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 (NYSE: KEX) is a Houston, Texas-based company recognized in its public disclosures as the nation’s largest domestic tank barge operator, with additional activities in distribution, services, and specialized equipment for industrial markets. The KEX news page on Stock Titan aggregates company press releases and market updates so readers can follow how Kirby’s marine transportation and industrial services businesses are evolving over time.
According to recent announcements, Kirby regularly issues quarterly earnings results and earnings release schedules, often accompanied by conference call webcasts. These updates include commentary on marine transportation performance, barge utilization, pricing trends in inland and coastal markets, and demand conditions in petrochemicals, refined products, agricultural chemicals, and dry-bulk coastwise trade.
News from Kirby also covers developments in its distribution and services segment, including power generation projects for data centers and industrial customers, commercial and industrial marine repair activity, on-highway service trends, and oil and gas market dynamics such as demand for pressure pumping and electric fracturing equipment. Press releases frequently discuss segment revenues, operating margins, backlog trends, and the impact of supply conditions and customer capital spending.
Investors can also find updates on capital allocation decisions, such as share repurchase authorizations and stock buyback activity, as well as commentary on free cash flow, capital expenditures for marine maintenance and growth projects, and debt reduction. Kirby’s news often includes forward-looking statements about expected barge utilization, pricing, and demand across its end markets, together with management’s discussion of risks such as weather, navigational conditions, and broader economic factors.
By reviewing the KEX news feed, readers gain a consolidated view of Kirby’s operating trends in inland and coastal marine transportation, power generation, commercial and industrial services, and oil and gas equipment, along with management’s outlook and strategic priorities as disclosed in company communications.
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.
Kirby Corporation (KEX) reported a fourth quarter 2021 net earnings of $11.0 million, or $0.18 per share, including a $0.09 one-time tax provision. Adjusted earnings were $0.27 per share. Consolidated revenues rose to $591.3 million, up from $489.8 million a year earlier. The full year net loss was $247 million, but adjusted earnings for 2021 were $33.7 million, down from $110 million in 2020. The company anticipates improved performance in 2022, projecting cash flow from operations of $400 million to $480 million. Challenges included supply chain delays and adverse weather impacts.
Kirby Corporation (KEX) will release its fourth-quarter 2021 results on January 27, 2022, at 6:00 a.m. CST, followed by a conference call at 7:30 a.m. CST. Investors can access the earnings call via Kirby's website or by phone. Kirby is the largest tank barge operator in the U.S., transporting a range of liquids across various waterways and providing equipment rental and after-market services. Financial details will be available through a press release on their site.
Kirby Corporation (NYSE: KEX) will participate in a fireside chat at the Stephens NASH2021 Investment Conference on December 1, 2021, at 4:00 p.m. Eastern in Nashville, Tennessee. Key presenters include David Grzebinski, President and CEO, and Raj Kumar, Executive Vice President and CFO, moderated by Jack Atkins, Managing Director at Stephens. The presentation will be publicly accessible via a webcast, with a replay available for 30 days.
Kirby Corporation (KEX) reported a third-quarter 2021 net loss of $264.7 million, or $(4.41) per share, impacted by a noncash impairment charge of $340.7 million. Adjusted EPS stood at $0.17, with revenues rising to $598.9 million, up from $496.6 million in Q3 2020. Hurricane Ida was estimated to have reduced earnings by $0.08 per share. However, marine transportation showed improvement in October, with barge utilization improving to the high 80% range. The company generated $83 million in net cash from operations and $49 million in free cash flow.
Kirby Corporation (NYSE: KEX) announced the appointment of Raj Kumar as Executive Vice President and Chief Financial Officer, effective November 2021. Kumar succeeds Bill Harvey, who will retire early next year after ensuring a smooth transition. Currently CFO at Dril-Quip, Inc., Kumar has a robust background in corporate finance and leadership roles at various companies, including LyondellBasell and FMC Technologies. Kirby's President, David Grzebinski, expressed confidence in Kumar's capabilities to enhance the company's financial strategies and operations, following Harvey's significant contributions to Kirby's key acquisitions.
Kirby Corporation (KEX) will release its 2021 third quarter results on October 28, 2021, 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. The financial details will be published in a press release and a Form 8-K prior to the call. Kirby is the largest domestic tank barge operator in the U.S., transporting bulk liquids and providing after-market services and equipment rentals in various industrial markets.