secwatch.observer — SEC 8-K summary
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Issuer:     KIRBY CORP (KEX)
CIK:        0000056047
Form:       8-K
Filed at:   2022-10-24T23:59:59+00:00
Accession:  0000950170-22-019877
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kirby Q3 2022 EPS $0.65; revenue up 25% to $745.8M; inland marine margins improve to low double digits
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- GAAP EPS $0.65 vs net loss of $(4.41) in Q3 2021; adjusted EPS $0.17 excluding one-time items.
- Total revenues $745.8M (+25% YoY); marine transportation revenue $433.0M (+28%).
- Inland marine barge utilization low-90% (vs low-80% a year ago); spot rates up mid-20% YoY.
- Distribution & services revenue $312.8M (+20% YoY); operating margin 7.1% vs 4.2%.
- Full-year 2022 guidance: net cash from ops $390-450M, capex $170-190M, free cash flow $200-280M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56047/000095017022019877/0000950170-22-019877-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56047/000095017022019877/kex-20221024.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-019877

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer