Kirby Approves $8 Million Buyback Program: Will it Aid the Bottom Line?

Key Takeaways KEX has approved a stock repurchase authorization of up to an additional $8 million shares of common stock.Such shareholder-friendly moves boost investor confidence and positively impact the stock's bottom line.In 2024, Kirby generated $413.8 million in free cash flow compared with $138.5 million generated in 2023.In a shareholder-friendly move, Kirby Corporation’s (KEX) board of directors has announced a stock repurchase authorization of up to an additional $8 million shares of common stock. ...