Financial Performance - Full year sales increased by 15.5% year-over-year to $340.7 million[8] - Organic sales increased by 1.0% year-over-year[8] - EBITDA was $19.0 million, including currency translation loss, stock-based compensation, and other items[8] - Operating Cash Flow reached $24.0 million[8] - Free cash flow amounted to $8.8 million[8] - The company's six-month backlog was $150.5 million, showing sequential growth[8] - Net debt to EBITDA leverage ratio increased from 0.2x in FY24 to 0.8x in FY25, primarily due to the acquisition of Kobelt[45, 46] Market and Strategic Highlights - Defense backlog increased by 45% year-over-year as a percentage of total major geographies backlog[11] - Defense accounts for approximately 15% of the total backlog[11] - Industrial sales increased by 82.0% year-over-year[23] - Industrial sales excluding Katsa and Kobelt increased 13.1% year-over-year[23]

Company Overview - In 2024, Marine Transportation accounted for 59% of Kirby's revenues, totaling $1.913 billion[5] - Distribution and Services contributed 41% of the 2024 revenues, amounting to $1.353 billion[7] - As of March 31, 2025, Kirby's market capitalization stood at $5.889 billion, with net debt at $1.047 billion, resulting in an enterprise value of $6.936 billion[13] Marine Transportation - Kirby's inland share of the barge market is 28% as of March 31, 2025[48] - Petrochemicals and Chemicals account for 50% of Marine Transportation revenue, followed by Black Oil at 25%, Refined Petroleum Products at 22%, and Agricultural Chemicals at 3%[49] - The inland tank barge fleet has grown annually at approximately 2% over the last 20 years but has remained flat over the last 5 years[59] - In 2024, Kirby achieved 99.95% Safe Watches[40] Distribution & Services - Power Generation accounts for 34% of Distribution & Services segment revenues, while Commercial & Industrial contributes 52%, and Oil & Gas accounts for 14%[93, 95] - Power Generation is expected to be approximately 40% of the segment revenues in 2025[122] - Commercial and industrial is expected to be approximately 40-45% of the segment revenues in 2025[122] - Oil and gas is expected to be approximately 15-20% of the segment revenues in 2025[122] Financial Performance - In Q1 2025, Kirby's revenues were $785.7 million, a 3% decrease compared to $808.0 million in Q1 2024[113] - Q1 2025 earnings per share were $1.33, a 12% increase compared to $1.19 in Q1 2024[113]

Acquisition of Dana Off-Highway Business June 11, 2025 Dave Graziosi, Chair & CEO Fred Bohley, COO Scott Mell, CFO & Treasurer 1 Safe Harbor Statement The following information contains, or may be deemed to contain, "forward-looking statements" (as defined in the U.S. Private Securities Litigation Reform Act of 1995). The words "believe," "expect," "anticipate," "intend," "estimate," "will" and other expressions that are predictions of or indicate future events and trends and that do not relate to historica ...

Group 1 - President Trump announced a 25% tariff on all cars not made in the United States, effective April 2, impacting the auto industry significantly [2][4] - General Motors stock fell approximately 6% in early trading, while Stellantis decreased by over 1%, while Tesla saw a slight increase and Ford's shares remained stable [2][3] - Deutsche Bank analysts indicated that Tesla and Ford are relatively insulated from the tariffs due to their vehicle assembly locations, whereas GM has the highest exposure to Mexico [3] Group 2 - The tariffs will apply to imported passenger vehicles, light trucks, and essential automobile parts such as engines and transmissions [4]