Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii. It also transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barges; and operates offshore dry-bulk barge and tugboat units that are engaged in the offshore transportation of dry-bulk cargoes in the United States coastal trade. As of December 31, 2020, this segment owned and operated 1,066 inland tank barges with 24.1 million barrels of capacity, 248 inland towboats, 44 coastal tank barges with 4.2 million barrels of capacity, 44 coastal tugboats, 4 offshore dry-bulk cargo barges, 4 offshore tugboats, and 1 docking tugboat. The company's Distribution and Services segment sells replacement parts; provides service mechanics to overhaul and repair engines, transmissions, reduction gears, and related oilfield services equipment; rebuilds component parts or diesel engines, transmissions and reduction gears, and related equipment used in oilfield services, marine, power generation, on-highway, and other industrial applications; rents generators, industrial compressors, railcar movers, and high capacity lift trucks; and manufactures and remanufactures oilfield service equipment, including pressure pumping units. It serves oilfield service, on-highway transportation, marine transportation, commercial fishing, construction, and power generation companies, as well as oil and gas operators and producers, and the United States government. The company was formerly known as Kirby Exploration Company, Inc. and changed its name to Kirby Corporation in 1990. Kirby Corporation was founded in 1921 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: kirbycorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/22/2024 | $126.00 | Outperform | Wolfe Research |
| 1/28/2022 | $80.00 | Neutral → Buy | BTIG Research |
| 1/28/2022 | Neutral → Buy | BTIG | |
| 10/28/2021 | $58.00 → $55.00 | Hold | Jefferies |
| 10/12/2021 | $64.00 → $65.00 | Hold → Buy | Stifel |
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Third quarter 2024 earnings per share of $1.55Continued strength in inland marine with a sequential increase in spot market prices and operating margins in the low 20% rangeContinued strong market conditions in coastal marine with operating margins improving to the mid-teens rangeStrong free cash flow generation with over $130 million of free cash flow in the third quarterKirby repurchased 483,335 shares at an average price of $115.46 for $55.8 million in the 2024 third quarter HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced net earnings attributable to Kirby for the third quarter ended September 30, 2024, of $90.0 million or $1.55 per sha
HOUSTON, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2024 third quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Wednesday, October 30, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a
Second quarter 2024 earnings per share of $1.43Continued strong market conditions in inland marine with a sequential increase in spot market prices and operating margins in the low 20% rangeContinued strong market conditions in coastal marine with operating margins improving to the low teens rangeKirby repurchased 372,265 shares at an average price of $117.33 for $43.7 million in the 2024 second quarterClosed previously announced acquisition of 13 barges, including three specialty barges, and two high horsepower boats HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced net earnings attributable to Kirby for the second quarte
HOUSTON, June 28, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2024 second quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Thursday, August 1, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a per
First quarter 2024 earnings per share of $1.19Inland marine experienced strong market conditions with a sequential increase in spot market prices and high-teens operating margins despite a sequential increase in delay daysCoastal operating margins improved to high single to low double-digit rangeBreaking out power generation at KDS as its significance continues to grow, constituting 41% of KDS revenues Kirby repurchased 498,505 shares at an average price of $83.82 for $41.8 million in the 2024 first quarterAcquired 13 barges, including three specialty barges, and two high horsepower boats from undisclosed sellerQuarterly earnings expected to strengthen as the year progresses Appoints Christi
HOUSTON, March 28, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2024 first quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Thursday, April 25, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a per
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 N
HOUSTON, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2023 fourth quarter results at 6:00 a.m. Central Standard Time ("CST") on Thursday, February 1, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CST. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a p
Third quarter 2023 earnings per share of $1.05 increases 62% year-over-year and 11% sequentially Despite the Illinois River closure, inland marine experienced strong market conditions with a sequential increase in spot market prices and high-teens operating margins Distribution and services 2023 third quarter operating income improved 49% year-over-year and 11% sequentially Kirby repurchased 290,255 shares at an average price of $80.31 for $23.3 million HOUSTON, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced net earnings attributable to Kirby for the third quarter ended September 30, 2023 of $63.0 million or $1.05 per share, compared with earnin
