grzebinski in A Sentence

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    On the latest conference call, Kirby CEO David Grzebinski estimated that the Cenac purchase price was 25-35% under replacement cost.

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    Commenting on the 2019 full year guidance, Mr. Grzebinski said,“We have narrowed our 2019 earnings guidance to $2.80 to $3.00 per share.

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    Commenting on the 2019 full year outlook and guidance, Mr. Grzebinski said,“We have lowered our 2019 earnings guidance to $2.80 to $3.20 per share.

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    David Grzebinski, Kirby's President and Chief Executive Officer, commented,“During the second quarter, our marine transportation business significantly improved its profitability despite challenging inland operating conditions.

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    This reduction was partially offset by continued growth in our commercial and industrial business including increased sales of new back-up power generation equipment,” Mr. Grzebinski concluded.

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    Grzebinski added,"In 2020, the marine business is poised to deliver positive growth in revenue and earnings, and the addition of Savage will further strengthen our fleet and earnings power for the future.".

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    So, when you think about the earnings power of the company, it's much higher than it has ever been, and we're just now coming out of the bottom of the cycle,” said Grzebinski.

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    Grzebinski continued,"Depending on the purchase price allocations, we expect this acquisition will be earnings neutral in 2018 as it will take time to align Higman's tank barge utilization rates with Kirby's, and industry pricing has not yet improved from historically low levels.

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    Mr. Grzebinski continued,“Depending on the purchase price allocations, we expect this acquisition will be earnings neutral in 2018 as it will take time to align Higman's tank barge utilization rates with Kirby's, and industry pricing has not yet improved from historically low levels.

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    Mr. Grzebinski concluded,“Overall, as the inland market begins its recovery, the timing of the Higman acquisition is ideal as it will further upgrade our fleet and ultimately allow Kirby to emerge from the downturn larger, more efficient, and better able to serve our customers.

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