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Kirby Corp. - KEX STOCK NEWS

Welcome to our dedicated news page for Kirby (Ticker: KEX), a resource for investors and traders seeking the latest updates and insights on Kirby.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kirby's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kirby's position in the market.

News
Kirby Corporation Announces 2024 First Quarter Results
Rhea-AI Summary
Kirby (KEX) reported strong first-quarter 2024 results with earnings per share of $1.19, representing a significant increase from the previous year. The inland marine segment saw improved market conditions, while coastal operations also showed positive growth. Kirby's focus on power generation at KDS paid off, constituting a significant portion of revenues. The company's strategic acquisitions and share repurchases reflect confidence in future performance. The appointment of Christian O'Neil as President and COO signals stability and experience in leadership. With a solid balance sheet and favorable outlook, Kirby expects to see continued growth and financial improvement throughout 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.99%
Tags
earnings
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News
Kirby Corporation Announces Date for 2024 First Quarter Earnings Release and Earnings Webcast
Rhea-AI Summary
Kirby (KEX) to announce 2024 first quarter results with an earnings conference call. Kirby is a leading domestic tank barge operator based in Houston, Texas, transporting various liquid and dry-bulk products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
Tags
earnings
-
News
Kirby Corporation to Present at the Stifel 2024 Transportation and Logistics Conference
Rhea-AI Summary
Kirby Corporation to Present at Stifel 2024 Transportation & Logistics Conference. Kirby, the largest domestic tank barge operator, will have its President and CEO, David Grzebinski, and EVP of Finance and CFO, Raj Kumar, present at the conference in Miami, FL on February 13, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences
News
Kirby Corporation Announces 2023 Fourth Quarter and Full Year Results
Rhea-AI Summary
Kirby Corporation (KEX) reported 2023 fourth quarter earnings per share of $1.04 and full-year earnings per share of $3.72. Inland marine experienced strong market conditions with a sequential increase in spot market prices and high-teens operating margins. Distribution and services revenue was up sequentially and year-over-year despite supply chain delays. Kirby repurchased over 2 million shares in 2023. 2024 expected earnings growth is 30% to 40% year-over-year, with projected cash flow from operations of $600 million to $700 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.75%
Tags
none
-
News
Kirby Corporation Announces Date for 2023 Fourth Quarter Earnings Release and Earnings Webcast
Rhea-AI Summary
Kirby Corporation (NYSE: KEX) to Announce 2023 Fourth Quarter Results and Earnings Conference Call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
Tags
earnings
-
News
Kirby Corporation to Present at the Stephens NASH2023 Investment Conference
Rhea-AI Summary
Kirby Corporation (KEX) to present at the Stephens NASH2023 Investment Conference on November 14, 2023. The presentation will feature Executive Vice President and CFO Raj Kumar and VP IR & Treasurer Kurt Niemietz. The webcast link for the event is available on Kirby's website. Kirby Corporation is the largest domestic tank barge operator in the US, transporting various liquid and dry-bulk products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
Tags
conferences
News
Kirby Corporation Announces 2023 Third Quarter Results
Rhea-AI Summary
Kirby Corporation announces third quarter 2023 earnings per share of $1.05, a 62% YoY increase. Inland marine experiences strong market conditions with sequential increase in spot market prices and high-teens operating margins. Distribution and services operating income improves 49% YoY. Kirby repurchases 290,255 shares at an average price of $80.31 for $23.3 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.57%
Tags
earnings
-
News
Kirby Corporation Announces Date For 2023 Third Quarter Earnings Release And Earnings Webcast
Rhea-AI Summary
Kirby Corporation will announce its 2023 third quarter results on October 26, 2023. They are the nation's largest domestic tank barge operator and also provide after-market service and equipment rental. No concrete financial information or business takes were provided in the PR.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
Tags
earnings
-
News
Nation’s First Plug-in Hybrid Electric Inland Towing Vessel Christened in Houston
Rhea-AI Summary
Kirby Inland Marine christened the GREEN DIAMOND, the first plug-in hybrid electric inland towing vessel. Shell Trading (US) Company will time charter the vessel. The vessel's battery system can be charged using renewable energy certificates. The vessel is expected to reduce fuel use by almost 80% and emissions by 88-95%. The boat is estimated to have a 27% reduction in emissions compared to a conventional towing vessel in hybrid mode. Kirby plans to build follow-on vessels. Stewart & Stevenson's power management system enables seamless operation on battery power and charging while on dock. The GREEN DIAMOND is expected to be a fixture in the Port of Houston. Kirby's forward-looking statements mention various factors that could affect results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.49%
Tags
none
News
Boat Christening Ceremony to Celebrate Nation’s First Plug-In Hybrid Inland Towing Vessel
Rhea-AI Summary
Kirby Corporation welcomes the nation's first battery-electric plug-in hybrid inland towing vessel to its fleet, achieving an estimated 80% reduction in fuel use and related emissions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.31%
Tags
none
Stock KEX logo
Kirby Corp.

NYSE:KEX

KEX Rankings

#1036 Ranked by Market Cap
#1483 Ranked by Stock Gains
N/A Ranked by Dividends

KEX Stock Data

5.72B
59.42M
0.92%
98.47%
1.88%
Inland Water Freight Transportation
Transportation and Warehousing
Link
US
Houston

About KEX

Kirby Corporation, headquartered in Houston, Texas is the largest tank barge operator in the United States, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, along all three U.S. Coasts, and in Alaska and Hawaii.