HOUSTON, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2023 third quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Thursday, October 26, 2023. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a p
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Third quarter 2024 earnings per share of $1.55Continued strength in inland marine with a sequential increase in spot market prices and operating margins in the low 20% rangeContinued strong market conditions in coastal marine with operating margins improving to the mid-teens rangeStrong free cash flow generation with over $130 million of free cash flow in the third quarterKirby repurchased 483,335 shares at an average price of $115.46 for $55.8 million in the 2024 third quarter HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced net earnings attributable to Kirby for the third quarter ended September 30, 2024, of $90.0 million or $1.55 per sha
HOUSTON, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2024 third quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Wednesday, October 30, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a
Second quarter 2024 earnings per share of $1.43Continued strong market conditions in inland marine with a sequential increase in spot market prices and operating margins in the low 20% rangeContinued strong market conditions in coastal marine with operating margins improving to the low teens rangeKirby repurchased 372,265 shares at an average price of $117.33 for $43.7 million in the 2024 second quarterClosed previously announced acquisition of 13 barges, including three specialty barges, and two high horsepower boats HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced net earnings attributable to Kirby for the second quarte
HOUSTON, June 28, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2024 second quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Thursday, August 1, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a per
First quarter 2024 earnings per share of $1.19Inland marine experienced strong market conditions with a sequential increase in spot market prices and high-teens operating margins despite a sequential increase in delay daysCoastal operating margins improved to high single to low double-digit rangeBreaking out power generation at KDS as its significance continues to grow, constituting 41% of KDS revenues Kirby repurchased 498,505 shares at an average price of $83.82 for $41.8 million in the 2024 first quarterAcquired 13 barges, including three specialty barges, and two high horsepower boats from undisclosed sellerQuarterly earnings expected to strengthen as the year progresses Appoints Christi
HOUSTON, March 28, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2024 first quarter results at 6:00 a.m. Central Daylight Time ("CDT") on Thursday, April 25, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a per
HOUSTON, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) announced today that Kirby will present at the Stifel 2024 Transportation & Logistics Conference on Tuesday, February 13, 2024. Specifics of the conference presentation are as follows: Stifel 2024 Transportation & Logistics Conference Date: Tuesday, February 13, 2024 Time: 9:20 a.m. Eastern / 8:20 a.m. Central Presenters: David Grzebinski, President and CEO Raj Kumar, Executive VP of Finance and CFO Location: Miami, FL Webcast Link: https://wsw.com/webcast/stifel85/kex/1931040 The live audio of the presentation will be broadcast to the public via a webcast with a replay availab
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 N
HOUSTON, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2023 fourth quarter results at 6:00 a.m. Central Standard Time ("CST") on Thursday, February 1, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CST. For listeners who wish to participate in the question and answer session via telephone, please pre-register at Kirby Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing them to access the live call. To listen to the webcast, please visit the Investor Relations section of Kirby's website at www.kirbycorp.com. A replay of the webcast will be available for a p
HOUSTON, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby" or "the Company") (NYSE:KEX) announced today that Kirby will present in a fireside chat at the Stephens NASH2023 Investment Conference on Tuesday, November 14, 2023. Specifics of the conference presentation are as follows: Stephens NASH2023 Investment ConferenceDate:Tuesday, November 14, 2023Time:9:00 a.m. Eastern / 8:00 a.m. CentralPresenters:Raj Kumar, Executive Vice President and CFOKurt Niemietz, VP IR & TreasurerModerator:Jack Atkins, Stephens Managing DirectorLocation:Nashville, TennesseeWebcast Link:https://wsw.com/webcast/stph34/kex/1685488 The live audio of the presentation will be broadcast to the public via a
B of A Securities analyst Ken Hoexter maintains Kirby (NYSE:KEX) with a Buy and raises the price target from $138 to $141.
