Kirby Corporation Announces Board Approval for Authorization to Repurchase Up to Eight Million Shares

Group 1 - Kirby Corporation's Board of Directors has approved a new share repurchase authorization for up to eight million additional shares of common stock, reflecting confidence in the company's operational execution and sustainable free cash flow generation [1][2] - The new authorization is in addition to a previously announced five million share repurchase authorization, with approximately 0.8 million shares remaining available for repurchase as of September 5, 2025, bringing the total authorized for repurchase to approximately 8.8 million shares [2] - CEO David Grzebinski stated that the additional share repurchase authorization reflects confidence in the company's earnings power and commitment to returning free cash flow to shareholders over time [3] Group 2 - The Board's authorization allows the company to purchase its common stock through various means, including open market purchases and privately negotiated transactions, with no expiration date on the authorization [3] - Kirby Corporation is the largest domestic tank barge operator in the U.S., transporting bulk liquid products across various waterways and providing after-market services and equipment rentals for industrial applications [5]