Earnings Call Excerpt
OfficeMax Incorporated (OMX)
Q4 2008 Earnings Call
February 18, 2009 9:00 am ET
Executives
Sam K. Duncan - Chairman of the Board, President, Chief Executive Officer
Samuel M. Martin - Chief Operating Officer, Executive Vice President
Deborah O’Connor – Chief Accounting Officer
Bruce Besanko – Executive Vice President, Chief Financial Officer
Analysts
Oliver Wintermantel – Morgan Stanley
Mitchell Kaiser - Piper Jaffray
Brian Nagel – UBS
Matthew Fassler - Goldman Sachs
Michael Baker - Deutsche Bank Securities
Anthony Chukumba – FTN Midwest Securities
Christopher Horvers - J.P. Morgan
Presentation
Operator
At this time I would like to welcome everyone to the OfficeMax fourth quarter and full year 2008 earnings conference call. (Operator Instructions) Representing OfficeMax on the call today are Sam Duncan, Chairman and Chief Executive Officer; Sam Martin, Executive Vice President and Chief Operating Officer; Bruce Besanko, Executive Vice President and Chief Financial Officer and Deb O’Connor, Senior Vice President, Finance and Chief Accounting Officer.
Certain statements made on this call and other written or oral statements made by or on behalf of the company constitute forward-looking statements within the meaning of the Federal Securities laws including statements regarding the company’s future performance as well as management’s expectations, beliefs, intentions, plans, estimates or projections relating to the future. Management believes that these forward-looking statements are reasonable.
However, the company cannot guarantee that future events will not impact the company’s access to cash or the funds available under its revolving credit facility, that it will successfully execute its turnaround plans or that its actual results will be consistent with the forward-looking statements and you should not place undue reliance on them. These statements are based on current expectations and speak only as of the date they are made.
The company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of future events, new information or otherwise. Important factors regarding the company which may cause results to differ from expectations are included in the company’s annual report on Form 10K for the year ended December 29, 2007 under Item 1A ?Risk Factors? and in the company’s other filings with the SEC.
It is now my pleasure to turn the call over to Sam Duncan, Chairman and CEO of OfficeMax. Mr. Duncan you may begin your conference.
Sam Duncan
Thanks and good morning everyone. On today’s call I will review our 2008 overall performance and Sam Martin; our Chief Operating Officer will discuss our fourth quarter operating segment performance and current conditions. Deb O’Connor, our Chief Accounting Officer will then review our financial details.
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