Kirby expands share repurchase authorization by 8M shares; ~8.8M shares remaining

KIRBY CORP

Board authorized repurchase of up to 8M additional shares of common stock under existing authorization.
As of Sep 5, 2025, 4.15M shares bought previously; with new authorization, 8.85M shares remain available.
Repurchases may be executed via open market, private transactions, block trades, or Rule 10b5-1 plans; no expiration.
CEO David Grzebinski stated the authorization reflects confidence in Kirby's ability to generate strong free cash flow.
Capital allocation priorities include inland marine acquisitions, power generation investments, and returning capital to shareholders.

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