secwatch.observer — SEC 8-K summary
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Issuer:     KIRBY CORP (KEX)
CIK:        0000056047
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0000950170-23-035023
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kirby Q2 EPS $0.95 vs $0.47 YoY; revenue $777M; inland margins high-teens
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- GAAP EPS of $0.95, net earnings $57.4M, up from $0.47 and $28.5M YoY.
- Marine Transportation revenue $427M (+5% YoY); operating margin 15.0% vs 7.6%.
- Inland barge utilization low 90%; spot rates up mid-to-high 20% YoY; term renewals up low double digits.
- Distribution & Services revenue $350.3M (+20% YoY); operating margin 8.5% vs 5.7%. Demand strong for e-frac equipment.
- Operating cash flow $211M; free cash flow $113M; repurchased 474,775 shares for $34.4M at avg $72.49.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56047/000095017023035023/0000950170-23-035023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56047/000095017023035023/kex-20230727.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-035023

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