earnings
confidence high
sentiment positive
materiality 0.75
Kirby Q2 EPS $0.49 adj, revenue $698M; sees momentum building in H2
KIRBY CORP
2022-Q2 EPS reported
$0.76
revenue$1,308,746,000
- Q2 GAAP EPS $0.47 ($0.49 adj), revenue $698M vs $559.6M in Q2 2021.
- Marine Transport revenue $405.7M (+22% YoY), operating margin 7.6%.
- Inland barge utilization low-90% range; spot rates up low double digits sequentially.
- Dist. & Services revenue $292.3M (+29% YoY), Oil & Gas up 52%, C&I up 15%.
- Expects 2022 free cash flow $200-280M; net cash from ops $390-450M.