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 (KEX) reported second quarter 2021 net earnings of $10.2 million ($0.17 per share), down from $25 million ($0.42 per share) in 2020. Revenue increased to $559.6 million from $541.2 million year-over-year. Marine transportation saw a 13% sequential revenue increase, driven by improved barge utilization in the low to mid-80% range and better spot market pricing. Distribution and services significantly improved, generating higher revenue and operating income. Free cash flow for 2021 is projected between $250 million and $310 million.
Kirby Corporation (KEX) has appointed Shawn D. Williams as an independent member of its Board of Directors effective July 27, 2021. Mr. Williams brings extensive experience from the chemicals industry, having held leadership positions at companies like Covia Holdings and Nexeo Plastics. His background includes significant roles in industrial and material businesses, including a long tenure at General Electric. Kirby's CEO, David Grzebinski, expressed confidence in Mr. Williams' potential contributions to the company’s strategic future.
Kirby Corporation (KEX) will announce its 2021 second quarter results on July 29, 2021, at 6:00 a.m. CDT, followed by a webcast earnings call at 7:30 a.m. CDT. Investors can access the call via phone or through Kirby's website. Kirby is the largest domestic tank barge operator in the U.S., transporting bulk liquids and offering after-market services for various industrial applications. The financial details will be included in the upcoming press release and Form 8-K, available on Kirby's website.
Kirby Corporation reported a net loss of $3.4 million, or $0.06 per share, for Q1 2021, significantly better than a loss of $347.2 million, or $5.80 per share, from Q1 2020. Revenue fell to $496.9 million from $643.9 million year-over-year. The downturn was attributed to COVID-19 impacts and Winter Storm Uri, which reduced liquids production and volumes. However, barge utilization in the inland marine sector began recovering, reaching the low to mid-80% range, with expectations of further improvement. Free cash flow for 2021 is projected between $230 and $310 million.
Kirby Corporation (NYSE: KEX) will report its 2021 first quarter results on April 29, 2021, at 6:00 a.m. CDT. Following the announcement, there will be a webcast earnings conference call at 7:30 a.m. CDT. Interested investors can access the call via the Investor Relations section of Kirby’s website or join the Q&A session by dialing in. A replay of the call will be available for one year on the same site.
Kirby Corporation (KEX) announced its fourth quarter 2020 earnings report, revealing net earnings of $22.2 million ($0.37 per share), a significant rise from $2.8 million ($0.05 per share) in Q4 2019. However, the full year saw a net loss of $272.5 million ($4.55 per share) compared to a profit of $142.3 million ($2.37 per share) in 2019. Revenue for Q4 2020 was $489.8 million, down from $655.9 million in Q4 2019. The company anticipates gradual improvement in marine transportation demand beginning in Q2 2021, with projected free cash flow between $230 million and $330 million for the year.
Kirby Corporation (KEX) is set to release its 2020 fourth quarter and full year results on January 28, 2021, at 6:00 a.m. CST. An earnings conference call will follow at 7:30 a.m. CST, which will be available via webcast on Kirby’s website. The call will include financial discussions, with details to be published in a Form 8-K prior to the call. Kirby operates the largest domestic tank barge fleet, transporting various bulk liquid products across the U.S.
Kirby Corporation (KEX) reported Q3 2020 earnings of $0.46 per share, down from $0.80 in Q3 2019. Total revenues fell to $496.6 million, compared to $666.8 million last year. Strong cash flow from operations was evident with $118 million generated, alongside an expected FY2020 free cash flow of $300 to $350 million. The company's marine transportation segment faced challenges due to low demand and hurricanes, contributing to reduced barge utilization. Despite improving activity in distribution and services, overall revenues dropped significantly, and the outlook remains cautious amid ongoing economic uncertainty.
Kirby Corporation (KEX) will announce its 2020 third quarter results on October 29, 2020, at 6:00 a.m. CDT. A conference call will follow at 7:30 a.m. CDT, accessible via its Investor Relations website. The Q3 press release and a Form 8-K will be posted before the call. Kirby is the largest domestic tank barge operator in the U.S., transporting various bulk liquid products and participating in the transportation of dry-bulk commodities. Additionally, it offers aftermarket services for industrial equipment and rents out essential machinery.
Kirby Corporation (NYSE: KEX) announced that its subsidiary, Stewart & Stevenson Healthcare Technologies, received emergency use authorization from the FDA for the Apollo ABVM device during the COVID-19 pandemic. This device is designed for patients requiring mechanical ventilation in emergency situations when traditional ventilators are unavailable. The device can operate a common bag valve mask and is set for high-volume production, with manufacturing facilities located in Oklahoma City and Houston. This authorization marks a significant milestone for the Apollo ABVM program.
