Carton Closing Company

Graphic Packaging Holding's CEO Discusses Q2 2011 Results - Earnings Call ...

Executives

Brad Ankerholz - Investor Relations

Daniel Blount - Chief Financial Officer and Senior Vice President

David Scheible - Chief Executive Officer, President and Director

Analysts

Ghansham Panjabi - Robert W. Baird & Co. Incorporated

Alex Ovshey - Goldman Sachs Group Inc.

Philip Ng - Jefferies & Company, Inc.

Joseph Stivaletti - Goldman Sachs Group Inc.

Ian Zaffino - Oppenheimer & Co. Inc.

Graphic Packaging Holding ( GPK ) Q2 2011 Earnings Call July 28, 2011 10:00 AM ET

Operator

Good morning. My name is Chastity, and I will be your conference operator. At this time, I would like to welcome everyone to the Graphic Packaging Second Quarter 2011 Earnings Conference Call. [Operator Instructions] As a reminder, ladies and gentlemen, this conference is being recorded today, Thursday, July 28, 2011. Thank you. I would now like to introduce Brad Ankerholz, Vice President and Treasurer. Mr. Ankerholz, you may begin your conference.

Brad Ankerholz

Thank you, Chastity, and good morning to everybody. And thanks dialing into our Second Quarter Graphic Packaging Holding Company Conference Call. Commenting on results this morning are David Scheible, the company's President and CEO; and Dan Blount, our Senior Vice President and CFO.

To help you follow along with the today's call, we have provided a slide presentation which can be accessed by clicking on the Q2 Earnings Webcast link on our Investor Relations section of our website, which is graphicpkg.com.

I would like to remind everyone that statements of our expectations in this call constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements, including but not limited to, statements relating to recovery of raw material, inflation costs, consumer demand and pricing trends, capital expenditures, cash pension contributions and pension expense, depreciation and amortization, interest expense, debt and leverage reduction, performance improvements, cost reduction initiatives, including those related to Sierra Pacific acquisition and the closure of facilities, are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from the company’s present expectations. These risks and uncertainties include, but are not limited to, the company’s substantial amount of debt, inflation of and volatility in raw materials and energy costs, cutbacks in consumer spending that could affect demand for the company's products, continuing pressure for low cost products and the company's ability to implement its business strategies, including productivity initiatives and cost reduction plans. Undue reliance should not be placed on such forward-looking statements, as such statements speak only as of the date on which they are made and the company undertakes no obligation to update such statements. Additional information regarding these and other risks is contained in the company’s periodic filings with the SEC.

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