earnings
confidence high
sentiment positive
materiality 0.80
Kirby Q1 EPS $1.33 beats $1.19 YoY; revenue down 2.8% but margins improve; buys 14 barges for $97M
KIRBY CORP
2025-Q1 EPS reported
$1.33
revenue$785,659,000
- Q1 EPS $1.33 vs $1.19 YoY; net earnings $76M; revenue $785.7M (-2.8% YoY).
- Marine margins 18.2%; inland ~20% despite 50% more delay days; coastal margins high-single to low-double digits.
- D&S revenue down 6.9% but operating income up; power generation orders strong; oil & gas operating income +123%.
- Acquired 14 barges and 4 boats for $97.3M; year-to-date share repurchases $124.7M at avg $99.16.
- 2025 outlook: marine margins up YoY; D&S flat; operating cash flow $620-720M; capex $280-320M.