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Stock impact report

Kirby Corporation Announces 2023 Fourth Quarter and Full Year Results

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
2023 fourth quarter and full year earnings per share of $1.04 and $3.72, respectivelyInland marine experienced strong market conditions with a sequential increase in spot market prices and high-teens operating margins despite an increase in delay daysDistribution and services revenue up sequentially and year-over-year despite supply chain delaysKirby repurchased 673,279 shares at an average price of $77.08 for $51.9 million in the 2023 fourth quarter and 1,485,159 at an average price of $75.95 for $112.8 million for the full year2024 expected earnings growth of 30% to 40% year-over-year2024 projected cash flow from operations of $600 million to $700 million HOUSTON, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation (“Kirby”) (NYSE: KEX) today announced net earnings attributable to Kirby for the fourth quarter ended December 31, 2023, of $61.9 million or $1.04 per share, compared with earnings of $37.3 million, or $0.62 per share for the 2022 fourth quarter. Excluding one-time cha Show less Read more
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