NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors of the June 3, 2025, deadline to seek the role of lead plaintiff in a federal securities class action filed on behalf of investors who acquired Everus Construction Group, Inc. (“Everus” or the “Company”) (NYSE:ECG) securities during the period from October 31, 2024, through February 11, 2025 (“the Class Period”), including investors who held MDU Resources Group, Inc. (“MDU Resources”) common stock as of October ...

Financial Performance - Net earnings for Q1 2025 were $76.0 million, or $1.33 per share, compared to $70.1 million, or $1.19 per share in Q1 2024, reflecting a 10% increase in earnings per share [2]. - Consolidated revenues for Q1 2025 were $785.7 million, down from $808.0 million in Q1 2024, indicating a decrease of approximately 2.8% year-over-year [2]. - Total revenues for Q1 2025 were $785,659,000, a decrease of 2.9% from $808,022,000 in Q1 2024 [27]. - Net earnings attributable to Kirby increased to $75,986,000 in Q1 2025, compared to $70,068,000 in Q1 2024, representing an increase of 8.7% [27]. - Operating income for the marine transportation segment was $86,584,000, up from $82,983,000 in the previous year, resulting in an operating margin of 18.2% [31]. - Distribution and services revenues decreased to $309,510,000 in Q1 2025 from $332,610,000 in Q1 2024, a decline of 6.9% [32]. - EBITDA for Q1 2025 was $174.3 million, compared to $162.6 million in Q1 2024, showing a year-over-year increase of approximately 10.5% [15]. - EBITDA for Q1 2025 was $174,326,000, compared to $162,587,000 in Q1 2024, reflecting a growth of 7.2% [29]. - Free cash flow for Q1 2025 was negative at $(42,200,000), a significant decrease from $42,300,000 in Q1 2024 [37]. Revenue Segments - Inland marine transportation saw a 50% sequential increase in delay days and a 15% increase year-over-year, impacting operational performance despite barge utilization rates in the low to mid-90% range [4]. - Average spot market rates in the inland market increased in the low single digits sequentially and in the high single-digit range year-over-year, with term contract prices renewing with mid-single digit increases [9]. - Coastal marine revenues decreased by 6% year-over-year, while operating margins were in the high single to low double-digit range, with barge utilization levels in the mid to high-90% range [5][10]. - Distribution and services revenues for Q1 2025 were $309.5 million, down from $332.6 million in Q1 2024, with operating income slightly increasing to $22.6 million [11]. Debt and Cash Flow - Long-term debt increased to $1,098,369,000 in Q1 2025 from $874,948,000 in Q4 2024, resulting in a debt to capitalization ratio of 24.8% [29]. - The company expects to generate net cash from operating activities of $620 million to $720 million in 2025, with capital spending projected between $280 million to $320 million [19]. Operational Metrics - Average cost per gallon of fuel consumed decreased to $2.57 in Q1 2025 from $2.82 in Q1 2024 [39]. - The number of towboats operated increased to an average of 291 in Q1 2025, up from 286 in Q1 2024 [39]. - Kirby made acquisitions of businesses and marine equipment totaling $97,250,000 in Q1 2025 [29]. Shareholder Actions - Kirby repurchased 1,258,031 shares at an average price of $99.16 for a total of $124.7 million year-to-date through April 30, 2025 [6]. Future Outlook - For 2025, inland revenues are expected to grow in the mid to high single-digit range, while coastal revenues are anticipated to increase in the high-single to low-double digit range compared to 2024 [16][17].

Kirby (KEX) reported $785.66 million in revenue for the quarter ended March 2025, representing a year-over-year decline of 2.8%. EPS of $1.33 for the same period compares to $1.19 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $831.37 million, representing a surprise of -5.50%. The company delivered an EPS surprise of +4.72%, with the consensus EPS estimate being $1.27.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

Kirby (KEX) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.72%. A quarter ago, it was expected that this barge operator would post earnings of $1.27 per share when it actually produced earnings of $1.29, delivering a surprise of 1.57%.Over the last four quarters, the company has su ...

LOVELAND, Colo., May 01, 2025 (GLOBE NEWSWIRE) -- Since its official release on April 1, Paul Kirby’s debut book, The FUSE Pathway: How to Find and Lead a Fulfilling Life, has quickly achieved #1 Amazon best-seller status. Following this remarkable achievement, The FUSE Pathway has continued to generate momentum. Early reader feedback has been overwhelmingly positive, highlighting its accessibility, thought-provoking insights and timely relevance for those seeking greater joy and fulfillment in their lives. ...

1Q 2025 Earnings Conference Call May 1, 2025 Disclosures Forward Looking Statements Statements contained in this conference call with respect to the future are forward-looking statements. These statements reflect management's reasonable judgment with respect to future events. Forward-looking statements involve risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors, including adverse economic conditions, industry competition and other competitive ...

Kirby (KEX) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants Kurt Niemietz - VP of Investor Relations & TreasurerDavid Grzebinski - President and Chief Executive OfficerRaj Kumar - Executive VP & CFOChristian O’Neil - President & COODaniel Imbro - Managing DirectorKen Hoexter - Managing DirectorSherif Elmaghrabi - Equity Research Associate Conference Call Participants Jonathan Chappell - AnalystScott Group - MD & Senior AnalystGreg Wasikowski - Senior Analyst, Associate Partner and Co-Fou ...

Kirby (KEX) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Kirby Corporation twenty twenty five First Quarter Earnings Conference Call. At this time, all participants are in listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during this session, you need to press 11 on your telephone and wait for your name to be announced. To withdraw your question, please press 11 again. Please b ...

First quarter 2025 earnings per share of $1.33Inland marine experienced improved market conditions with a sequential increase in spot market prices and operating margins around 20% despite an increase in delay daysKirby repurchased 1,258,031 shares at an average price of $99.16 for $124.7 million year-to-date through April 30, 2025Acquired 14 barges, including four specialty barges, and four high horsepower boats from undisclosed seller for $97.3 millionQuarterly earnings and free cash flow expected to stre ...

Core Viewpoint - A class action lawsuit has been filed against Ready Capital Corporation for failing to disclose significant issues related to non-performing loans in its commercial real estate (CRE) portfolio during the specified class period [1][4]. Financial Performance - Ready Capital reported a fourth quarter 2024 net loss of $1.80 per share and a full year 2024 net loss of $2.52 per share [3]. - The company took decisive actions to stabilize its balance sheet, including a total of $284 million in Current Expected Credit Loss (CECL) and valuation allowances for non-performing loans [3]. - Total leverage increased to 3.8x from 3.3x in the previous quarter [3]. - Following the announcement, Ready Capital's stock price fell by $1.86 per share, approximately 26%, closing at $5.07 on March 3, 2025 [3]. Legal Allegations - The lawsuit alleges that Ready Capital did not disclose that significant non-performing loans were unlikely to be collectible and that the company would fully reserve these loans to stabilize its portfolio [4]. - It is claimed that these issues were not accurately reflected in the company's current expected credit loss or valuation allowances [4].