Navios Maritime Holdings' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Navios Maritime Holdings, Inc. (NM)

Q1 2012 Earnings Call

May 17, 2012 08:45 am ET


Angeliki Frangou – Chairman and Chief Executive Officer

Ted C. Petrone – President - Navios Corporation

Ioannis Karyotis – Senior Vice President, Strategic Planning

George Achniotis – Chief Financial Officer


Christian Wetherbee – Citi

Randy Laufman – Imperial Capital

Natasha Boyden – Global Hunter



Thank you for joining us for this morning’s Navios Maritime Holdings’ First Quarter 2012 Earnings Call. With us today from the company are Chairman and CEO, Ms. Angeliki Frangou; President, Mr. Ted Petrone; SVP of Strategic Planning, Mr. Ioannis Karyotis; and Chief Financial Officer, Mr. George Achniotis.

As a reminder, this conference call is also being webcast. To access the webcast, please go to the Investor Section of Navios Holdings’ Web site, A copy of the presentation referenced in today’s earnings call can be found there.

Before I review the structure of this morning’s call, I’d like to read the Safe Harbor statement. This conference could contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Navios Holdings. Forward-looking statements are statements that are not historical facts.

Such forward-looking statements are based upon the current beliefs and expectations of Navios Holdings’ management and are subject to risks and uncertainties which could cause actual results to differ from forward-looking statements. Such risks are more fully discussed in Navios Holdings’ filings with the Securities and Exchange Commission.

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