Core Viewpoint - A federal securities class action has been filed on behalf of investors in Everus Construction Group, Inc. due to undisclosed issues regarding the company's backlog conversion cycle and revenue recognition delays [1][5]. Company Overview - Everus Construction Group, Inc. was formerly known as MDU Construction Services Group, Inc. and operated as a wholly owned subsidiary of CEHI, LLC, which is a subsidiary of MDU Resources [3]. Financial Performance - On February 11, 2025, Everus reported its fourth quarter and full year 2024 financial results, projecting revenue between $3.0 billion and $3.1 billion and EBITDA between $210 million and $225 million for 2025 [4]. - Following the financial results announcement, Everus shares fell by $12.43, approximately 18%, from $68.42 to $55.99 [4]. Class Action Details - The class action is focused on the period from October 31, 2024, to February 11, 2025, and includes investors who held MDU Resources common stock as of October 21, 2024, and acquired Everus common stock during the spinoff [1]. - The complaint alleges that the company failed to disclose the elongation of its backlog conversion cycle and the resulting delays in revenue recognition [5].

Core Viewpoint - Kirby Corporation's first-quarter 2025 earnings report showed mixed results, with earnings exceeding expectations while revenues fell short, leading to a 4.3% increase in share price since the release [1][2]. Financial Performance - Quarterly earnings were $1.33 per share, surpassing the Zacks Consensus Estimate of $1.27, and reflecting an 11.7% year-over-year improvement [2]. - Total revenues amounted to $785.7 million, missing the Zacks Consensus Estimate of $831.4 million, and representing a 2.7% decline year over year [2]. Segmental Performance - **Marine Transportation**: Revenues were $476.1 million, a slight increase of 0.2% year over year, with operating income rising to $86.6 million from $83.0 million [4]. The segment's operating margin improved to 18.2% from 17.5% [4]. - **Inland Market**: Average barge utilization remained in the low to mid-90% range, with operating conditions impacted by winter weather. Average spot market rates increased in the low single digits sequentially and high single digits year over year [5]. - **Coastal Market**: Barge utilization was in the mid to high-90% range, with average spot market rates increasing in the low to mid-single digits sequentially and low 20% range year over year [6]. - **Distribution and Services**: Revenues were $309.5 million, down 6.9% year over year, but operating income increased to $22.6 million from $22 million [7]. Operating margin rose to 7.3% from 6.6% [7]. - **Power Generation Market**: Revenues declined 23% year over year due to supply delays, while orders continued to grow [8]. - **Commercial and Industrial Market**: Revenues and operating income increased by 12% and 23% year over year, respectively [9]. - **Oil and Gas Market**: Revenues decreased by 18%, but operating income surged by 123% year over year [10]. Balance Sheet and Cash Flow - As of March 31, 2025, Kirby had cash and cash equivalents of $51.1 million, down from $74.4 million at the end of the previous quarter [11]. - The company generated $36.5 million in net cash from operating activities, with capital expenditures of $78.7 million [11]. - Kirby repurchased 1,258,031 shares at an average price of $99.16, totaling $124.7 million as of April 30, 2025 [11]. 2025 Outlook - For the Marine Transportation segment, inland revenues are expected to grow in the mid-to-high single-digit range, with operating margins anticipated to improve by 200-300 basis points for the full year [12]. - Coastal revenues are projected to increase in the high-single to low-double-digit range, driven by higher pricing [13]. - Distribution and services segment revenues are expected to remain flat to slightly down, with operating margins in the high-single digits [14]. - Net cash flow from operating activities is anticipated to be between $620 million and $720 million, with capital expenditures expected to range from $280 million to $320 million [15].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 or Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-7615 KIRBY CORPORATION (Exact name of registrant as specified in its charter) Nevada 74-1884980 (State or other jurisdiction of incorporation or ...

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].

Core Viewpoint - Kirby (KEX) reported a revenue of $785.66 million for the quarter ended March 2025, reflecting a year-over-year decline of 2.8% and an EPS of $1.33, which is an increase from $1.19 a year ago [1] Financial Performance - The reported revenue fell short of the Zacks Consensus Estimate of $831.37 million, resulting in a surprise of -5.50% [1] - The company achieved an EPS surprise of +4.72%, with the consensus EPS estimate being $1.27 [1] Key Metrics - Kirby's shares have returned -6.6% over the past month, compared to the Zacks S&P 500 composite's -0.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3] Revenue Breakdown - Distribution and services revenue was reported at $309.51 million, below the average estimate of $320.42 million, representing a year-over-year decline of 7% [4] - Marine transportation revenue was reported at $476.15 million, slightly above the average estimate of $510.95 million, with a year-over-year change of +0.2% [4] - Operating income for marine transportation was $86.58 million, exceeding the average estimate of $85.82 million [4] - General corporate expenses showed an operating income of -$3.70 million, better than the average estimate of -$5.24 million [4] - Distribution and services operating income was reported at $22.59 million, surpassing the average estimate of $16.74 million [4]

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 ...