Welcome to our dedicated page for Kirby news (Ticker: KEX), a resource for investors and traders seeking the latest updates and insights on Kirby stock.
Kirby Corporation (KEX) maintains industry leadership in marine transportation and bulk liquid cargo solutions across major U.S. waterways. This dedicated news hub provides investors and stakeholders with essential updates on operational developments, strategic initiatives, and market positioning.
Access authoritative information spanning earnings reports, fleet expansions, regulatory compliance updates, and partnership announcements. Our curated collection ensures timely access to press releases and verified news affecting KEX's marine transportation segment and distribution services division.
Key coverage areas: quarterly financial results, coastal route optimizations, environmental initiatives, and technological advancements in barge operations. Bookmark this page for streamlined monitoring of KEX's performance in petrochemical logistics and industrial equipment support services.
Kirby Corporation (NYSE: KEX) will announce its 2022 second quarter results on July 28, 2022, at 6:00 a.m. CDT. Following this announcement, an earnings conference call will take place at 7:30 a.m. CDT, accessible through the Investor Relations section of Kirby's website. The financial information to be discussed will also be available in a press release and Form 8-K prior to the call. Kirby is a leading tank barge operator in the U.S., transporting various bulk liquid products and offering services in equipment rental and manufacturing.
Kirby Corporation (KEX) reported a net earnings growth in Q1 2022, achieving $17.4 million or $0.29 per share, compared to a loss of $3.4 million in Q1 2021. Revenues rose to $610.8 million, up from $496.9 million YoY. Despite challenges from the COVID-19 Omicron variant, inland marine conditions improved significantly in March, raising barge utilization above 90%. However, coastal marine faced reduced revenues from exiting Hawaii and coal shipment declines. The company forecasts continued revenue growth for the year, supported by strong demand in distribution and services, though supply chain issues linger.
Kirby Corporation (NYSE: KEX) will release its 2022 first quarter results on April 28, 2022, at 6:00 a.m. CDT. An earnings conference call will follow at 7:30 a.m. CDT, accessible via Kirby's Investor Relations website. Kirby, based in Houston, Texas, is the largest domestic tank barge operator in the U.S., specializing in transporting bulk liquids and providing aftermarket services in various industrial applications. The upcoming call will discuss financial details and future outlooks, providing insights for investors.
Kirby Corporation (NYSE: KEX) announced a significant 20-year commercial agreement for its Kirby Offshore Wind subsidiary to provide barge services for offshore wind projects to Maersk Supply Service, chosen by Empire Offshore Wind. Kirby will invest $80 million to $100 million in two new feeder barges and hybrid tugboats, enhancing its renewable energy capabilities. The project is expected to create jobs and utilize U.S. shipyards. Operations are projected to start in late 2025 or early 2026, marking Kirby's strategic entry into the U.S. offshore wind market.
Kirby Corporation (KEX) reported a fourth quarter 2021 net earnings of $11.0 million, or $0.18 per share, including a $0.09 one-time tax provision. Adjusted earnings were $0.27 per share. Consolidated revenues rose to $591.3 million, up from $489.8 million a year earlier. The full year net loss was $247 million, but adjusted earnings for 2021 were $33.7 million, down from $110 million in 2020. The company anticipates improved performance in 2022, projecting cash flow from operations of $400 million to $480 million. Challenges included supply chain delays and adverse weather impacts.
Kirby Corporation (KEX) will release its fourth-quarter 2021 results on January 27, 2022, at 6:00 a.m. CST, followed by a conference call at 7:30 a.m. CST. Investors can access the earnings call via Kirby's website or by phone. Kirby is the largest tank barge operator in the U.S., transporting a range of liquids across various waterways and providing equipment rental and after-market services. Financial details will be available through a press release on their site.
Kirby Corporation (NYSE: KEX) will participate in a fireside chat at the Stephens NASH2021 Investment Conference on December 1, 2021, at 4:00 p.m. Eastern in Nashville, Tennessee. Key presenters include David Grzebinski, President and CEO, and Raj Kumar, Executive Vice President and CFO, moderated by Jack Atkins, Managing Director at Stephens. The presentation will be publicly accessible via a webcast, with a replay available for 30 days.
Kirby Corporation (KEX) reported a third-quarter 2021 net loss of $264.7 million, or $(4.41) per share, impacted by a noncash impairment charge of $340.7 million. Adjusted EPS stood at $0.17, with revenues rising to $598.9 million, up from $496.6 million in Q3 2020. Hurricane Ida was estimated to have reduced earnings by $0.08 per share. However, marine transportation showed improvement in October, with barge utilization improving to the high 80% range. The company generated $83 million in net cash from operations and $49 million in free cash flow.
Kirby Corporation (NYSE: KEX) announced the appointment of Raj Kumar as Executive Vice President and Chief Financial Officer, effective November 2021. Kumar succeeds Bill Harvey, who will retire early next year after ensuring a smooth transition. Currently CFO at Dril-Quip, Inc., Kumar has a robust background in corporate finance and leadership roles at various companies, including LyondellBasell and FMC Technologies. Kirby's President, David Grzebinski, expressed confidence in Kumar's capabilities to enhance the company's financial strategies and operations, following Harvey's significant contributions to Kirby's key acquisitions.
Kirby Corporation (KEX) will release its 2021 third quarter results on October 28, 2021, at 6:00 a.m. CDT. An earnings conference call will follow at 7:30 a.m. CDT, accessible via Kirby's Investor Relations website. The financial details will be published in a press release and a Form 8-K prior to the call. Kirby is the largest domestic tank barge operator in the U.S., transporting bulk liquids and providing after-market services and equipment rentals in various industrial markets.