Kirby's (NYSE:KEX) short percent of float has risen 5.29% since its last report. The company recently reported that it has 922 thousand shares sold short, which is 1.79% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.18 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is import
Kirby (NYSE:KEX) has outperformed the market over the past 20 years by 1.23% on an annualized basis producing an average annual return of 9.63%. Currently, Kirby has a market capitalization of $6.68 billion. Buying $100 In KEX: If an investor had bought $100 of KEX stock 20 years ago, it would be worth $617.35 today based on a price of $114.51 for KEX at the time of writing. Kirby's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an edito
Kirby (NYSE:KEX) has outperformed the market over the past 20 years by 1.16% on an annualized basis producing an average annual return of 9.35%. Currently, Kirby has a market capitalization of $6.97 billion. Buying $100 In KEX: If an investor had bought $100 of KEX stock 20 years ago, it would be worth $603.79 today based on a price of $119.55 for KEX at the time of writing. Kirby's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an edito
During the last three months, 5 analysts shared their evaluations of Kirby (NYSE:KEX), revealing diverse outlooks from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 1 1 0 0 0 3M Ago 1 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Kirby, presenting an average target of $125.8, a high estimate of $138.00, and a low estimate of $115.00. Marking an increase of 8.92%, the current average su
B of A Securities analyst Ken Hoexter maintains Kirby (NYSE:KEX) with a Buy and raises the price target from $131 to $138.
Kirby (NYSE:KEX) has outperformed the market over the past 20 years by 1.65% on an annualized basis producing an average annual return of 9.68%. Currently, Kirby has a market capitalization of $6.97 billion. Buying $1000 In KEX: If an investor had bought $1000 of KEX stock 20 years ago, it would be worth $6,402.95 today based on a price of $119.58 for KEX at the time of writing. Kirby's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an e
Kirby's (NYSE:KEX) short percent of float has fallen 7.0% since its last report. The company recently reported that it has 955 thousand shares sold short, which is 1.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.2 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is importa
The Nasdaq 100 closed lower by over 80 points on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Kirby The Trade: Kirby Corporation (NYSE:KEX) Director Richard J Alario sold a total of 2,500 shares at an average price of $
Kirby (NYSE:KEX) has outperformed the market over the past 20 years by 1.97% on an annualized basis producing an average annual return of 9.99%. Currently, Kirby has a market capitalization of $7.10 billion. Buying $100 In KEX: If an investor had bought $100 of KEX stock 20 years ago, it would be worth $690.90 today based on a price of $121.74 for KEX at the time of writing. Kirby's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an edito
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Wolfe Research initiated coverage of Kirby with a rating of Outperform and set a new price target of $126.00
BTIG Research upgraded Kirby from Neutral to Buy and set a new price target of $80.00
BTIG upgraded Kirby from Neutral to Buy
Jefferies reiterated coverage of Kirby with a rating of Hold and set a new price target of $55.00 from $58.00 previously
Stifel upgraded Kirby from Hold to Buy and set a new price target of $65.00 from $64.00 previously
Gabelli & Co downgraded Kirby from Buy to Hold
Jefferies reiterated coverage of Kirby with a rating of Hold and set a new price target of $58.00 from $48.00 previously
HOUSTON, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Kirby Corporation (NYSE:KEX) ("Kirby" or "the Company") today announced the appointment of Rocky B. Dewbre as a new independent member of the Company's Board, effective immediately, pursuant to a cooperation agreement with Kirby shareholder JCP Investment Management, LLC ("JCP"). Following the appointment of Mr. Dewbre, the Kirby Board of Directors will expand to eleven directors, nine of whom are independent. "We welcome Rocky to the Kirby Board of Directors," said Joseph H. Pyne, Chairman of the Kirby Board of Directors. "Rocky brings additive expertise given his leadership and board service across sectors. With bright prospects for continued g
HOUSTON, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Kirby Corporation (NYSE:KEX) ("Kirby" or "the Company") today announced the appointment of Susan W. Dio to the Company's Board, effective January 24, 2023. Following the appointment of Ms. Dio, the Kirby Board of Directors will expand to ten directors, nine of whom are independent. Ms. Dio is a proven executive with more than 25 years of experience in international refining, petrochemicals and oil and gas. She most recently served as Chairman and President of BP America, providing oversight for BP's businesses in the United States. She previously served as Chief Executive Officer of BP Shipping, where she reset the organization's strategy and ope
HOUSTON, July 27, 2021 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) today announced the appointment of Shawn D. Williams as a new independent member of the Kirby Board of Directors effective July 27, 2021. Mr. Williams has an extensive background in the chemicals industry with professional and board experience, and Kirby is pleased to welcome him to its Board of Directors. Since June 2021, Mr. Williams has served as the Chairman of the Board of Managers and Acting Chief Executive Officer of Covia Holdings LLC, a provider of minerals-based solutions serving the industrial and energy markets. Prior to his appointment as Acting Chief Executive Officer, Mr. Williams was Chairman