Good day, everyone. Welcome to the Hubbell Incorporated first quarter results conference call. Today’s call is being recorded. Now, for opening remarks and introductions, I would like to turn the call over to Mr. Bill Sperry. Please go ahead, sir.

Thank you and good morning, everyone. Thanks for joining Hubbell’s first quarter 2010 earnings call. Here with me today are Tim Powers, our Chairman, President and Chief Executive Officer; Dave Nord, our Chief Financial Officer; and Jim Farrell, our Director of Investor Relations. Hubbell announced its first quarter earnings this morning and hopefully you’ve found the press release off of the wires or on our website. You can also find presentation materials on our website that Tim and Dave will be referring to on our call today. Let me refer everyone to the paragraph in our press release and in the materials regarding forward-looking statements. The press release and materials may contain expectations based on assumptions and Hubbell’s performance in the future, particularly regarding our earnings. We also may make some comments here today on this call or answer questions, which may include forward-looking statements. All of these involve inherent assumptions with known and unknown risks, and other factors that can cause our actual or future results to differ, perhaps materially from what we may discuss or project today. So please note that paragraph in our release and I’d like to consider it incorporated by reference into the call this morning. In addition, we may make reference to non-GAAP financial measures. Those measures are reconciled to comparable GAAP measures in the Appendix of the presentation materials. With that, I will turn it over to Tim.

Thanks, Bill. Welcome everybody and thank you for joining us this morning. As this our usual practice with these call, I’m going to provide you with some of our review commentary on the results we announced this morning and then Dave will walk you through a more detailed discussion of our financial performance. I will conclude with my perspective on the outlook for the reminder of 2010 and some closing remarks. Then we will open it up and take some questions from you. We will refer this morning to presentations material you have hopefully found on our website, I’m starting on page three. Our first quarter results are reflective of some of the cross currents we are feeling in our end markets, where we are facing volume pressures from weak trends continuing in non-residential construction. Utilities are continuing to fall their cautious pathway began in the second half of last year that are showing signs of improvement on a sequential basis. We are beginning to see indications of growth in residential construction sector. Our industrial markets have demonstrated some rebound due to growth in output capacity utilization and spending on capital equipment. Energy efficient buildings have driven growth in a couple of key areas including building automation and retrofit re-like market, where for example we have seen orders increase over 30% from last year. In this tight market our focus continues to be in managing price, cost and productivity. Despite a slight decline in sales for the quarter, we were able to increase operating margins by a 170 basis points primarily through productivity gains. It is also worth noting that we had a book-to-bill ratio above one as we built over $30 million of backlog and playing the market is a bit stronger than our quarterly sales results would indicate. The markets are consistent with our expectations and our financial performance for the quarter was inline with our internal plans. The quarter began slowly and picked up noticeably in March. I believe we have seen the bottoming in sales, where we ran our backlog down at the end of the year and built it up during the first quarter. Beyond the financials, we also continue to focus on serving our customers and providing them with the best new products. So I am please to highlight that EC&M Magazine named our Prescolite brand retrofitting in LED downlight as the 2010 LED product of the year. The recognition for our design and engineering capabilities demonstrates the importance of continuing to invest in future growth. With that, let me turn it over to Dave Nord, he’ll discuss the financials in more detail.

Thanks Tim. Good morning everybody. I’m going to start on page four our company materials and walk you through some of the details in the quarter. Let’s start first on the sales side, as Tim mentioned, reporting sales of $570.5 million, which is down 3% from the first quarter of last year, two big divers in there were continuing market weakness specifically in the non-residential market where by example our C&I lighting business, show their volumes down 17%, but on the positive side, we had the impact of Burndy’s results, which contributed 7% to year-over-year growth. Some of the other elements in the sales comparisons so we had foreign currency translation benefit of about two points, which offsets two points combined price and lower storm volume, so those are net to zero the two big drivers again being the C&I lighting business and Burndy. As Tim mentioned, $570 million we see as the bottom, as we look out little bit lower than the fourth quarter of last year, we saw the weakness in the fourth quarter, and I think importantly as we saw the profile of the first quarter overall very much as expected the calendarization turned out to be a bit different with some weakness early in the quarter coming off the fourth quarter, even probably some weakness in February as a result of lot of a bad winter weather that actually had more impact on transportation of product when necessarily the storm activity that we would see in the utility business. Turning to the gross margin side, despite the lower sales volume with gross margin finished at 30.8% up 230 basis points from the first quarter of last year, two big drivers to that is the productivity improvements including you recall at the first quarter of last year…

