Kirby Stock Price, News & Analysis

Kirby Corporation (NYSE: KEX) is set to announce its 2022 fourth quarter results on January 31, 2023, at 6:00 a.m. CDT, with a follow-up earnings conference call at 7:30 a.m. CDT. The press release, along with a Form 8-K, will be available on the company's website before the call. Kirby is a leader in domestic tank barge operations, transporting bulk liquids and providing specialized services and equipment for various industries, including oilfield services, marine, and power generation.

Kirby Corporation (NYSE: KEX) will present at the Stephens NASH2022 Investment Conference on November 16, 2022. The presentation is scheduled for 10:00 a.m. Eastern and will feature Raj Kumar, Executive Vice President and CFO, alongside Kurt Niemietz, VP IR & Treasurer. The conference takes place in Nashville, Tennessee, and attendees can access a live audio webcast of the presentation at Kirby's website.

Kirby is the largest U.S. tank barge operator, transporting various liquid products.

Kirby Corporation (KEX) reported a strong third quarter 2022, achieving net earnings of $39.1 million, or $0.65 per share, reversing a loss of $264.7 million in the same period last year. Total revenues increased by 25% to $745.8 million, driven by growth in both marine transportation and distribution services. Inland marine revenues rose 35%, supported by improved barge utilization and pricing. The distribution segment also saw revenue gains despite supply chain issues. The company anticipates further growth in 2023, while acknowledging potential near-term headwinds from weather and inflation.

Kirby Corporation (KEX) will release its 2022 third quarter results on October 24, 2022, at 6:00 a.m. CDT, followed by an earnings call at 7:30 a.m. CDT. Interested parties can pre-register for the Q&A session via telephone and access the webcast on Kirby's Investor Relations website. Kirby is the largest domestic tank barge operator in the U.S., transporting various bulk liquid products across major waterways. The upcoming announcement will include financial information also available in a Form 8-K prior to the call.

Kirby Corporation (KEX) reported Q2 2022 net earnings of $28.5 million ($0.47/share), rising from $10.2 million ($0.17/share) in Q2 2021. Excluding non-recurring items, earnings were $29.8 million ($0.49/share). Revenue increased to $698 million from $559.6 million YoY. Inland marine transportation showed a 14% sequential revenue rise, driven by higher pricing. Coastal marine achieved profitability with low single-digit margins. Kirby repurchased shares worth $18.1 million. Looking ahead, Kirby anticipates further growth in marine transportation and distribution for H2 2022, despite supply chain constraints.

Kirby Corporation (NYSE: KEX) will announce its 2022 second quarter results on July 28, 2022, at 6:00 a.m. CDT. Following this announcement, an earnings conference call will take place at 7:30 a.m. CDT, accessible through the Investor Relations section of Kirby's website. The financial information to be discussed will also be available in a press release and Form 8-K prior to the call. Kirby is a leading tank barge operator in the U.S., transporting various bulk liquid products and offering services in equipment rental and manufacturing.

Kirby Corporation (KEX) reported a net earnings growth in Q1 2022, achieving $17.4 million or $0.29 per share, compared to a loss of $3.4 million in Q1 2021. Revenues rose to $610.8 million, up from $496.9 million YoY. Despite challenges from the COVID-19 Omicron variant, inland marine conditions improved significantly in March, raising barge utilization above 90%. However, coastal marine faced reduced revenues from exiting Hawaii and coal shipment declines. The company forecasts continued revenue growth for the year, supported by strong demand in distribution and services, though supply chain issues linger.

Kirby Corporation (NYSE: KEX) will release its 2022 first quarter results on April 28, 2022, at 6:00 a.m. CDT. An earnings conference call will follow at 7:30 a.m. CDT, accessible via Kirby's Investor Relations website. Kirby, based in Houston, Texas, is the largest domestic tank barge operator in the U.S., specializing in transporting bulk liquids and providing aftermarket services in various industrial applications. The upcoming call will discuss financial details and future outlooks, providing insights for investors.

Kirby Corporation (NYSE: KEX) announced a significant 20-year commercial agreement for its Kirby Offshore Wind subsidiary to provide barge services for offshore wind projects to Maersk Supply Service, chosen by Empire Offshore Wind. Kirby will invest $80 million to $100 million in two new feeder barges and hybrid tugboats, enhancing its renewable energy capabilities. The project is expected to create jobs and utilize U.S. shipyards. Operations are projected to start in late 2025 or early 2026, marking Kirby's strategic entry into the U.S. offshore wind market.