secwatch.observer — SEC 8-K summary
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Issuer:     KIRBY CORP (KEX)
CIK:        0000056047
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0000950170-25-061643
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kirby Q1 EPS $1.33 beats $1.19 YoY; revenue down 2.8% but margins improve; buys 14 barges for $97M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56047/000095017025061643/0000950170-25-061643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56047/000095017025061643/kex-20250429.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-061643

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