Kirby Corporation
Description
Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii. It also transports petrochemicals, black oils, refined petroleum products, and agricultural chemicals by tank barges; and operates offshore dry-bulk barges and tugboat units that are engaged in the offshore transportation of dry-bulk cargos in the United States coastal trade. It owns and operates 1,076 inland tank barges, approximately 281 inland towboats, 28 coastal tank barges, 25 coastal tugboats, 4 offshore dry-bulk cargo barges, 4 offshore tugboats, and a docking tugboat. Its Distribution and Services segment sells after-market service and genuine replacement parts for engines, transmissions, reduction gears, electric motors, drives, and controls, electrical distribution and control systems, energy storage battery systems, and related oilfield service equipment; rebuilds component parts or diesel engines, transmissions and reduction gears, and related equipment used in oilfield services, marine, power generation, on-highway, and other industrial applications; rents generators, industrial compressors, high capacity lift trucks, and refrigeration trailers; and manufactures and remanufactures oilfield service equipment, including pressure pumping units, as well as manufacturers electric power generation equipment, specialized electrical distribution and control equipment, and high capacity energy storage/battery systems. It serves to various companies, the United States government, and pleasure crafts. The company was formerly known as Kirby Exploration Company, Inc. and changed its name to Kirby Corporation in 1990. Kirby Corporation was founded in 1921 and is headquartered in Houston, Texas.
About
CEO
Mr. David W. Grzebinski C.F.A.
Employees
5,450
Instrument type
Common Stock
Sector
Industrials
Industry
Marine Shipping
MIC code
XNYS
Address
55 Waugh Drive, Houston, TX 77007, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 28, 2025 | — | — | — | — |
| Jul 30, 2025 | — | — | — | — |
| Apr 23, 2025 | — | — | — | — |
| Jan 30, 2025 | 1.29 | 1.29 | 0.00 | 0.00% |
| Oct 30, 2024 | 1.47 | 1.55 | 0.08 | 5.44% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 5 | 5 | 5 | 5 |
| Average estimate | 1.31 | 1.71 | 6.58 | 7.93 |
| Low estimate | 1.27 | 1.68 | 6.45 | 7.22 |
| High estimate | 1.35 | 1.76 | 6.67 | 8.41 |
| Last year EPS | 1.19 | 1.43 | 5.46 | 6.58 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
9.800%
Next qtr. (Jun 2025)
19.930%
Current year (Dec 2025)
20.570%
Next year (Dec 2026)
20.990%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 3.09B | 2.78B | 2.25B | 2.17B | 2.84B |
| Cost of revenue | 2.39B | 2.26B | 1.87B | 1.73B | 2.25B |
| Gross profit | 700.06M | 522.37M | 379.98M | 440.67M | 588.72M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 335.21M | 302.69M | 266.91M | 258.27M | 277.39M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 330.08M | 184.61M | 76.82M | 140.40M | 269.40M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 52.01M | 44.59M | 42.47M | 48.74M | 55.99M |
| Other income expense | 16.05M | 24.96M | -324.95M | -553.01M | -23.59M |
| Pretax income | 294.13M | 164.98M | -290.60M | -461.35M | 189.82M |
| Tax provision | 71.22M | 42.21M | -43.83M | -189.76M | 46.80M |
| Net income | 222.91M | 122.76M | -246.77M | -271.59M | 143.02M |
| Basic EPS | 3.74 | 2.04 | -4.11 | -4.55 | 2.38 |
| Diluted EPS | 3.72 | 2.03 | -4.11 | -4.55 | 2.37 |
| Basic average shares | 59.53M | 60.04M | 60.05M | 59.91M | 59.75M |
| Diluted average shares | 59.53M | 60.04M | 60.05M | 59.91M | 59.75M |
| EBITDA | 552.28M | 402.73M | 300.54M | 368.47M | 492.82M |
| Net income from continuing op. | 222.91M | 122.76M | -246.77M | -271.59M | 143.02M |
