Kirby Q4 EPS $1.04 beats $0.67 adj. prior year; guides 30-40% EPS growth in 2024

KIRBY CORP

2023-FY EPS reported $3.72 revenue$3,091,640,000

Q4 revenue $799.2M (+9.4% YoY); net earnings $61.9M vs $37.3M.
2024 outlook: EPS growth 30-40%; cash from ops $600-700M; capex $290-330M.
Board Chairman Joseph Pyne retiring; Richard Alario to succeed as Chair April 26, 2024.
Inland marine margins high-teens; coastal margins low-single digits; D&S margins 8.3%.
Repurchased 673k shares for $51.9M in Q4; debt reduced to $1.017B (24.2% debt-to-cap).

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Richard J. Alario

Chairman of the Board

KEX · KIRBY CORP

Effective: 2024-04-26
Filed: February 1, 2024, 6:59 PM ET

Richard J. Alario will succeed Mr. Pyne as Chairman of the Board effective as of the 2024 Annual Meeting.

Departed

Rocky B. Dewbre

Director

KEX · KIRBY CORP

Effective: 2024-04-26
Filed: February 1, 2024, 6:59 PM ET

Rocky B. Dewbre will not stand for election as a Director at the conclusion of his term which expires on April 26, 2024.

Departed

Joseph H. Pyne

Chairman of the Board

KEX · KIRBY CORP

Effective: 2024-04-26
Successor: Richard J. Alario
Filed: February 1, 2024, 6:59 PM ET

Joseph H. Pyne has decided to retire and not stand for re-election as a Class II Director of the Company upon the expiration of his current term, which expires at the Company’s 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”), currently anticipated to be held on April 26, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard J. Alario changed role as Chairman of the Board at KIRBY CORP.

Action: succeed
Role: Chairman of the Board

Exact text from the filing

Richard J. Alario will succeed Mr. Pyne as Chairman of the Board effective as of the 2024 Annual Meeting.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Rocky B. Dewbre departed as Director at KIRBY CORP.

Action: will not stand for election
Role: Director

Exact text from the filing

Rocky B. Dewbre will not stand for election as a Director at the conclusion of his term which expires on April 26, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph H. Pyne departed as Chairman of the Board at KIRBY CORP.

Action: retire
Role: Chairman of the Board

Exact text from the filing

Joseph H. Pyne has decided to retire and not stand for re-election as a Class II Director of the Company upon the expiration of his current term, which expires at the Company’s 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”), currently anticipated to be held on April 26, 2024.

View on SEC.gov

KIRBY CORP filing history →

Source: SEC EDGAR

accession 0000950170-24-009859

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