Greif Management Discusses Q1 2013 Results - Earnings Call Transcript

Greif (NYSE:GEF) Q1 2013 Earnings Call February 28, 2013 10:00 AM ET

Executives

Debra Strohmaier - Vice President of Corporate Communications
Robert M. McNutt - Chief Financial Officer and Senior Vice President
David B. Fischer - Chief Executive Officer, President, Director, Member of Executive Committee and Member of Stock Repurchase Committee

Analysts

Phil M. Gresh - JP Morgan Chase & Co, Research Division
Adam J. Josephson - KeyBanc Capital Markets Inc., Research Division
Christopher D. Manuel - Wells Fargo Securities, LLC, Research Division
Steven Chercover - D.A. Davidson & Co., Research Division
Ghansham Panjabi - Robert W. Baird & Co. Incorporated, Research Division

Operator

Greetings, and welcome to the Greif, Inc. First Quarter 2013 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Debra Strohmaier, Vice President, Corporate Communications, for Greif, Inc. Thank you, Ms. Strohmaier, you may begin.

Debra Strohmaier

Thank you, Claudia, and good morning. As a reminder, you may follow this presentation on the web at greif.com in the Investor Center under Conference Calls. If you don't already have the earnings release, it is also available on our website.

We are on Slide 2. The information provided during this morning's call contains forward-looking statements. Actual results or outcomes may differ materially from those that may be expressed or implied. Some factors that could cause the results or outcomes to differ are on Slide 2 of this presentation, in the company's 2012 Form 10-K and in other company SEC filings, as well as company earnings news releases.

This presentation uses certain non-GAAP financial measures, including those that exclude special items such as restructuring and other unusual charges and EBITDA. EBITDA is defined as net income plus interest expense, net, plus income tax expense less equity earnings of unconsolidated subsidiaries, net