secwatch.observer — SEC 8-K summary
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Issuer:     KIRBY CORP (KEX)
CIK:        0000056047
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000950170-24-048311
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kirby Q1 EPS $1.19 vs $0.68; revenue $808M; appoints O'Neil President & COO
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- GAAP EPS $1.19 vs $0.68; net earnings $70.1M; revenue $808M, +8% YoY.
- Marine Transportation operating margin 17.5% vs 10.4% YoY; inland spot rates +15% YoY.
- Distribution & Services revenue flat at $332.6M; power generation revenue +50% YoY, now 41% of segment.
- Repurchased 498,505 shares for $41.8M at avg $83.82; acquired 13 barges and 2 boats.
- Appointed Christian O'Neil as President & COO effective Apr 26; he was President of Marine.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56047/000095017024048311/0000950170-24-048311-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56047/000095017024048311/kex-20240425.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-048311

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