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.

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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 Corporation (NYSE:KEX ) Q4 2022 Earnings Conference Call January 31, 2023 8:30 AM ET Company Participants Kurt Niemietz - Vice President, Investor Relations & Treasurer David Grzebinski - President and Chief Executive Officer Raj Kumar - Executive Vice President and Chief Financial Officer Conference Call Participants Jack Atkins - Stephens Nathan Ho - Bank of America Greg Lewis - BTIG Greg Wasikowski - Webber Research Ben Nolan - Stifel William Baldwin - Crescent Securities Operator Good morning, and welcome to the Kirby Corporation 2022 Fourth Quarter Earnings Conference Call. All participants will be in a listen-only mode.

Kirby Corporation (KEX) Q4 2022 Earnings Call Transcript

Kirby (KEX) delivered earnings and revenue surprises of 4.69% and 1.11%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Kirby (KEX) Surpasses Q4 Earnings and Revenue Estimates

HOUSTON, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Kirby Corporation (“Kirby”) (NYSE: KEX) today announced net earnings attributable to Kirby for the fourth quarter ended December 31, 2022 of $37.3 million or $0.62 per share, compared with earnings of $11.0 million, or $0.18 per share for the 2021 fourth quarter. Excluding one-time items in both quarters, net earnings attributable to Kirby were $40.3 million or $0.67 per share, compared with earnings of $16.7 million, or $0.27 per share, in the year ago period. Consolidated revenues for the 2022 fourth quarter were $730.2 million compared with $591.3 million in the 2021 fourth quarter.

Kirby Corporation Announces 2022 Fourth Quarter and Full Year Results

Underscores Commitment to Ongoing Board Refreshment Underscores Commitment to Ongoing Board Refreshment

Kirby Corporation Appoints Susan W. Dio to Board of Directors

Kirby's (KEX) board decides to continue operating with both its businesses - Marine Transportation and Distribution and Services.

Kirby (KEX) Reaches Conclusion for Distribution and Services

Kirby Corp. KEX, +3.33% stock rose 2% in premarket trades Monday after the company said it remains open to opportunities to maximize value after wrapping up a strategic review of its distribution and services business. The Houston company said the market for mergers and acquisitions remains constrained partly because of a higher cost of borrowing to finance deals, but it will continue to weigh "any and all opportunities" for both its marine transport as well as its distribution and services businesses.

Kirby stock rises as it continues strategic plan for marine transport and distribution units

HOUSTON, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Kirby Corporation (NYSE: KEX) ("Kirby" or the “Company”) today announced its Board of Directors has concluded the Company's review of strategic alternatives for its Distribution and Services business, which was initiated in early 2022.

Kirby Corporation Concludes Review of Strategic Alternatives for Distribution and Services Business; Remains Open to Opportunities to Maximize Shareholder Value

HOUSTON, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2022 fourth quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Tuesday, January 31, 2023. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT.

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

Kirby (KEX) reported earnings 30 days ago. What's next for the stock?

Kirby (KEX) Up 2.2% Since Last Earnings Report: Can It Continue?

HOUSTON, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby" or “the Company”) (NYSE: KEX) announced today that Kirby will present in a fireside chat at the Stephens NASH2022 Investment Conference on Wednesday, November 16, 2022. Specifics of the conference presentation are as follows:

Kirby Corporation to Present at the Stephens NASH2022 Investment Conference

Kirby (KEX) third-quarter 2022 revenues benefit from strength across marine transportation and distribution and services segments.

Kirby (KEX) Q3 Earnings Top Estimates, Revenues Miss

Kirby Corporation (NYSE:KEX ) Q3 2022 Earnings Conference Call October 24, 2022 8:00 AM ET Company Participants Kurt Niemietz - Vice President of Investor Relations and Treasure David Grzebinski - President and Chief Executive Officer Raj Kumar - Executive Vice President and Chief Financial Officer Conference Call Participants Ken Hoexter - Bank of America Jack Atkins - Stephens Ben Nolan - Stifel Jonathan Chappell - Evercore Greg Lewis - BTIG Greg Wasikowski - Webber Research Operator Good morning, and welcome to the Kirby Corporation 2022 Third Quarter Earnings Conference Call. All participants will be in a listen-only mode.

Kirby Corporation (KEX) Q3 2022 Earnings Call Transcript

HOUSTON, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation (“Kirby”) (NYSE: KEX) today announced net earnings attributable to Kirby for the third quarter ended September 30, 2022 of $39.1 million or $0.65 per share, compared with a net loss of $(264.7) million, or $(4.41) per share for the 2021 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 2022 third quarter were $745.8 million compared with $598.9 million reported for the 2021 third quarter.

Kirby Corporation Announces 2022 Third Quarter Results

HOUSTON, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2022 third quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Monday, October 24, 2022. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT.

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

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Kirby (KEX) second-quarter 2022 earnings and revenues increase year over year.

Kirby (KEX) Q2 Earnings & Revenues Top Estimates, Grow Y/Y

Start Time: 08:30 January 1, 0000 9:31 AM ET Kirby Corporation (NYSE:KEX ) Q2 2022 Earnings Conference Call July 28, 2022, 08:30 AM ET Company Participants David Grzebinski - President and CEO Raj Kumar - EVP and CFO Kurt Niemietz - VP, IR and Treasure Conference Call Participants Jack Atkins - Stephens Ben Nolan - Stifel Greg Wasikowski - Webber Research Greg Lewis - BTIG Operator Good morning, and welcome to the Kirby Corporation 2022 Second Quarter Earnings Conference Call. All participants will be in listen-only mode.

Kirby Corporation (KEX) CEO David Grzebinski on Q2 2022 Results - Earnings Call Transcript

Kirby (KEX) delivered earnings and revenue surprises of 2.08% and 5.04%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Kirby (KEX) Tops Q2 Earnings and Revenue Estimates

HOUSTON, July 28, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation (“Kirby”) (NYSE: KEX) today announced net earnings attributable to Kirby for the second quarter ended June 30, 2022 of $28.5 million or $0.47 per share, compared with earnings of $10.2 million, or $0.17 per share for the 2021 second quarter. Excluding one-time non-recurring items in the 2022 second quarter, net earnings attributable to Kirby were $29.8 million or $0.49 per share. Consolidated revenues for the 2022 second quarter were $698.0 million compared with $559.6 million reported for the 2021 second quarter.

Kirby Corporation Announces 2022 Second Quarter Results

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Escalating fuel costs are likely to have partly hurt the second-quarter 2022 performances of Kirby (KEX), Southwest Airlines (LUV) and Schneider (SNDR).

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Increased demand at the distribution and services segment boosts Kirby (KEX). However, a weak capital position is bothersome.

Higher Segmental Revenues Up Kirby (KEX) Despite Low Liquidity

HOUSTON, June 24, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2022 second quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Thursday, July 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 Second Quarter Earnings Release and Earnings Webcast

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.

News for Kirby Stock (KEX)