Earnings Call Excerpt
SPX Corporation (SPW)
Q2 2009 Earnings Call
July 29, 2009 8:30 am ET
Executives
Jeremy Smeltser – VP of Finance
Chris Kearney – Chairman, President and CEO
Patrick O'Leary – EVP and CFO
Analysts
John Baliotti - FTN Equity Capital Markets
Jeff Sprague - Citigroup Investments
Dean Dray - SBR Capital Markets
Shannon O'Callaghan - Barclays Capital
Nigel Coe - Deutsche Bank Securities
Jeffrey Beach - Stifel Nicolaus & Company, Inc.
Presentation
Operator
Good day, everyone, and welcome to the SPX Corporation second quarter 2009 results conference call. This call is being recorded.
At this time I'd like to turn the call over to Vice President of Finance Jeremy Smeltser. Please go ahead, sir.
Jeremy Smeltser
Thanks, [Cecelia]. Good morning, everyone. Thank you for joining us.
With me on the call this morning are Chris Kearney, Chairman, President and CEO of SPX, and Patrick O'Leary, our Chief Financial Officer.
This morning's call is being webcast with a slide presentation which can be accessed on our website at www.spx.com in the Investor Relations section. This webcast will be available until August 12th. You may wish to follow along with the webcast as we reference the detailed information on the slides. Please note that this slide presentation also includes supplemental schedules which provide reconciliations for all non-GAAP financial measures referenced today. Our earnings press release was issued earlier this morning and can also be found on our website.
Before we continue I would like to point out that portions of our presentation and comments are forward-looking and subject to safe harbor provisions. The 2009 guidance and targets we discuss today are on a GAAP basis from continuing operations, and also please note the risk factors in our most recent SEC filings.
At this time I'd also like to announce that during the second quarter we rotated a few of our key finance leaders into new positions. As part of this change I have been reassigned as the Chief Financial Officer of our Flow Technology segment. As such, I will not be participating on our quarterly earnings calls going forward. Ryan Taylor, who most of you know and who has done a wonderful job managing IR for SPX over the past three and a half years, has been promoted to Director of Investor Relations and will take my place on earnings calls going forward. Scott Sproule has taken over my role on the finance operations side as VP of Finance. Scott has most recently been the Chief Financial Officer in our Test and Measurement segment.
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