Earnings Call Excerpt
Solutia Inc. (SOA)
Q3 2009 Earnings Call
October 27, 2009 10:00 am ET
Executives
Susannah Livingston - Director of IR
Jeff Quinn - Chairman, President and CEO
Jim Sullivan - EVP and CFO
Analysts
Laurence Alexander - Jefferies
Douglas Chudy - KeyBanc Capital
Bill Hoffmann - RBC
James Sheehan - Deutsche Bank
Tariq Ahmad - JPMorgan
Presentation
Operator
Good day, ladies and gentlemen, and welcome to the quarter three Solutia Inc earnings conference call. (Operator Instructions).
As a reminder, this conference is being recorded for replay purposes. I would now like to turn the conference over to your host for today, Ms. Susannah Livingston, Director of Investor Relations. Please proceed.
Susannah Livingston
Thank you, Sharla, and good morning to everyone. We are pleased that you have taken the time to join Solutia's third quarter conference call. Jeff Quinn, Solutia's Chairman, President, and Chief Executive Officer, and Jim Sullivan, Executive Vice President and Chief Financial Officer are with me this morning.
First, I'd like to remind you that we are webcasting this call, which you can access through our website solutia.com. Also, we will be using presentation materials today, which are posted on the website, along with the press release issued last night announcing third quarter results. In addition, Solutia's third quarter Form 10-Q will be filed within couple of days.
If you'd please turn to slide two. During this call, management may make certain forward-looking statements. These statements are based on management's current expectations and are subject to change. Our actual results may differ materially. Please read our commentary on forward-looking statements at the end of our press release or statements in our quarterly and annual SEC filings.
Our prepared remarks today include references to non-GAAP financials in our discussions of earnings. For reconciliation of our non-GAAP measure to GAAP figures, please see the schedule in our earnings release and contained in the slides today.
Also just to be clear, we define EBIDTA as earnings from continuing operations before interest, taxes, depreciation, amortization, non-controlling interest, and reorganization items. Adjusted EBITDA is EBITDA excluding certain gains and charges and stock-based compensation expense.
Now let me turn the call over to Jeff.
Jeff Quinn
Thank, Susannah and thanks to all of you for joining us this morning for our third quarter 2009 earnings conference call. I want to begin this morning by discussing some of the highlights from the quarter. Then I had plan to turn the call over to Jim Voss, our Executive Vice President of Global Operations who was going to talk about the state of our end markets, some of holder value, but unfortunately Jim came down with pretty bad case of the flu last nightour management initiatives and what we are doing beyond just cutting cost to create share and won't be able to join us this morning, so I'll talk about those topics as well.
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