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Stock impact report

Kirby Corporation Announces 2020 First Quarter Results and Impact of COVID-19 on Business Operations

Kirby Corporation (KEX) 
Last kirby corporation earnings: 1/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: kirbycorp.com/investor-relations
Company Research Source: GlobeNewswire
First quarter 2020 GAAP loss per share of ($4.15), or earnings per share of $0.59 excluding one-time items of ($4.74) per share One-time items include asset impairments in distribution and services of ($5.59) per share, partially offset by a one-time tax benefit of $0.85 per share Barge markets were strong with high utilization rates in the first quarter Distribution and services oil and gas related activity declined sharply with oil prices Full year 2020 earnings per share guidance withdrawn HOUSTON, May 05, 2020 (GLOBE NEWSWIRE) -- Kirby Corporation (“Kirby” or the “Company”) (NYSE: KEX) today announced a net loss attributable to Kirby for the first quarter ended March 31, 2020 of ($248.5) million, or ($4.15) per share, compared with earnings of $44.3 million or $0.74 per share for the 2019 first quarter. Excluding one-time items in the 2020 first quarter, net earnings attributable to Kirby were $35.3 million or $0.59 per share. Consolidated revenues for the 2020 first quarter w Show less Read more
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