earnings
confidence high
sentiment positive
materiality 0.85
Kirby Q3 EPS $1.55 beats $1.05 YoY; revenue up 9% to $831.1M
KIRBY CORP
2024-Q3 EPS reported
$4.17
revenue$2,463,561,000
- EPS of $1.55 up 48% YoY; net earnings $90.0M vs $63.0M in Q3 2023.
- Marine transportation revenue $486.1M (+11% YoY); operating margin 20.5% (vs 14.8%).
- Inland spot rates up low double-digit YoY; coastal term renewals up high 20% YoY.
- Distribution & services revenue $345.1M (+3% YoY); margin 8.8% (vs 9.9%).
- Repurchased 483,335 shares for $55.8M; FY cash from ops guided $600-700M.