Kirby

Kirby Corp. engages in the provision of diesel engines, reduction gears and ancillary products for marine and power generation applications. It operates through the following business segments: Marine Transportation and Distribution & Services segment. The Marine Transportation segment provides marine transportation services, operates tank barges and towing vessels transporting bulk liquid products and transports petrochemicals, refined petroleum and black oil products, and agricultural chemicals by tank barge. The Distribution & Services segment sells genuine replacement parts, provides service mechanics to overhaul and repair medium and high-speed diesel engines, transmissions, reduction gears, pumps and compression products, maintains facilities to rebuild component parts or entire medium and high-speed diesel engines, transmissions and reduction gears and manufactures and remanufactures oilfield service equipment, including pressure pumping units. The company was founded in 1921 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Kirby reports robust Q4 earnings, optimistic outlook for 2023

Kirby Corporation delivered strong financial performance in Q4 2022, with revenue growth, improved margins, and a positive outlook for 2023 across its business segments.
Despite challenges like inflation and supply chain disruptions, Kirby remains focused on managing costs, driving growth, and creating shareholder value through strategic initiatives.
The company's confidence in its long-term strategy, optimism about market recovery, and proactive approach to addressing challenges position Kirby well for sustainable growth and profitability.
By leveraging opportunities for revenue growth, optimizing cost structures, and effectively managing supply chain issues, Kirby aims to enhance operational efficiency and capitalize on market dynamics.

Kirby reports solid Q1 earnings, eyes growth opportunities ahead

Kirby Corporation's Q1 2023 performance showed resilience despite challenges in certain segments. With a focus on growth opportunities and cost-effective operations, Kirby aims for improved financial results for the year. Strategic investments and operational enhancements position Kirby well for future profitability.

Kirby reports strong Q2 earnings amidst inflation challenges and growth opportunities

Kirby's Q2 performance reflects solid earnings and operational strength across segments.
While facing challenges from global economic trends and inflation, the company maintains strategic focus.
Opportunities lie in cash flow generation, strategic investments, and innovative initiatives.
Overall, Kirby's financial health and market positioning remain robust amidst industry challenges.

Kirby Corporation reports robust Q3 earnings amidst market challenges

Kirby Corporation delivered strong financial performance in Q3 2023 despite facing challenges in the Marine Transportation segment. The company's focus on key markets and services, along with strategic initiatives like eFrac technology and backup power solutions, positions it well for future growth and resilience in the face of supply chain disruptions.

Kirby Corporation excels in Q4 2023, anticipates strong 2024 growth

Kirby Corporation's strong performance in Q4 2023 was driven by robust demand in Marine Transportation and Distribution segments, leading to revenue growth and debt reduction. While facing supply chain challenges and labor shortages, the company aims for significant earnings growth in 2024 through strategic cash flow management and operational improvements.

Kirby reports robust Q1 earnings, eyes growth in data centers

Kirby Corporation delivered strong financial results in Q1 2024, driven by growth in key sectors despite challenges in Inland Marine Transportation and the Oil and Gas market. With a focus on margin capture and expansion in promising markets like data centers, Kirby remains optimistic about its long-term strategy and aims to enhance shareholder value.

Kirby Corporation reports robust Q2 earnings amidst growth opportunities

Kirby Corporation delivered strong financial performance in Q2 2024, driven by revenue growth and improved margins.
While facing capital spending challenges, the company's robust cash flow and market fundamentals offer a positive outlook.
Optimizing operational efficiencies and capitalizing on growth opportunities will be key for sustaining earnings growth.

Kirby (KEX) reports robust Q3 earnings, eyes growth opportunities

Kirby's Q3 performance reflects strong revenue growth, operational efficiency, and disciplined financial management
The company's diversified revenue streams and focus on shareholder returns position it well for future growth
While facing short-term margin challenges, Kirby remains optimistic about market conditions and expects solid financial results ahead

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Kirby Corp. is a tank barge operator, which engages in transporting bulk liquid products. It transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals. It operates through Marine Transportation and Distribution and Services segments. The Marine Transportation segment provides marine transportation by United States flagged vessels principally of liquid cargoes throughout the United States inland waterway system. The Distribution and Services segment is involved in after-market service and genuine replacement parts for engines, transmissions, reduction gears and related equipment used in oilfield services, marine, power generation, on-highway, and other industrial applications. The company was founded in 1921 and is headquartered in Houston, TX.

Kirby's (KEX) Q1 results benefit from higher revenues at the marine transportation, and distribution and services segments despite Omicron-induced woes.

Kirby's (KEX) Q1 Earnings in Line, Revenues Increase Y/Y

Kirby's (NYSE:KEX ) Q1 2022 Earnings Conference Call April 28, 2022 8:30 AM ET Company Participants David Grzebinski – President and Chief Executive Officer Raj Kumar – Executive Vice President and Chief Financial Officer Eric Holcomb – Vice President-Investor Relations Conference Call Participants Jack Atkins – Stephens Ben Nolan – Stifel Jon Chappell – Evercore Ken Hoexter – Bank of America Greg Wasikowski – Webber Research Chris Robertson – Jefferies Operator Corporation 2022, First Quarter Earnings Conference Call. All participants will be in a listen-only mode.

