---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-21-002411"
form_type: "8-K"
ticker: "KEX"
cik: "0000056047"
company_name: "KIRBY CORP"
filed_at: "2021-10-28T23:59:59+00:00"
generated_at: "2026-06-28T17:02:23.896744+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kirby Q3 GAAP loss $4.41/sh on $340.7M impairment; revenue up 21% to $599M; adj EPS $0.17

## Summary
- Q3 GAAP net loss $264.7M ($4.41/sh) vs. profit $27.5M ($0.46/sh) last year; adjusted EPS $0.17.
- Revenue $598.9M (+21% YoY); Marine Trans. op income $16.9M (5.0% margin), Dist. & Svcs. $11.0M (4.2%).
- Recorded $340.7M pre-tax noncash impairment from exiting Hawaii coastal and retiring wire tank barges; $275M after-tax.
- Inland barge utilization improved to high 80% in October; Q4 outlook sees sequential marine improvement.
- FY2021 free cash flow guidance $250M-$290M; capex $120-$130M; debt reduced by $260.4M from year-end.

## SEC filing metadata
- accession: 0000950170-21-002411
- form_type: 8-K
- ticker: KEX
- cik: 0000056047
- company_name: KIRBY CORP
- filed_at: 2021-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/56047/000095017021002411/0000950170-21-002411-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56047/000095017021002411/kex-20211028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-21-002411
- JSON: https://secwatch.observer/filing/0000950170-21-002411.json
- Plain text: https://secwatch.observer/filing/0000950170-21-002411.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.