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Stephens Inc News

02 Jul 2018

Harvey Gulf Emerges From Chapter 11 Proceedings

Harvey Gulf International Marine announced that it has completed its financial restructuring and emerged from Chapter 11 Bankruptcy proceedings. This marks the completion of the Plan of Reorganization approved by the bankruptcy court, 77 days following Harvey Gulf’s prepackaged filing. Under the reorganization, Harvey Gulf has shed approximately $1 Billion in debt and emerges with a dramatically de-leveraged balance sheet. Additionally, the Company has kept its commitments to its trade vendors, paying all unsecured claims in full. Harvey Gulf will combine its new financial strength with its long history of operational excellence as the industry leader in safety and environmental protection…

28 Aug 2014

US Rail Jams Force Rush to Roads and Rivers

Photo: Susannah Skiver

U.S. coal-burning power utilities are being forced to turn to barges and more expensive trucks to move coal, desperate to shore up stockpiles left dangerously low by the widespread bottlenecks on rail networks. The shift in how coal is being delivered to some power plants from mining regions such as Illinois Basin and comes amid persistent railroad delays that began during last year's severe North American winter. The delays have been perpetuated also by a surge in rail deliveries of crude oil and grain…

28 Apr 2014

Obituary: Wesley Wheeler, 1933-2014

Wesley D. Wheeler

Wesley D. Wheeler passed away on April 18 in Stamford, Connecticut. He was 80 years old. He was laid to rest in Cyprus Hills Cemetery in Brooklyn, N.Y. Wheeler was an active member of the marine community for 60 years. He lived and worked in many countries and for some of the largest naval architects, consultants and shipbuilding companies in the world including JJ. Henry & Co., J. J. McMullen Associates, H.M. Tiedemann & Co, American Bulk Carriers, Sparkman & Stephens Inc., Astilleros Espanoles and M. Rosenblatt & Son. He founded his own firm, Wheeler Associates Ltd.

14 Nov 2008

Kirby Corporation to Present

Kirby Corporation (NYSE:KEX) announced that Joe Pyne, Kirby's President and Chief Executive Officer, will present at the Stephens Inc. Fall Investment Conference on Wednesday, November 19, 2008, at 10:00 a.m. eastern time. The Stephens conference is being held in New York. A live audio webcast of the presentation will be available to the public and a replay will be available after the presentation by visiting Kirby's website at http://www.kirbycorp.com/. A copy of the material prepared by Kirby for the presentation will be available at 8:00 a.m. eastern time on November 19, 2008 on Kirby's website. A replay of the presentation will be available through December 19, 2008 on Kirby's website.

01 Apr 2008

Conrad Announces 2007 Results and Share Repurchase Program

Conrad Industries, Inc. announced its 2007 results and a new $10 million stock repurchase program. For the year ended December 31, 2007, Conrad achieved net income of $19.2 million and earnings per diluted share of $2.63. The Company’s Annual Report for 2007 is available at ww.pinksheets.com. The Company also announced that its board of directors has authorized the Company to purchase up to $10 million of its common stock. The Company plans to use cash on hand or generated from operations to purchase the stock. Acquisitions may be made from time to time in the open market or in privately negotiated transactions as permitted by securities laws and other legal requirements.