Kirby's (KEX) CEO David Grzebinski on Q1 2022 Results - Earnings Call Transcript

HOUSTON, April 28, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation (“Kirby”) (NYSE: KEX) today announced net earnings attributable to Kirby for the first quarter ended March 31, 2022 of $17.4 million or $0.29 per share, compared with a loss of ($3.4) million, or ($0.06) per share for the 2021 first quarter. Consolidated revenues for the 2022 first quarter were $610.8 million compared with $496.9 million reported for the 2021 first quarter.

Kirby Corporation Announces 2022 First Quarter Results

Kirby (KEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Kirby (KEX) Earnings Expected to Grow: Should You Buy?

Kirby shares have sold off sharply since the announcement of an agreement to supply barging services to an offshore wind project; investors may be fretting over future margins/capex here.

Anchors Away For Kirby, As Chemical And Refinery Activity Drives More Barging Demand

HOUSTON, April 04, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2022 first quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Thursday, April 28, 2022. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT.

Kirby Corporation Announces Date for 2022 First Quarter Earnings Release and Earnings Webcast

Kirby (KEX) banks on strong cost-management strategies and a rise in segmental revenues. However, low current ratio is a headwind.

Low Liquidity Hurts Kirby (KEX) Amid Rising Segmental Revenues

Higher revenues at the marine transportation, and distribution and services segments buoy Kirby's (KEX) Q4 results despite coronavirus-induced crewing challenges and supply chain woes.

Kirby (KEX) Stock Up More Than 5% Since Q4 Earnings Release

Kirby's (KEX) CEO David Grzebinski on Q4 2021 Results - Earnings Call Transcript

Kirby (KEX) delivered earnings and revenue surprises of 8% and 0.71%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Kirby (KEX) Q4 Earnings Surpass Estimates

HOUSTON, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation (“Kirby”) (NYSE: KEX) today announced net earnings attributable to Kirby for the fourth quarter ended December 31, 2021 of $11.0 million or $0.18 per share, compared with $22.2 million or $0.37 per share for the 2020 fourth quarter. Excluding one-time charges related to a change in Louisiana tax law in the 2021 fourth quarter, net earnings attributable to Kirby were $16.7 million or $0.27 per share. Consolidated revenues for the 2021 fourth quarter were $591.3 million compared with $489.8 million reported for the 2020 fourth quarter.

Kirby Corporation Announces 2021 Fourth Quarter and Full Year Results and 2022 Outlook

Analysts Estimate Kirby (KEX) to Report a Decline in Earnings: What to Look Out for

HOUSTON, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2021 fourth quarter results at 6:00 a.m. Central Standard Time (“CST”) on Thursday, January 27, 2022. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CST.

Kirby Corporation Announces Date for 2021 Fourth Quarter Earnings Release and Earnings Webcast

Hoegh LNG Partners

HMLP vs. KEX: Which Stock Is the Better Value Option?

HMLP or KEX: Which Is the Better Value Stock Right Now?

HOUSTON, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby" or “the Company”) (NYSE: KEX) announced today that Kirby will present in a fireside chat at the Stephens NASH2021 Investment Conference on Wednesday, December 1, 2021. Specifics of the conference presentation are as follows:

Kirby Corporation to Present at the Stephens NASH2021 Investment Conference

HMLP vs. KEX: Which Stock Should Value Investors Buy Now?

Kirby's (KEX) cost-management efforts are encouraging. Weakness in the coastal market and dismal cash position are a headwind.

Cost-Saving Initiatives Boost Kirby (KEX), Rising Debt Ails

Reduced operating efficiencies due to Hurricane Ida hurt Kirby's (KEX) Q3 results.

Kirby (KEX) Stock Down 2.5% Since Q3 Earnings: Here's Why

Kirby Corporation's (KEX) CEO David Grzebinski on Q3 2021 Results - Earnings Call Transcript

Kirby (KEX) delivered earnings and revenue surprises of -19.05% and 7.07%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Kirby (KEX) Q3 Earnings Miss Estimates

HOUSTON, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Kirby Corporation (“Kirby” or the “Company”) (NYSE: KEX) today announced a net loss attributable to Kirby for the third quarter ended September 30, 2021 of $(264.7) million, or $(4.41) per share, compared with earnings of $27.5 million or $0.46 per share for the 2020 third quarter. Excluding one-time items related to coastal marine in the 2021 third quarter, adjusted net earnings attributable to Kirby were $10.3 million or $0.17 per share. Consolidated revenues for the 2021 third quarter were $598.9 million compared with $496.6 million reported for the 2020 third quarter.

Kirby Corporation Announces 2021 Third Quarter Results

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Matson

Stifel analyst Benjamin Nolan raised the price targets on marine companies Matson Inc's (NYSE:MATX) and Kirby Corp (NYSE:KEX) and is bullish on the stocks. Nolan upgraded Kirby to Buy from Hold and raised the price target to $65 (implying an upside of 20%), up from $64.

Stifel Is Bullish On These Marine Companies - Read Why

Weak cash position and persistent weakness in the coastal market are major concerns for Kirby Corporation (KEX).

News for Kirby Stock (KEX)