Lorillard (LO)

Q4 2011 Earnings Call

February 09, 2012 9:00 am ET

Executives

Robert Bannon - Director of Investor Relations

Murray S. Kessler - Chairman, Chief Executive Officer and President

David H. Taylor - Chief Financial Officer and Executive Vice President of Finance & Planning

Analysts

Vivien Azer - Citigroup Inc, Research Division

Christopher Growe - Stifel, Nicolaus & Co., Inc., Research Division

Nik Modi - UBS Investment Bank, Research Division

David J. Adelman - Morgan Stanley, Research Division

Andrew Kieley - Deutsche Bank AG, Research Division

Christopher Ferrara - BofA Merrill Lynch, Research Division

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Lorillard, Inc. Fourth Quarter and Full Year 2011 Earnings Conference Call. My name is Rachel, and I will be your operator for today's call. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes. At this time, I would like to


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