Kirby Corporation

Good morning and welcome to the Kirby Corporation 2024 First Earnings Conference Call. All participants will be in a listen-only mode. After today's presentation, there will be an opportunity to ask questions. We ask that you limit your questions to a one question and one follow-up. To ask a question during this session, you will need to press star 11 on your telephone. You will hear an automated message that your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. We ask that you mute all speaker lines. I would now like to turn the conference over today to Kurt Nimitz, Kirby's VP of Investor Relations and Treasurer. Please go ahead.

Good morning, and thank you for joining the Kirby Corporation 2024 First Quarter Earnings Call. With me today are David Grzybinski, Kirby's president and chief executive officer, Raj Kumar, Kirby's executive vice president and chief financial officer, and Christian O'Neill, president of Kirby's Marine Transportation Group. A slide presentation for today's conference call, as well as the earnings release, which was issued earlier today, can be found on our website. During this conference call, we may refer to certain non-GAAP or adjusted financial measures. Reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures are included in our earnings press release and are also available on our website in the investor relations section under financials. As a reminder, 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, and 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 latest form 10-K filing and in our other filings made with the SEC from time to time. I will now turn the call over to David.

Thank you, Kurt, and good morning, everyone. Before we begin, I would like to take a moment to announce that effective tomorrow, at Kirby's annual meeting, Christian O'Neill will become Kirby's president and chief operating officer. In this new role, Christian will report to me as CEO and will be responsible for the day-to-day operations of both our marine transportation and our distribution and services businesses. With over 25 years with the company, spanning roles across various businesses, Christian brings a wealth of experience, a history of operational excellence, and a strong customer-focused mindset that will benefit KDS and Kirby as a whole as we continue growing the company. I'd like to congratulate Christian on this new role and thank him for his many years of service at Kirby.