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

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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.

HOUSTON, July  30, 2020  (GLOBE NEWSWIRE) -- Kirby Corporation (“Kirby” or the “Company”) (NYSE: KEX) today announced net earnings attributable to Kirby for the second quarter ended June 30, 2020 of $25.0 million, or $0.42 per share, compared with net earnings of $47.3 million or $0.79 per share for the 2019 second quarter. Consolidated revenues for the 2020 second quarter were $541.2 million compared with $771.0 million reported for the 2019 second quarter.

Kirby Corporation Announces 2020 Second Quarter Results

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces investigation of potential securities claims on behalf of shareholders of Kirby Corp. (NYSE: KEX) resulting from allegations that KEX may have issued materially misleading business information to the investing public.

ROSEN, TRUSTED INVESTOR COUNSEL, Announces Investigation of Securities Claims Against Kirby Corp.; Encourages Investors with Losses in Excess of $100K to Contact Firm – KEX

LOS ANGELES--(BUSINESS WIRE)---- $KEX #fraud--Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Continues Investigation of Kirby Corporation (KEX) on Behalf of Investors

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Continues Investigation of Kirby Corporation (KEX) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)---- $KEX #classaction--The Law Offices of Frank R. Cruz continues its investigation on behalf of Kirby Corporation (“Kirby” or the “Company”) (NYSE: KEX) investors concerning the Company and its officers’ possible violations of federal securities laws.

The Law Offices of Frank R. Cruz Continues Investigation of Kirby Corporation (KEX) on Behalf of Investors

HOUSTON, July  15, 2020  (GLOBE NEWSWIRE) -- Stewart & Stevenson  Healthcare Technologies, LLC (“S&S”), a subsidiary of Kirby Corporation (“Kirby”) (NYSE: KEX), has received emergency use authorization  for the Apollo ABVM from the U.S. Food and Drug Administration (“FDA”) for the duration of emergency circumstances caused by the COVID-19 pandemic1. With this authorization, the Apollo ABVM can now be used by patients during the COVID-19 pandemic for continuous or intermittent mechanical ventilation under the emergency use authorization guidelines.

Stewart & Stevenson’s Apollo ABVM Receives Emergency Use Authorization from U.S. Food and Drug Administration

BENSALEM, Pa.--(BUSINESS WIRE)---- $KEX #fraud--INVESTOR ALERT: Law Offices of Howard G.

INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Kirby Corporation (KEX) on Behalf of Investors

NEW YORK--(BUSINESS WIRE)-- #Investigation--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Kirby Corporation (NYSE: KEX) on behalf of Kirby stockholders. Our investigation concerns whether Kirby has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On July 8, 2020, Kirby announced that it would be restating certain of its financial results for the firs

KIRBY CORPORATION ALERT: Bragar Eagel & Squire, P.C. Is Investigating Kirby Corporation on Behalf of Stockholders and Encourages Investors to Contact the Firm

NEW YORK, July 14, 2020 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Kirby Corporation ("Kirby" or the "Company") (NYSE: KEX). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kirby Corporation - KEX

New York, New York--(Newsfile Corp. - July 14, 2020) -  Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Kirby Corporation ("Kirby" or the "Company") (NYSE: KEX). Investors who purchased Kirby securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/kex.       The investigation concerns whether Kirby and certain of its officers and/or directors have violated federal...

KEX Investor Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of NACCO Industries, Inc. and Encourages Investors to Contact the Firm

New York, New York--(Newsfile Corp. - July 14, 2020) -  Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Kirby Corporation ("Kirby" or the "Company")(NYSE:KEX).If you invested in Kirby stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/KEX.  There i

Kirby Investor Alert: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In Kirby Corporation To Contact The Firm

LOS ANGELES--(BUSINESS WIRE)---- $KEX #classaction--The Law Offices of Frank R. Cruz announces an investigation on behalf of Kirby Corporation (“Kirby” or the “Company”) (NYSE: KEX) investors concerning the Company and its officers’ possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On July 10, 2020, Kirby disclosed that, for the first quarter ended March 31, 2020, its goodwill impairment charge "was understated by $127,933,000 before taxes, $98,7

The Law Offices of Frank R. Cruz Announces Investigation of Kirby Corporation (KEX) on Behalf of Investors

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces investigation of potential securities claims on behalf of shareholders of Kirby Corp. (NYSE: KEX) resulting from allegations that KEX may have issued materially misleading business information to the investing public. On July 8, 2020, Kirby announced that, for the first quarter ended March 31, 2020, it had understated non-cash non-recurring goodwill impairment charges by $127,933,000 before taxes, $98,773,00

Rosen Law Firm Announces Investigation of Securities Claims Against Kirby Corp. – KEX

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

Kirby (KEX) Up 14.2% Since Last Earnings Report: Can It Continue?

Another Systemic Shock Creates Another Opportunity With Kirby

Falling revenues in oil and gas market is a major setback for Kirby (KEX). However, growth in marine division is impressive.

Marine Unit Buoys Kirby Amid Oil and Gas Market Weakness

Kirby's (KEX) Q1 results reflect a 36.1% drop in distribution and services revenues. Impressive performance of the marine transportation division partly offsets the adversity.

Kirby (KEX) Q1 Earnings Top Estimates, Fall on Low Revenues

Kirby Corporation (KEX) CEO David Grzebinski on Q1 2020 Results - Earnings Call Transcript

Shares of Kirby (NYSE:KEX) were unchanged in pre-market trading after the company reported Q1 results.

Recap: Kirby Q1 Earnings

HOUSTON, April  22, 2020  (GLOBE NEWSWIRE) -- Stewart & Stevenson (“S&S”), a subsidiary of Kirby Corporation (“Kirby”) (NYSE: KEX), and Rice University announced today the signing of an exclusive licensing agreement to produce an advanced version of the ApolloBVM ventilator.

Stewart & Stevenson Signs Exclusive License Agreement with Rice University for ApolloBVM Ventilator Production

HOUSTON, April  02, 2020  (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) today announced that it has completed the acquisition of Savage Inland Marine’s (“Savage”) inland barge fleet. Savage is an operator of tank barges and towboats participating in the inland tank barge transportation industry in the United States. The total consideration paid was approximately $278 million and was financed with additional borrowings.  

KIRBY CORPORATION CLOSES THE ACQUISITION OF SAVAGE INLAND MARINE’S BARGE FLEET

HOUSTON, March  19, 2020  (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby” or the “Company") (NYSE:KEX) announced today that the location of its 2020 Annual Meeting of Stockholders will be changed from an in person meeting to a virtual format via a live online webcast. The annual stockholder meeting, which was previously announced in Kirby’s Notice of 2020 Annual Meeting and Proxy Statement and filed with the Securities and Exchange Commission (“SEC”) on March 6, 2020, will be still be held on April 28, 2020 at 10:00 a.m. CDT, but in a virtual meeting format only.

KIRBY CORPORATION ANNOUNCES CHANGE TO VIRTUAL 2020 ANNUAL MEETING OF STOCKHOLDERS

Disappointing performance of the oil and gas market along with reduced activity in coal transportation business hurt Kirby'(KEX) shares.

Kirby (KEX) Loses 13% in a Year: What's Dragging It Down?

Why Is Kirby (KEX) Down 18% Since Last Earnings Report?

Kirby: A Tale Of Two Stories

Persistent weakness at the distribution and services division weighs on Kirby's (KEX) Q4 results.

News for Kirby Stock (KEX)