initiatives. Then, I'm going to wrap up with some closing remarks on long-term EBITDA goals and that will lead into then Q&A.

Before I begin, however, I just want to reiterate how pleased I am to have Jack joining me on the call as our COO. Many of you know him from past earnings calls, and some of you have even met with him in person. As I worked with Jack, I found him to be a results-focused and industry savvy leader, a right leader to strengthen our North America core business. You are going to hear directly from him in a few minutes.

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