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Con-way's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: CNW

Before we get into the call, I would like to offer a few reminders. First, certain statements in this conference, including statements regarding anticipated results of operation and financial condition constitute forward-looking statements and are subject to a number of risks and uncertainties. Actual results of operations and financial condition might differ materially from those projected in such forward-looking statements, and no assurance can be given as the future results. Additional information concerning factors that could cause actual results and other matters to differ materially from those in the forward-looking statements and the inherent limitations of such forward-looking statements is contained in our Forms 10-K and 10-Q and other filings with the SEC.

Second, today’s prepared remarks contain non-GAAP financial measures. Reconciliations of GAAP to non-GAAP financial measures are found within the financial tables of our earnings release, which is available on our website at con-way.com.

I would also like to note that we have a lot of people on the call today, so we would appreciate it if you would limit yourself to a couple questions then return to the queue.

Now without further due, I’m pleased to turn it over to Doug Stotlar.

Douglas Stotlar

Thanks, Pat. Good morning. On the call today, I’m joined by members of our senior leadership team, including Con-way’s CFO, Steve Bruffett; Con-way Freight President, Greg Lehmkuhl; Menlo Logistics President, Bob Bianco; and from Con-way Truckload President, Herb Schmidt and Chief Operating Officer, Saul Gonzalez. Steve will provide some commentary on our financial picture, and then in the Q&A portion of the call, Greg and Bob will review highlights at Freight and Menlo and Herb and Saul will comment on Con-way Truckloads results.

Our second quarter performance reflected disciplined operations, good cost controls and margin expansion at all of our business units. The consistent execution of our strategy is delivering the intended results. The key to improvement of our process has been a focus on our fundamentals which remain improving safety, applying lean practices, leveraging technology, and managing price. Progress in each of these areas provided the momentum for an improved second quarter and remain our strategic priorities going forward.

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