Welcome to our dedicated page for Kirby news (Ticker: KEX), a resource for investors and traders seeking the latest updates and insights on Kirby stock.
Kirby Corporation (KEX) maintains industry leadership in marine transportation and bulk liquid cargo solutions across major U.S. waterways. This dedicated news hub provides investors and stakeholders with essential updates on operational developments, strategic initiatives, and market positioning.
Access authoritative information spanning earnings reports, fleet expansions, regulatory compliance updates, and partnership announcements. Our curated collection ensures timely access to press releases and verified news affecting KEX's marine transportation segment and distribution services division.
Key coverage areas: quarterly financial results, coastal route optimizations, environmental initiatives, and technological advancements in barge operations. Bookmark this page for streamlined monitoring of KEX's performance in petrochemical logistics and industrial equipment support services.
Kirby (NYSE: KEX) reported strong Q2 2024 results with earnings per share of $1.43, up from $0.95 in Q2 2023. Consolidated revenues reached $824.4 million, a 6% increase year-over-year. The company saw continued strong market conditions in both inland and coastal marine transportation, with inland operating margins in the low 20% range and coastal margins improving to the low teens. Kirby's distribution and services segment showed stable demand across markets. The company repurchased 372,265 shares for $43.7 million and closed an acquisition of 13 barges and two high horsepower boats. Kirby expects continued growth, projecting full-year inland revenues to increase by high single to low double digits and coastal revenues to grow in the low double to mid-teens range.
Kirby (NYSE: KEX) will announce its 2024 second quarter financial results on August 1, 2024, at 6:00 a.m. CDT, following which a webcast and earnings conference call will be held at 7:30 a.m. CDT. Interested parties can pre-register for the call to participate in the Q&A session. The webcast will be accessible via the Investor Relations section of Kirby’s website, where it will be available for one year. The financial details will be released in a press release and Form 8-K prior to the call. Kirby, based in Houston, Texas, is the largest U.S. tank barge operator, transporting bulk liquid products and dry-bulk commodities. They also provide aftermarket services and parts for various industrial applications and rent equipment used in diverse markets.
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