Thanks, Dave. Let’s turn to page 13 and our outlook for the remainder of the 2010. Non-residential construction is our biggest market and some indicators have weakened since the beginning of the year. Based on our order flow, our expectation is for a decline in the 20% range that is consistent of what we thought in our last quarterly call. Our outlook for residential construction calls for modest growth, where multifamily construction should hurt the renovation as expected to help. The signs from our industrial market are very encouraging where we expect growth in those markets. Our power segment is expected to show some growth, we see utilities remaining cautious with regard to spending until decision makers see more evidence of a sustained pickup for demand in electricity. Under distribution side, the growth of residential construction should be joined by the return of maintenance spending on the network necessary to achieve required reliability. Transmission projects well needed are likely to be pushed out on the timeline, as utilities further assess the economic conditions and the current and future demand levels for electricity. We expect to find second half comparables to be more favorable than the first half. The net impact of this outlook is a fairly flat expectation for volume in Hubbell’s end markets including the incremental contribution from Burndy. Let’s turn to page 14 for some concluding comments before we take some of your questions. A flat outlook on our end market implies we will be focused on new product introductions and acquisitions to generate volume. If we use the last decade as our guide, an average year’s worth of acquisition where that five points of potential growth and being recognized for having the best LED product of the year is a good indicator of our focus on new products. Managing price, cost and productivity will also be key. The price cost equation will create some headwinds over the next couple of quarters as we expect in cost increases may be difficult to cover with price. So productivity will continue to be the focal point. Last year’s productive actions have created 100 basis points of tailwind for us and we have many new initiatives for 2010, including more facility consolidations, product redesign and further improvement of our lean processes. Our productivity programs have made good progress in the first quarter and are on track for our full-year goals. So we expect at the mix of brands, people and processes will continue to deliver value to our customers, while our conservative balance sheet will support investments in our future growth as our end markets rebound allowing Hubbell to continue to lead the way. So thank you for your attention and now we’ll be happy to take your questions.

(Operator Instructions) Your first question comes from Bob Cornell - Barclays Capital.

I guess first of all, our accessory call recently. I mean what sort of visibility do you have? You talked about non-residential at down 20%, I mean what sort of visibility you have looking out and how far can you look out in that space?

As we've said before our backlog is about a month and we look at order rates and quotations and probably we have, I would say two to three months of visibility ahead. So maybe through the second quarter and what we’re saying certainly is consistent what we said before. We don't have any different outlook on volume for the entire year than we had at the beginning of the year. So from our point of view of the markets have not change significantly, I think we’re seeing slightly less decline in non-residential, slightly less utility and more on the industrial and other businesses. So its adds up to about the same number.

Tim, numbers and commerce make things difficult and in terms of dollars of business, I mean when you project that the dollars of business turning up or down ex-seasonality?

They are trending along the line of down 20%. We should see some sequential improvement from the first quarter as the normal construction cycle, but that gap of 20% should be pretty much maintained I would say. I'm not suggesting the non-residential and particularly commercial construction will be better than both forecast -- domestic about the rest of our markets.

Could you go more inside, how Burndy actually did? What the revenues, where the profitability in each of the earnings accretion dilution?

Revenues were exactly inline with our expectation. Their earnings were a little bit below, which had more to do with the transition to a new company and the start up cost of establishing your own services that we’re provided by a parent, but from an operations point of view they were inlaying with expectations. Bob Cornell – Barclays Capital.: Yes, I guess finally you know when you look at Power margins looking forward who would you except those margin be for the year there 59 in the quarter would you expect be I had the comments about you know price cost, I mean end of the day what you look at is good number for the year.

Well, first let me start and talk about price per movement. Certainly all any of us can fall those trends were receive the metals rising whether its steal, copper, aluminum, zinc and zone and also oil, so our company is in the process of the increasing price across the board of the industrial price increases throughout the lighting business will increases price June, plus 46% and the rest will follow sometime during Q2. So, at the typical year, last year was one were commodity cost fell prices soften that the end of the year this is the reverse of that and we’ve been through that before, so that’s we’ll seeing in broad assumption and the cost you know are started up in Q1 and we expect them to continue into Q2 but we expect that between productivity and price we will you know the offset the cost increase. Bob Cornell – Barclays Capital.: Well, the Power margin is peaked in the third quarter last year 22 we can down the fourth quarter can down again the first quarter, I mean I’m going to see those margins sequentially declined because the price cost timing difference, I mean where we are drop the…?

I wouldn’t expect us to as we said last year in the third quarter was an unusually good one time of that but the average margin there experience last year should be close to what we see this year.

