Here's Why You Should Hold on to Kirby (KEX) Stock Now
Kirby(KEX) Zacks Investment Research·2024-03-04 15:46Kirby Corporation’s (KEX) prospects are being aided by robust top-line expansion, driven by increased demand in the distribution and services segment. The buoyant market conditions support the marine transportation unit’s performance. However, the coastal market's weakness and elevated capital costs could be concerning.Factors Favoring KEXReflecting the strong performance of the distribution and services segment, Kirby's fourth-quarter 2023 segmental revenues rose by 12.7% to $346.6 million, driven by incre ...