Earnings Call Excerpt
Watson Pharmaceuticals, Inc. (WPI)
Q1 2009 Earnings Call
April 30, 2009 08:30 am ET
Executives
Patty Eisenhaur - Executive Director IR
Paul Bisaro - President and CEO
Mark Durand - CFO
David Buchen - General Counsel
Analysts
Marc Goodman - UBS
Greg Gilbert - Banc of America
Adam Greene - RBC Capital Markets
David Buck - Buckingham Capital
Tim Chiang - FTN Equity Capital
Ken Cacciatore - Cowen and Company
Corey Davis - Natixis
Michael Tong - Wachovia Securities
Elliot Wilbur - Needham & Company
Scott Hirsch - Credit Suisse
Rich Silver - Barclays Capital
Ronny Gal - Bernstein
Caius Christoe - Morgan Stanley
Presentation
Operator
At this time, I would like to welcome everyone to the Watson first quarter 2009 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. (Operator Instructions).
I would now like to turn the call over to Ms. Eisenhaur, Executive Director of Investor Relations. You may begin.
Patty Eisenhaur
Thank you, Kerry, and good morning everyone. I would like to welcome you to Watson's first quarter 2009 earnings conference call. Earlier this morning, Watson issued a press release reporting its earnings for the first quarter 2009. The press release is available on our website at www.watson.com, and includes a reconciliation of our GAAP and adjusted financial results and forecasts. Additionally, we are conducting a live webcast of this call, which will also be available on our website after the call's conclusion.
With us on today's call are Paul Bisaro, President and CEO of Watson, and Mark Durand, our Chief Financial Officer. Also present and available during the Q&A portion of the call are Tom Russillo, President of our Generic Division; Ed Heimers, President of our Brand Division; Al Paonessa, Chief Operating Officer of our ANDA Distribution Division; and David Buchen, our General Counsel.
During the formal portion of today's call, Paul will share highlights of the first quarter, including highlights on the performance of our three business segments. Mark will then provide some additional details of our results for the quarter. Paul will conclude our presentation with our outlook for the remainder of 2009. We will then open up the call for questions and answers.
For those of you participating in the Q&A, we request that you limit yourself to two questions, so we can get everyone's questions addressed. If we have enough time at the end, we will open up the queue for follow-up questions.
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