Suburban Propane Partners, L. P. F3Q08 (Qtr End 06/28/08) Earnings Call Transcript

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2008-09-23 20:09:11.0

Tags: Suburban Propane Partners L.P.

Earnings Call Excerpt

Suburban Propane Partners, L. P. (SPH)

F3Q08 Earnings Call

August 7, 2008 9:00 am ET

Executives

Davin D’ambrosio - Vice President and Treasurer

Mark Alexander - Chief Executive Officer

Mike Stivala - Chief Financial Officer and Chief Accounting Officer

Mike Dunn - President

Analysts

Darren Horowitz – Raymond James & Associates Inc.

Unidentified Participant

Presentation

Operator

Welcome to the Suburban Propane third quarter 2008 financial results conference call. (Operator Instructions)

Before we get under way today, I would like to read some Safe Harbor language provided by the Company. This conference call contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended relating to the partnership’s future business expectations and predictions and financial condition and results of operation. These forward-looking statements involved certain risks and uncertainties.

The partnership has listed some of the important factors that could cause actual results to differ materially from those discussed in such forward-looking statements, which are referred to as cautionary statements in its earnings press release, which can be found on the Company's website. All subsequent written and oral forward-looking statements attributable to the partnership or persons acting on its behalf are expressly qualified in their entirety by such cautionary statements.

With that being said, I would now like to turn the conference over to Mr. Davin D'Ambrosio. Please go ahead sir.

Davin D'ambrosio

Great. Thank you, Ken. Good morning, everyone. Welcome to Suburban's third quarter fiscal 2008 conference call.

I am Davin D'Ambrosio, Vice President and Treasurer at Suburban. Joining me this morning is Mark Alexander, our Chief Executive Officer, Mike Dunn, President, and Michael Stivala, Chief Financial Officer and Chief Accounting Officer. The purpose of today's call is to review our third quarter financial results, along with our current outlook for the business.

As usual, once we have concluded our prepared remarks, we will open the session to questions. Before getting started, I would like to re-emphasize what the operator has just explained about forward-looking statements. Additional information about factors that could cause actual results to differ materially from those discussed in forward-looking statements is contained in the partnership's SEC filings including its form 10-K for the fiscal year ended September 29, 2007.

And form 10-Q as of June 28, 2008, which will be filed by the end of business today. Copies of these filings may be attained by contacting the partnership or SEC. Certain non-GAAP measures will be discussed on this call. We have provided a description on those measures as well as a discussion of why we believe this information to be useful in our form 8-K furnished to the SEC this morning. The form 8-K can be accessed through a link on our website at SuburbanPropane.com.

 

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