--- schema_version: "secwatch.filing_event.v1" accession: "0000950170-23-015055" form_type: "8-K" ticker: "KEX" cik: "0000056047" company_name: "KIRBY CORP" filed_at: "2023-04-27T23:59:59+00:00" generated_at: "2026-06-16T09:49:12.483674+00:00" event_type: "earnings" sentiment: "positive" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Kirby Q1 EPS $0.68 vs $0.29 YoY; revenue $750M up 23%; inland marine margins low teens ## Summary - Q1 net earnings $40.7M ($0.68/share) vs $17.4M ($0.29/share) YoY; revenue $750.4M vs $610.8M. - Marine Transportation rev $412.5M (+16% YoY); inland spot rates up ~25% YoY, utilization low-mid 90%. - Distribution & Services rev $337.9M (+32% YoY); oil & gas up 38%, commercial/industrial up low double digits. - FY2023 guidance: operating cash flow $480-580M, capex $300-380M; segments expected to improve sequentially. - Stockholders elected four Class I directors, ratified KPMG, and approved say-on-pay with annual frequency vote. ## SEC filing metadata - accession: 0000950170-23-015055 - form_type: 8-K - ticker: KEX - cik: 0000056047 - company_name: KIRBY CORP - filed_at: 2023-04-27T23:59:59+00:00 - event_type: earnings - sentiment: positive - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 2.02, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/56047/000095017023015055/0000950170-23-015055-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56047/000095017023015055/kex-20230427.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950170-23-015055 - JSON: https://secwatch.observer/filing/0000950170-23-015055.json - Plain text: https://secwatch.observer/filing/0000950170-23-015055.txt ## Key facts - Earnings Releases KIRBY CORP reported first quarter ended March 31, 2023 results: revenue Consolidated revenues for the 2023 first quarter were $750.4 million, net income net earnings attributable to Kirby for the first quarter ended March 31, 2023 of $40.7 million, EPS $0.68. - Period: first quarter ended March 31, 2023 - Revenue: Consolidated revenues for the 2023 first quarter were $750.4 million - Net income: net earnings attributable to Kirby for the first quarter ended March 31, 2023 of $40.7 million - EPS: $0.68 - Result: reported results source text: On April 27, 2023, Kirby Corporation ("Kirby" or the "Company") issued a press release announcing results for the first quarter ended March 31, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/56047/000095017023015055/0000950170-23-015055-index.htm - Shareholder Votes KIRBY CORP shareholders approved Advisory vote to approve executive compensation at the 2023-04-25 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-04-25 source text: 3. The compensation of Kirby's named executive officers was approved on a non-binding advisory basis by the following vote: For 51,095,432 Against 3,544,424 Abstain 250,022 Broker non-votes 2,945,437 evidence_url: https://www.sec.gov/Archives/edgar/data/56047/000095017023015055/0000950170-23-015055-index.htm - Shareholder Votes KIRBY CORP shareholders approved Ratification of appointment of KPMG LLP as independent auditor at the 2023-04-25 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-04-25 source text: 2. The Audit Committee's selection of KPMG LLP as Kirby's independent registered public accounting firm for 2023 was ratified by the following vote: For 56,879,103 Against 937,972 Abstain 18,240 Broker non-votes 0 evidence_url: https://www.sec.gov/Archives/edgar/data/56047/000095017023015055/0000950170-23-015055-index.htm - Shareholder Votes KIRBY CORP shareholders approved Election of Class I Directors at the 2023-04-25 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-04-25 source text: 1. Richard J. Alario, Susan W. Dio, David W. Grzebinski, and Richard R. Stewart were elected Class I directors of Kirby to serve until the 2026 Annual Meeting of Stockholders by the following vote: For Against Abstain Broker Non-Votes Richard J. Alario 52,092,621 2,779,907 17,350 2,945,437 Susan W. Dio 54,796,455 75,842 17,581 2,945,437 David W. Grzebinski 54,426,074 447,841 15,963 2,945,437 Richard R. Stewart 53,493,524 1,378,569 17,785 2,945,437 evidence_url: https://www.sec.gov/Archives/edgar/data/56047/000095017023015055/0000950170-23-015055-index.htm - Shareholder Votes KIRBY CORP shareholders approved Advisory vote on frequency of future say-on-pay votes at the 2023-04-25 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2023-04-25 source text: 4. Kirby’s stockholders approved, on a non-binding advisory basis, the frequency of stockholder votes on the Company’s executive compensation to be every year: 1 Year 52,179,047 2 Years 6,858 3 Years 2,622,263 Abstain 76,420 Broker non-votes 2,950,716 evidence_url: https://www.sec.gov/Archives/edgar/data/56047/000095017023015055/0000950170-23-015055-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.