secwatch.observer — SEC 8-K summary
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Issuer:     KIRBY CORP (KEX)
CIK:        0000056047
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0000950170-23-001440
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kirby Q4 EPS $0.62 ($0.67 adj); revenue $730M; 2023 growth outlook
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- Q4 GAAP EPS $0.62 vs $0.18 YoY; adjusted EPS $0.67 vs $0.27; revenue $730.2M (+23% YoY).
- Inland marine utilization 90%+; term contract renewals up low teens; operating margin improved to low teens.
- Distribution & services revenue up 28% YoY to $307.4M; oil & gas revenue up 44% YoY; operating margin 5.5%.
- 2023 guidance: inland marine rev + low double digits; D&S rev +10-20%; cash from ops $480M-$580M; board authorized 5M share buyback increase.
- Coastal rev flat expected; margins near break-even due to planned maintenance; barge utilization low-mid 90%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56047/000095017023001440/0000950170-23-001440-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56047/000095017023001440/kex-20230131.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001440

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