Kirby Q2 EPS $0.17 vs $0.42 YoY; CFO Harvey to retire Q1 2022

KIRBY CORP

2021-Q2 EPS reported $0.11 revenue$1,056,474,000

Net earnings $10.2M ($0.17 EPS) vs $25.0M ($0.42) in Q2 2020; revenue $559.6M (+3.4%).
Marine Transportation rev $332.9M (-12.6% YoY); inland spot rates up 10% sequentially but down 10-15% YoY.
Distribution & Services rev $226.7M (+41.5% YoY); operating income $6.2M vs loss $14.1M.
Free cash flow guidance $250-310M for 2021; capex $125-145M.
CFO William Harvey (63) intends to retire in Q1 2022; will remain until successor named.

item 2.02 item 5.02 item 9.01

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Departed

William G. Harvey

Executive Vice President and Chief Financial Officer

KEX · KIRBY CORP

Filed: July 29, 2021, 7:59 PM ET

On July 27, 2021, William G. Harvey, 63, currently Kirby Corporation’s Executive Vice President and Chief Financial Officer (CFO) informed the Company that he intends to retire in the first quarter of 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William G. Harvey departed as Executive Vice President and Chief Financial Officer at KIRBY CORP.

Action: intends to retire
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On July 27, 2021, William G. Harvey, 63, currently Kirby Corporation’s Executive Vice President and Chief Financial Officer (CFO) informed the Company that he intends to retire in the first quarter of 2022.

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KIRBY CORP filing history →

Source: SEC EDGAR

accession 0000950170-21-000591

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