Core Viewpoint - Kirby Corporation (KEX) reported a fourth-quarter 2024 earnings per share (EPS) of $1.29, exceeding the Zacks Consensus Estimate of $1.27 and reflecting a 24% year-over-year improvement. However, total revenues of $802.3 million fell short of the Zacks Consensus Estimate of $813.1 million, although they still represented a 0.4% year-over-year increase [1]. Financial Performance - Total costs and expenses increased by 6.5% year over year to $752.16 million [1]. - Marine transportation revenues reached $466.77 million, up 3.1% year over year, with operating income rising to $86.0 million from $68.2 million in the previous year, resulting in an operating margin increase to 18.4% from 15.1% [2]. - Inland market conditions showed an average barge utilization of 90%, with revenues growing 3% year over year due to higher pricing, accounting for 82% of segment revenues and operating margins near 20% [3]. - Coastal market conditions remained favorable, with revenues increasing by 6% year over year and operating margins in the low teens [4]. - Distribution and services revenues decreased by 3.1% year over year to $335.5 million, with operating income at $26.8 million and a slight decline in operating margin to 8.0% [5]. - Power generation revenues surged by 36% year over year, accounting for 39% of the segment's revenues, with operating margins in the high single digits [6]. - Commercial and industrial market revenues fell by 7% year over year, while operating income grew by 28% [7]. - Oil and gas revenues plummeted by 38% year over year, accounting for nearly 16% of the segment's revenues, with operating margins in the mid to high single digits [8]. Balance Sheet and Cash Flow - As of December 31, 2024, Kirby had cash and cash equivalents of $74.4 million, up from $67.07 million at the end of the previous quarter. The company reduced debt by $105 million in the fourth quarter and repurchased 286,697 shares for $33.3 million [9]. 2025 Outlook - Kirby anticipates 15-25% year-over-year growth in EPS for 2025, with positive market dynamics expected in the marine transportation segment due to limited new barge construction [11][12]. - Inland revenues are projected to grow in the mid to high single-digit range, while coastal revenues are expected to increase in the high-single to low-double-digit range [12][13]. - Distribution and services segment revenues are expected to remain flat to slightly down, with operating margins in the high-single digits [14].

Kirby Corporation (NYSE:KEX) Q4 2024 Earnings Conference Call January 30, 2025 8:30 AM ET Company Participants Kurt Niemietz - VP, IR & Treasurer David Grzebinski - CEO Raj Kumar - CFO Christian O’Neil - President & COO Conference Call Participants Reed Seay - Stephens Benjamin Nolan - Stifel Adam Roszkowski - Bank of America Sherif Elmaghrabi - BTIG Greg Wasikowski - Webber Research Operator Good morning, and welcome to the Kirby Corporation 2024 Fourth Quarter Earnings Conference Call. All participants wi ...

NEW YORK, Jan. 30, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP notifies investors of the approaching February 7, 2025, deadline to seek the role of lead plaintiff in a federal securities class action filed on behalf of those who acquired Marqeta, Inc. (“Marqeta” or the “Company”) (NASDAQ:MQ) securities between May 7, 2024, through November 4, 2024 (“the Class Period”). [LEARN MORE ABOUT THE CLASS ACTION] On November 4, 2024, after market hours, Marqeta issued a press release entitled “Marq ...

Exhibit 99.1 KIRBY CORPORATION Contact: Kurt Niemietz 713-435-1077 FOR IMMEDIATE RELEASE KIRBY CORPORATION ANNOUNCES 2024 FOURTH QUARTER AND FULL YEAR RESULTS ¹ Non-GAAP measure. See reconciliation in section titled "One-time Items" Houston, Texas (January 30, 2025) – Kirby Corporation ("Kirby") (NYSE: KEX) today announced net earnings attributable to Kirby for the fourth quarter ended December 31, 2024 of $42.8 million or $0.74 per share, compared with a net earnings of $61.9 million or $1.04 per share for ...

For the quarter ended December 2024, Kirby (KEX) reported revenue of $802.32 million, up 0.4% over the same period last year. EPS came in at $1.29, compared to $1.04 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $813.13 million, representing a surprise of -1.33%. The company delivered an EPS surprise of +1.57%, 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 exp ...

Kirby (KEX) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.57%. A quarter ago, it was expected that this barge operator would post earnings of $1.47 per share when it actually produced earnings of $1.55, delivering a surprise of 5.44%.Over the last four quarters, the company has su ...

Fourth quarter 2024 GAAP earnings per share of $0.74, and fourth quarter 2024 adjusted earnings per share¹ of $1.29.Fourth quarter 2024 inland marine term contracts repriced higher in the 6-9% range year-over-year.Kirby repurchased 286,697 shares at an average price of $116.16 for $33.3 million and reduced debt balances by $105 million in the 2024 fourth quarter.2025 expected earnings growth of 15% to 25% year-over-year. ¹ Non-GAAP measure. See reconciliation in section titled “One-time Items” HOUSTON, Jan. ...

NEW YORK, Jan. 29, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Triumph Financial, Inc. (“Triumph” or the “Company”) (NASDAQ:TFIN). The investigation concerns whether Triumph and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] On January 22, 2025, after market hours, Triumph released its fourth quarter 2024 financial report, missing consens ...

Kirby Corporation (NYSE: KEX ) is due to report Q4 and full-year 2024 numbers on the 30 th of January before the market opens. Thus, I wanted to go through the numbers and what I would like to hearMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.Analyst’s Disclosure: ...

Kirby (KEX) is scheduled to report fourth-quarter 2024 results on Jan. 30, before market open.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for KEX’s fourth-quarter 2024 earnings per share has remained flat at $1.27 per share over the past 60 days. However, the consensus mark implies a 22.1% rise from the year-ago actuals. The Zacks Consensus Estimate for KEX’s fourth-quarter 2024 revenues is pegged at $813.1 million, indicating 1.8% growth year over yea ...