Kirby (KEX) reported $824.39 million in revenue for the quarter ended June 2024, representing a year-overyear increase of 6.1%. EPS of $1.43 for the same period compares to $0.95 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $821.73 million, representing a surprise of +0.32%. The company delivered an EPS surprise of +8.33%, with the consensus EPS estimate being $1.32. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

2Q 2024 Earnings Conference Call August 1, 2024 Disclosures Forward Looking Statements Statements contained in this conference call with respect to the future are forward-looking statements. These statements reflect management's reasonable judgment with respect to future events. Forward-looking statements involve risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors, including adverse economic conditions, industry competition and other competit ...

Kirby (KEX) came out with quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.32 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this barge operator would post earnings of $0.97 per share when it actually produced earnings of $1.19, delivering a surprise of 22.68%. Over the last four quarters, the company has ...

Second quarter 2024 earnings per share of $1.43 Continued strong market conditions in inland marine with a sequential increase in spot market prices and operating margins in the low 20% range Continued strong market conditions in coastal marine with operating margins improving to the low teens range Kirby repurchased 372,265 shares at an average price of $117.33 for $43.7 million in the 2024 second quarter Closed previously announced acquisition of 13 barges, including three specialty barges, and two high h ...

Kirby (KEX) shares soared 4.7% in the last trading session to close at $129.59. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.3% gain over the past four weeks. Shares of Kirby have gained 65% year to date driven by the improving sentiment pertaining to the capesize market. In fact, this year the capesize market has undergone the strongest first quarter since 2011. The current northward movement of the Baltic Dry Index is owin ...

[Click here to learn more about the class action] The lawsuit alleges that Lamb Weston made numerous material misrepresentations and omissions regarding the design and implementation of Lamb Weston's new ERP system. Specifically, throughout the Class Period, the Company represented that, through the design of the Company's new ERP system, Lamb Weston had "strengthen[ed] [its] operational infrastructure." The Company also downplayed any issues it experienced with the implementation of the system as merely "u ...

In the prevalent scenario, we believe that investors would do well to keep a tab on Kirby Corporation (KEX) , Golar LNG (GLNG) and Costamare (CMRE) . Red Sea Tensions Boost Freight Rates: The attacks by Yemen's Houthi militants on vessels in the Red Sea have disrupted maritime trade. As a result, many shipping companies have hit the pause button as far as transit through this route is concerned. Keeping the safety of their crew in mind, they are adopting the longer and costlier route around the Cape of Good ...

HOUSTON, June 28, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2024 second quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Thursday, August 1, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. The financial and other information to be discussed in the conference call will be available in the 2024 second quarter press release and in a Form 8-K to be posted prior to the call on Kirby's website at www.kirbycorp. ...

HOUSTON, June 28, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2024 second quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Thursday, August 1, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. The financial and other information to be discussed in the conference call will be available in the 2024 second quarter press release and in a Form 8-K to be posted prior to the call on Kirby's website at www.kirbycorp. ...

Image Source: Zacks Investment Research Solid Zacks Rank: Kirby presently sports a Zacks Rank #1 (Strong Buy). Our research shows that stocks with a Zacks Rank #1 or 2 (Buy) offer the best investment opportunities. Thus, the company is a compelling investment proposition at the moment. Positive Earnings Surprise History: Kirby has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 10.2 ...