| Minority interests | 30,000 | -470,000 | -183,000 | -954,000 | -672,000 |
| Preferred stock dividends | 62,000 | 33,000 | — | — | 369,000 |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 5.72B | 5.55B | 5.40B | 5.92B | 6.08B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 32.58M | 80.58M | 34.81M | 80.34M | 24.74M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 526.69M | 483.41M | 417.96M | 315.28M | 379.17M |
| Other receivables | 52.03M | 114.56M | 149.96M | 284.90M | 104.18M |
| Inventory | 454.39M | 461.85M | 331.35M | 309.68M | 351.40M |
| Prepaid assets | — | — | 69.78M | 57.78M | 58.09M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 69.48M | 71.37M | 69.78M | — | — |
| Non current assets | |||||
| Properties | 152.22M | 154.51M | 167.73M | 174.32M | 159.64M |
| Land and improvements | 39.57M | 38.55M | 602.86M | 615.62M | 553.88M |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | 112.95M | 70.27M | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -1.96B | -1.82B | -1.71B | -1.70B | -1.55B |
| Goodwill | 920.42M | 928.96M | 937.57M | 1.38B | 2.12B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 42.93M | 51.46M | 60.07M | 68.98M | 210.68M |
| Investments and advances | 2.58M | 2.17M | 2.13M | 2.69M | 2.03M |
| Other non current assets | 89.46M | 62.81M | 48.00M | 55.35M | 58.23M |
| Total liabilities | 2.54B | 2.51B | 2.51B | 2.84B | 2.71B |
| Current liabilities | |||||
| Accounts payable | 269.38M | 278.08M | 199.09M | 162.51M | 206.78M |
| Accrued expenses | 128.32M | 118.73M | 152.01M | 147.57M | 154.19M |
| Short term debt | 41.41M | 39.74M | 35.84M | 32.79M | 27.34M |
| Deferred revenue | 134.58M | 119.31M | 72.77M | 45.41M | 42.98M |
| Tax payable | 33.04M | 30.49M | 44.74M | 44.84M | 39.95M |
| Pensions | 69.08M | 55.85M | 39.33M | 32.92M | 42.88M |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 1.15B | 1.22B | 1.32B | 1.63B | 1.51B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 696.56M | 625.88M | 574.15M | 606.84M | 588.20M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 15.83M | 23.21M | 71.25M | 131.70M | 95.98M |
| Shareholders equity | |||||
| Common stock | 6.55M | 6.55M | 6.55M | 6.55M | 6.55M |
| Retained earnings | 2.69B | 2.47B | 2.35B | 2.59B | 2.87B |
| Other shareholders equity | 35.01M | 16.85M | -25.97M | -61.45M | -37.80M |
| Total shareholders equity | 3.19B | 3.05B | 2.89B | 3.09B | 3.37B |
| Additional paid in capital | 863.96M | 859.35M | 854.51M | 844.98M | 835.90M |
| Treasury stock | 411.75M | 308.60M | 295.21M | 299.16M | 301.96M |
| Minority interest | 1.25M | 2.29M | 2.46M | 3.25M | 2.97M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 222.91M | 122.76M | -246.77M | -271.59M | 143.02M | 79.08M | 313.90M | 142.80M | 227.97M | 284.61M | 256.30M | 212.62M | 185.49M | 117.38M | 127.54M | 158.47M | 123.34M | 94.02M | 66.42M | 49.84M | 41.02M | 26.82M | 39.60M | 34.11M | 21.38M | 6.59M | 21.70M | 27.23M | 9.38M | 16.65M | 22.80M | 13.60M | 13.30M | 13.50M | 8.90M |
| Depreciation | 211.16M | 201.44M | 213.72M | 219.92M | 219.63M | 224.97M | 202.88M | 200.92M | 192.24M | 169.31M | 164.44M | 145.15M | 126.03M | 95.30M | 93.97M | 91.20M | 87.26M | 64.40M | 57.41M | 55.12M | 53.33M | 45.51M | -50.24M | -48.20M | 31.28M | 27.38M | -28.10M | -28.39M | -31.73M | -33.83M | -28.10M | -21.40M | 15.00M | 13.80M | 11.60M |
| Deferred Taxes | 65.30M | 37.78M | -44.42M | 25.16M | 46.84M | 34.88M | -256.26M | 51.30M | 62.76M | 77.98M | 103.06M | 77.01M | 70.00M | 34.44M | 42.42M | — | 1.65M | -292,000 | -132,000 | 17.50M | 20.38M | -1.88M | 2.99M | 194,000 | -511,000 | -4.97M | 2.80M | 795,000 | 363,000 | 1.90M | 5.20M | 1.90M | 2.60M | 3.40M | — |
