secwatch.observer — SEC 8-K summary
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Issuer:     KIRBY CORP (KEX)
CIK:        0000056047
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0000950170-21-002411
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56047/000095017021002411/0000950170-21-002411-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56047/000095017021002411/kex-20211028.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-002411

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