KEX
Kirby Corporation109.05
-1.37-1.24%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
FY Q4 '25
Last Quarter (Q3 '25)
FY Q3 '25
Key Stats
Market Cap
6.08BP/E (TTM)
20.27Basic EPS (TTM)
5.38Dividend Yield
0%Recent Filings
8-K
10-Q
Q3 FY2025 results
Kirby posted Q3 revenues of $871.2M, up 4.8% y/y, with operating income rising to $129.2M from $126.9M while marine transportation held flat at $484.9M amid lower inland utilization yet coastal term pricing gains; distribution and services jumped 12% to $386.2M on power generation and marine repair demand. Diluted EPS climbed to $1.65 from $1.55, aligning with 56M shares. YTD operating cash flow hit $358M despite inventory builds, funding $217M capex and $253M buybacks; debt stands at $1.05B with $325M revolver availability. Acquired 16 barges for $106.5M cash in H1. KDS margins expanded to 11.0%. Inland spot softness persists.
8-K
Kirby Q3 EPS up 6%
Kirby Corporation reported Q3 2025 net earnings of $92.5 million or $1.65 per share, up 6% from last year on $871.2 million revenue. Inland marine utilization dipped to mid-80% amid soft demand, yet coastal margins hit 20% and distribution/services operating income surged 40% to $42.7 million, powered by 56% power generation revenue growth. Kirby repurchased $120 million in shares. Strong cash flow fuels buybacks amid inland volatility.
8-K
Board adds 8M share repurchase
Kirby Corporation's board authorized repurchasing up to 8 million more common shares on September 8, 2025, boosting the total available to 8.8 million after 4.15 million already bought. This signals confidence in free cash flow amid dynamic markets, prioritizing shareholder returns alongside marine acquisitions and power generation investments. Repurchases flexible, no expiration. Risks include economic conditions, competition.
10-Q
Q2 FY2025 results
Kirby posted solid Q2 FY2025 results ended June 30, with revenues up 4% y/y to $855M on marine pricing gains, operating income climbing 9% y/y to $132M, and diluted EPS rising 17% y/y to $1.67—reconciles cleanly to 56.4M shares. Marine transportation (58% of sales) grew 2% y/y on higher inland/coastal term rates (2-4% inland, 24-26% coastal), while distribution/services jumped 7% y/y from marine repair and power gen demand. Bought 14 inland tank barges (364k barrels capacity) plus towboats for $97.3M cash in March; $68M cash, $255M revolver availability offset $1.1B debt. Operating cash flow hit $130M YTD. Inland fleet utilization holds mid-90s. Competition from new barge builds looms.
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