secwatch.observer — SEC 8-K summary
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Issuer:     KIRBY CORP (KEX)
CIK:        0000056047
Form:       8-K
Filed at:   2022-01-27T23:59:59+00:00
Accession:  0000950170-22-000516
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kirby Q4 adj EPS $0.27; guides strong 2022 with inland margins in low double-digits
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- Q4 adjusted EPS $0.27 (GAAP $0.18) on revenues $591M, up 21% YoY; full-year adj EPS $0.56.
- Marine Transportation rev $350.6M, op margin 7.3%; inland utilization mid-high 80%, spot pricing up mid-single digits sequentially.
- Distribution & Services rev $240.7M (oil & gas +110% YoY); acquired energy storage manufacturer; segment margin 3.1%.
- 2022 guidance: cash from ops $400-480M, capex $170-190M; inland rev +10-15% YoY, D&S rev +30-40% YoY.
- Total debt reduced by $305M to $1.16B; debt-to-cap 28.7%; free cash flow expected $210-310M in 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56047/000095017022000516/0000950170-22-000516-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56047/000095017022000516/kex-20220127.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-000516

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