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Kirby Corporation's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Kirby Corporation (KEX)

Q2 2012 Earnings Call

July 26, 2012 11:00 AM ET

Executives

Stephen Holcomb – VP, IR

Joe Pyne – Chairman and CEO

Greg Binion – President and COO

David Grzebinski – EVP and CFO

Analysts

Jon Chappell – Evercore Partners

Jack Atkins – Stephens

Alex Brand – SunTrust

Anthony Segoya – Credit Suisse

John Barnes – RBC Capital

Ken Hoexter – Merrill Lynch

Kevin Sterling – BB&T Capital Markets

Jimmy Gilbert – Iberia Capital

Chaz Jones – Wunderlich

David Beard – Iberia

Steve O’Hara – Sidoti

Presentation

Operator

Welcome to the Kirby Corporation 2012 Second Quarter Conference Call. My name is Trish and I will be your operator for today’s call. (Operator Instructions) Later we will conduct a question-and-answer session. Please note that this conference is being recorded. I would now like to turn the call over to your host, Stephen Holcomb. Stephen? You may begin.

Stephen Holcomb

Good morning. Thank you for joining us. With me today are Joe Pyne, Kirby’s Chairman and Chief Executive Officer; Greg Binion, Kirby’s President and Chief Operating Officer; and David Grzebinski, our Executive Vice President and Chief Financial Officer. During this conference call we may refer to certain non-GAAP or adjusted financial measures. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures is available on our website at KirbyCorp.com in the Investor Relations section under non-GAAP financial data.

Statements contained in this conference call with respect to the future are forward-looking statements. These statements reflect management’s reasonable judgment with respect to future events. Forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those anticipated as a result of various factors. A list of these risk factors can be found in Kirby’s annual report on Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission. I will now turn the call over to Joe.

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