Yes, Bob I would tell you that, I think that you know first quarter margins are probably were we would say a trough, because it volume dependent. I mean we see the first quarter volume has the lowest then that’s what an element that drives that impact and you will see sequential improvement throughout the year, you might see some weakness at the year and just because again some volume issues, but as Tim mentioned the issue around price cost you know we got to managed through that and confident that we will.

Your next question comes from Jeff Beach - Stifel Nicolaus.

Just looking sequentially here at the sales declined in the earnings and realizing the fourth quarter benefited from a LIFO it still looks like a pretty high contribution margin decline. I was back and work at the comments you made about the fourth quarter they were productivity continued cost reductions not much pressure from raw material cost and I’m working in just trying to figure out that making some adjustments here why the profits went down more than what I would have calculated off of your leverage?

I can only tell you that when we put our plans together, we’re right exactly where we thought we would as compare to looking at the last quarter. So, it’s hard to make to response to that exactly certainly the volume as a negative impact on factory performance there’s a little headwind on material side, but I don’t know exactly how to respond to that.

Jeff, I think the two things that you needed to keep and I think probably two are the biggest drivers, because the volume certainly is down. If I recall in the fourth quarter was our biggest impact from our inventory reduction on LIFO coming through as well as the fourth quarter still has a good price cost favorability not as the lower third quarter, but in the fourth quarter, I will say, would mitigate back to more neutral in the first quarter. So, when you take those two things into account, that’s pretty much what we’re seeing that’s pretty much what we expected.

You think there is any meaningful change in the mix that you can think off?

No, I just mentioned, it’s a little less worse in non-residential than we though, we are encouraged certainly our residential business for the first time as past the orders and sales have exceeded the prior year. So, we see that as an important place to be right now and hopefully that will continue to turn more positive as plan goes on that’s what we think is going to happen. The industrial markets are little better than we though and a very hopeful signs there. So, we’re encouraged generally and we don’t have a different view, we have the same view of the year just a little bit I think different from a timing of revenue perhaps been that you guys thought that we should have.

Your next question comes from Jeff Sprague - Vertical Research Partners.

One of you could just explore a little bit more the ideas that power margins would have crossed here, given I mean obviously we’re maybe at a little bit of the seasonal low, but given what you're saying about transmission project sliding given that's 20% of your business perhaps, but certainly seems the general turn out there on all things. T&D is actually maybe getting a little worse not better, do you have a little bit more visibility in that business now than perhaps your generalized answer to pick ups earlier question.

I think the transmission revenues for us relative to projects for 2010 are fairly secure because the once that we have won our multiple year projects. What we’re saying is that the growth in those revenues for years further out is being reduced by the fact that some new projects that, which we fell. We have an excellent chance to win or being pushed out as public utilities have the luxury of times to delay those parts based on lower demand for energy. So we would like them to proceed. We’re in a great market position to prosper from that, but we see one after the other sliding up by year, but once that we have our multiple year projects and this is just in the midst of them.

Just a little bit more on price, I think you said you're going up for another four to six on lighting, I believe order magnitude you went after a four-ish at the beginning of the year, I just wonder if you give us a little color on kind of the acceptance in the distribution channel for that type of price increase and any pushback you're seeing?

We really haven't had any price increase up to this point in the year. They have been limited price increases. So on the residential side we have some, but on the C&I we don't have any yet this year, but I’d say that clearly our industrial product lines have increased price, Burndy’s increased price. So I would see the industry catching up with the inflation that's happening in the first half of this year, but during this second quarter.

Your final question comes from Christopher Glynn - Oppenheimer.

Just looking at the electrical margins into the second quarter, it looks like besides some better seasonal volumes that some factors moving into there, would be mixed with high voltage test coming back, Burndy post I guess with some integration issues and maybe timing of the industrial product lines pricing is that all fair to think about?

Yes, you get me nervous Chris you make me sound like you got some insight here. That was pretty good.

On the utility the power systems would have though since storm benefits. Is that a timing issue? Should we still see something? I mean the weather was pretty dramatic.

No we had some storm volume, but if you recall the prior year had an exceedingly large amount, so relative year-on-year comparisons was lower its not like we didn’t have the storm, but the previous year we have a lot more.

On the lighting, the 4% to 6% increase, can you just kind of reference the other majors what their timing is relative to yours magnitude and…

I don’t know, I can’t tell you that but I don’t have any specific information of what the other guys are doing.

Do you think market share is moving around down that space?

At the margin, maybe, but I don’t see any significant trends there, nothing major.

That does conclude today’s question-and-answer session. I’d like to turn the call back over to our presenters for any additional or closing remarks.

Thank you everybody for joining us this morning and if anybody has follow-up questions Jim Farrell and I are around to take those calls. So thank you for joining us.

That does conclude today’s call. Thank you for your participation.