Kirby's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Kirby Corporation ( KEX)

Q4 2011 Earnings Call

February 3 2012, 11:00 am ET


Steve Holcomb - VP, IR

Joe Pyne - Chairman & CEO

Greg Binion - President & COO

David Grzebinski - EVP & CFO


Jon Chappell - Evercore Partners

Alex Brand - SunTrust Robinson

Jack Atkins - Stephens

Scott Weber - Bank of America-Merrill Lynch

John Barnes - RBC Capital Markets

Kevin Sterling - BB&T Capital Markets

Jimmy Gibert - IBERIA Capital Partners

Chaz Jones - Morgan Keegan

David Beard - IBERIA Capital Partners

John Larkin - Stifel Nicolaus



Welcome to the Kirby Corporation 2011 fourth quarter and year earnings conference call. My name is Sandra and I will be your operator for today's call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session. Please note that this conference is being recorded.

I will now turn the call over to Mr. Steve Holcomb. Mr. Holcomb you may begin.

Steve Holcomb

Good morning. Thank you for joining us. With me today is Joe Pyne, Kirby's Chairman and Chief Executive Officer, Greg Binion, Kirby's President and Chief Operating Officer, and David Grzebinski, Kirby’s 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 Kirby’s website at in the Investor Relations section under non-GAAP financial data. Statements contained in this conference call with respect to the future or forward-looking statements, these statements reflect management's reasonable judgment with respect to future events. Forward-looking statements involve risk 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, 2010 and quarterly report on Form 10-Q for the period ended September 30, 2011 that was filed with the Securities and Exchange Commission. I will now turn the call over to Joe Pyne.

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