David Grzebinski

Chief Executive Officer & Director, KIRBY CORP

Search every verified David Grzebinski interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. David Grzebinski, president and CEO of Kirby Corporation, discussed the company's first-quarter 2020 results during a May 5 earnings call. He stated that Kirby was withdrawing its full-year 2020 guidance, citing uncertainties related to COVID-19, including the duration of stay-at-home orders, the severity of the economic recession, and the impact on demand for the company's products and services. He also noted that the company had experienced only a small number of COVID-19 cases among its approximately 6,000 employees and credited staff for effective safety measures such as social distancing, mask use, and quarantine protocols. Grzebinski also addressed market conditions, saying that activity in the oil and gas market would likely remain "extremely challenged" through 2020 and possibly into 2021, with many customers cutting capital spending by 50 percent or more compared to 2019. He mentioned that analysts predicted onshore rig counts could decline to as few as 250 to 300 rigs, a 65 percent reduction from 2019 levels. In response to a question about petrochemical customers, he described a "mixed bag" of feedback, noting that some chemical customers had increased activity and that the company had seen a slight uptick in inland utilization, though he cautioned against interpreting a one-week change as a trend.