Earnings Call Excerpt
Kellwood Company (KWD)
Q3 2007 Earnings Call
December 7, 2007, 8:30am ET
Executives
Sam Duggan – Vice President Investor Relations and Treasurer
Bob Skinner – Chairman, President and Chief Executive Officer
Lee Capps – Chief Operating Officer
Greg Kleffner – Chief Financial Officer
Analysts
Jennifer Davis - Lazard Capital Market
Jeff Edelman – UBS
Brad Stephens – Morgan Keegan
Jody Kane – Sidoti and Company
Presentation
Operator
Good morning Ladies and Gentlemen. Welcome to the Kellwood Company’s third quarter 2007 results conference call. [Operator Instructions] I would now like to turn the call over to your host for today’s conference, Sam Duggan, Vice President Investor Relations and Treasurer of Kellwood. Please go ahead sir.
Sam Duggan
Good morning everyone. Participating on the call this morning are Bob Skinner, Kellwood’s Chairman, President and Chief Executive Officer, Lee Capps our Chief Operating Officer and Greg Kleffner our Chief Financial Officer.
During this conference call we will be making reference to our third quarter earnings presentation which can be found on our website in the Investor Relations section under presentations. As a reminder to the participants, statements in this conference call that are not strictly historical are forward looking statements within the meaning of the safe harbor provisions of the federal securities laws. Actual results may differ materially due to the risks and uncertainties that are described in the company’s Form 10-K and other filings with the SEC.
Before I turn the call over to Bob, let me briefly address one other topic. As you know, on September 18th, Kellwood received an unsolicited proposal from Sun Capital and on November 12th we received an identical proposal from them. As you are also aware our board, in consultation with its financial advisors carefully considered the Sun Capital proposal and determined it is not in the best long term interest of Kellwood and its shareholders.
With respect to today’s call we will not be taking questions on the unsolicited proposal of Sun Capital and we ask that you focus your questions on the matter in the third quarter earnings release.
With that, let me introduce Bob Skinner.
Bob Skinner
Good morning everyone. I will begin my remarks with highlights of the results we recorded today and then update you as to our progress on our key initiatives. Greg will then provide more detail on our financials and guidance; we will then open the call up to take your questions.
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