Kirby Corporation's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Kirby Corporation (KEX)

Q1 2012 Earnings Call

April 26, 2012 11:00 AM ET

Executives

Stephen Holcomb – VP, IR

Joseph Pyne – Chairman and CEO

David Grzebinski – EVP and CFO

Greg Binion – President and COO

Analysts

Alex Brand – SunTrust Robinson Humphries

Gregory Lewis – Credit Suisse

Jack Atkins – Stephens Inc

Kevin Sterling – BB&T Capital Markets

John Barnes – RBC Capital Markets

Jonathan Chappell – Evercore Partners

Ken Hoexter – Bank of America/Merrill Lynch

David Beard – Iberia

Presentation

Operator

Welcome to the Kirby Corporation 2012 First Quarter Conference Call. My name is Christine, 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 will now turn the call over to Steve Holcomb, Vice President, Investor Relations. 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 Kirby’s 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 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, 2011 filed with the Securities and Exchange Commission.

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