FedEx F2Q08 (Qtr End 11/30/07) Earnings Call Transcript

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2007-12-20 09:56:23.0

Tags: FedEx Corp.

Earnings Call Excerpt

FedEx Corporation (FDX)

Q2 2008 Earnings Call

December 20, 2007 8:30am ET

Executives

Mickey Foster – Vice President, Investor Relations

Fred Smith - Chairman, President and CEO

Alan Graf - Executive Vice President and CFO

Mike Glenn - Executive Vice President – Market Development and Corporate Communications

Chris Richards - Executive Vice President, General Counsel and Secretary

Rob Carter - Executive Vice President – FedEx Information Services and CIO

Dave Bronczek - President and CEO of FedEx Express

Dave Rebholz - President and CEO of FedEx Ground

Doug Duncan, President and CEO of FedEx Freight

Analysts

Tom Wadewitz – JP Morgan

Art Hatfield – Morgan Keegan

John Barnes – BB&T Capital Markets

William Greene – Morgan Stanley

David Ross – Stifel Nicholaus

Jason Seidl – Credit Suisse

Gary Chase – Lehman Brothers

Edward Wolfe – Bear Stearns

Scott Flower – Bank of America Securities

John Langenfeld – Baird

Ken Hoexter – Merrill Lynch

Rob Nichols – Manning & Napier Advisors

David Campbell – Thompson, Davis & Company

Peter Jacobs – [Reagan Mackenzie]

Presentation

Operator

Good day everyone and welcome to the FedEx Corporation second quarter earnings conference call. Today’s call is being recorded. At this time I will turn the call over to Mickey Foster, Vice President Investor Relations.

Mickey Foster

Good morning and welcome to the FedEx Corporation second quarter earnings conference call. The earnings release and stat book our on our website atwww.FedEx.com. This call is being broadcast from our website and the replay will be available for approximately one year.

Joining us on the call today are also members of the media. During the question and answer session callers will be limited to one question and a follow up so we can accommodate all those who would like to participate.

I want to remind all listeners that FedEx Corporation desires to take advantage of the Safe Harbor provisions of the Private Securities Litigation Reform Act. Certain statements on this conference call may be considered forward looking statements, such as statements relating to managements views with respect to future events and financial performance. Such forward looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward looking statements.

For additional information on these factors please refer to FedEx Corporation and its subsidiaries press releases and filings with the SEC. To the extent we may disclose any non-GAAP financial measures on this call please refer to the investor relations portion of our website atwww.FedEx.com for reconciliation of such measures to the most directly comparable GAAP measures.

 

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