secwatch.observer — SEC 8-K summary
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Issuer:     KIRBY CORP (KEX)
CIK:        0000056047
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000950170-23-015055
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kirby Q1 EPS $0.68 vs $0.29 YoY; revenue $750M up 23%; inland marine margins low teens
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56047/000095017023015055/0000950170-23-015055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56047/000095017023015055/kex-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-015055

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