The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Kirby (KEX) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question. Kirby is a member of the Transportation sector. This group includes 135 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank gauges th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 or Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-7615 KIRBY CORPORATION (Exact name of registrant as specified in its charter) Nevada 74-1884980 (State or other jurisdiction of incorporation or ...

Kirby Corporation (KEX) reported second-quarter 2024 earnings of $1.43 per share, which beat the Zacks Consensus Estimate of $1.32 and improved 50.5% year over year. Total revenues of $824.4 million surpassed the Zacks Consensus Estimate of $821.7 million and improved 6.1% year over year. Total costs and expenses (on a reported basis) grew 2% year over year to $703.89million. Segmental Performance The company operates via two segments, namely, marine transportation, and distribution and services. Revenues i ...

Kirby Corporation (NYSE:KEX) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Kurt Niemietz - VP, IR & Treasurer David Grzebinski - President & CEO Raj Kumar - EVP & CFO Christian O'Neil - President & COO Conference Call Participants Greg Lewis - BTIG Ben Nolan - Stifel Joe Enderlin - Stephens Greg Wasikowski - Webber Research & Advisory Ken Hoexter - BofA Scott Group - Wolfe Research Operator Good day, and thank you for standing by. Welcome to the Kirby Corporation 2024 Secon ...

Exhibit 99.1 KIRBY CORPORATION Contact: Kurt Niemietz 713-435-1077 FOR IMMEDIATE RELEASE KIRBY CORPORATION ANNOUNCES 2024 SECOND QUARTER RESULTS • 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 $1 ...

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 ...