David Grzebinski Archives - Maritime Shipping News

Kirby Corporation reports increased earnings

27 October 2023

America’s largest tank barge operator, Houston-headquartered Kirby Corporation (NYSE: KEX), has reported net earnings for the quarter ended September 30, 2023 of $63.0 million or $1.05 per share. That’s up on its earnings of $39.1 million or $0.65 per share for the 2022 third quarter. Consolidated revenues for the 2023 third quarter were $764.8 million compared with $745.8 million reported for the 2022 third quarter.

These figures were slightly below analysts expectations, and Zacks Equity...

https://www.marinelog.com/inland-coastal/kirby-corporation-reports-increased-earnings/

Kirby reports increased earnings

28 July 2022

Houston-headquartered Kirby Corporation (NYSE: KEX) today reported net earnings for second quarter ended June 30, 2022, of $28.5 million or $0.47 per share, compared with earnings of $10.2 million, or $0.17 per share for the 2021 second quarter.

Excluding one-time non-recurring items in the 2022 second quarter, net earnings were $29.8 million or $0.49 per share. Consolidated revenues for the 2022 second quarter were $698.0 million compared with $559.6 million reported for the 2021 second...

https://www.marinelog.com/inland-coastal/inland/kirby-reports-increased-earnings/

Kirby reports profitable first quarter

28 April 2022

Houston-headquartered Kirby Corporation (NYSE: KEX) today announced results for the first quarter ended March 31, 2022, Earnings in the quarter were $17.4 million or $0.29 per share, compared with a loss of $3.4 million, or $0.06 per share for the 2021 first quarter. Consolidated revenues were $610.8 million compared with $496.9 million in the 2021 first quarter.

“Kirby’s businesses continued to gain momentum with improved market conditions and increased demand, delivering sequential and...

https://www.marinelog.com/inland-coastal/kirby-reports-profitable-first-quarter/

Kirby implements coronavirus response plan

23 March 2020

Kirby Corp., the nation’s largest inland and coastal tank barge line, has implemented an emergency plan to with deal the coronavirus crisis.

The Houston-based operator says its inland barge business is well-positioned financially to weather economic shocks caused by the pandemic.

Seeking to soothe concerns of investors, CEO and President David Grzebinski said during a webcast on Monday that “Kirby has extensive well-planned and detailed response plans for events such as waterway emergencies,...

https://www.workboat.com/news/coastal-inland-waterways/kirby-implements-coronavirus-response-plan/

Kirby to purchase Savage Inland Marine, announces quarterly results

30 January 2020

Kirby Corp. announced today net earnings for the fourth quarter ended Dec. 31, 2019 of $2.8 million or five cents a share, compared with a net loss of $24.4 million or 41 cents a share for the 2018 fourth quarter. The Houston-based tank barge operator also announced that it has agreed to purchase the inland tank barge fleet of Savage Inland Marine for approximately $278 million.

Excluding one-time charges, 2019 fourth quarter net earnings were $34.5 million or 58 cents per share, compared with...

https://www.workboat.com/news/coastal-inland-waterways/kirby-to-purchase-savage-inland-marine-announces-quarterly-results/

Kirby reports strong third-quarter earnings

29 October 2019

The end of record-breaking floods in August returned operations back to normal on the inland rivers and helped increase profitability at Kirby Corp., the nation’s largest tank barge operator, which posted strong third-quarter results.

In its third-quarter earnings release Friday, the Houston-based operator cited several factors for the positive financial report: favorable summer weather, receding floodwaters that produced fewer barging delays, cuts in its manufacturing workforce due to a...

https://www.workboat.com/news/coastal-inland-waterways/kirby-reports-strong-third-quarter-earnings/