| Stock-Based Compensation | 14.94M | 13.87M | 15.71M | 14.72M | 13.61M | 19.10M | 11.46M | 11.68M | 11.10M | 11.59M | 11.62M | 9.80M | 9.23M | 10.87M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 25.63M | 28.75M | 32.57M | 30.12M | 25.65M | 21.62M | 22.19M | 20.67M | 23.50M | 18.77M | 9.03M | 3.92M | 901,000 | -15,000 | -1.21M | 42.14M | 1.74M | 9.71M | 12.24M | 9.43M | -16.35M | 6.68M | 100.49M | 96.41M | 6.50M | 17.29M | 56.10M | 56.77M | 63.45M | 55.26M | 56.30M | 42.80M | -1.00M | 4.10M | 9.00M |
| Accounts Receivable | -50.14M | -31.55M | 29.13M | -124.94M | 43.08M | 12.51M | -60.41M | -12.75M | 129.91M | -176.54M | 2.24M | -8.74M | -58.35M | -17.56M | 59.08M | -21.28M | 1.87M | -15.54M | -20.32M | -20.69M | -596,000 | -1.09M | 2.26M | -8.17M | 15.11M | 13.82M | -5.20M | -8.08M | -3.13M | -4.72M | -12.80M | -6.80M | -2.30M | -5.80M | -15.40M |
| Accounts Payable | -18.27M | 76.00M | 15.95M | -39.80M | -57.41M | 22.62M | 20.76M | -1.74M | -81.81M | 44.65M | 23.09M | -10.48M | 21.49M | 19.26M | -25.93M | -22.89M | 11.74M | 11.28M | 41.38M | 15.84M | -7.55M | 2.13M | -528,000 | 5.02M | 2.68M | -13.99M | -3.80M | 6.47M | 5.45M | 1.20M | -2.60M | 1.20M | 600,000 | 2.90M | 8.40M |
| Other Assets & Liabilities | -29.99M | -154.90M | -57.58M | 17.08M | 97.30M | -182.78M | 2.62M | -27.67M | -22.87M | -70.61M | -4.25M | -51.55M | -40.85M | -4.05M | 5.55M | 13.26M | -26.12M | 16.91M | -7.17M | 6.77M | 2.76M | -18.18M | 1.37M | 1.21M | -3.68M | -13.87M | 6.80M | 1.79M | 1.13M | 6.51M | 18.00M | 10.40M | -1.70M | -2.90M | -7.00M |
| Operating Cash Flow | 441.53M | 294.15M | -41.69M | -129.32M | 531.72M | 232.02M | 257.15M | 385.20M | 542.80M | 359.75M | 565.51M | 377.71M | 313.95M | 255.62M | 301.43M | 260.91M | 201.48M | 180.48M | 149.83M | 133.82M | 93.00M | 59.98M | 95.95M | 80.56M | 72.76M | 32.26M | 50.30M | 56.59M | 44.92M | 42.96M | 58.80M | 41.70M | 26.50M | 29.00M | 15.50M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | 26.08M | 36.91M | 51.34M | 17.31M | 57.66M | 53.14M | 54.23M | 18.62M | 24.43M | 10.39M | 33.98M | 19.65M | 11.82M | 9.73M | 7.39M | 1.98M | -160.67M | -139.13M | -116.00M | -90.94M | -65.29M | -41.77M | -59.16M | -44.10M | 775,000 | 14.07M | -20.50M | -24.44M | -44.22M | -108.19M | -62.70M | -108.20M | -36.30M | -500,000 | -57.40M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -37.50M | -3.90M | -9.12M | -354.97M | -262.49M | -533.90M | -470.10M | -137.07M | -41.25M | -31.80M | -3.64M | -380.93M | -859.51M | — | — | -5.48M | -67.19M | -143.91M | -7.50M | -10.17M | -37.82M | -44.82M | — | -7.94M | — | 39.99M | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | -14.80M | — | — | — | — | — | — | — | — | — | — | — | — | -789,000 | -5.20M | -9.58M | -81.06M | -21.54M | -16.50M | -21.50M | -30.90M | -51.00M | -32.20M |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 13.57M | 6.70M | 1.95M | 1.90M | 6.86M | 50.18M | 22.32M | 12.10M | 22.30M | 27.90M | 55.50M | 36.90M |
| Investing Cash Flow | -11.42M | 33.01M | 42.23M | -337.66M | -204.83M | -481.01M | -415.87M | -118.46M | -16.82M | -21.41M | 30.34M | -361.27M | -877.30M | 9.73M | 7.39M | -1.52M | -224.49M | -431.19M | -124.30M | -101.28M | -103.10M | -125.54M | -56.38M | -38.51M | -236.31M | 90.94M | -25.70M | -41.73M | -83.18M | -112.98M | -65.90M | -112.80M | -38.20M | -13.10M | -62.50M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 240.00M | 310.00M | — | 250.02M | 500.00M | 499.30M | — | — | — | — | 225.00M | 275.00M | 531.65M | — | — | — | — | 107.50M | 200.00M | 62.63M | 250.00M | 116.94M | — | 22.10M | — | — | 50.00M | 8.40M | 82.89M | 183.03M | 124.20M | 183.00M | 15.30M | — | 31.00M |
| Long-Term Debt Payments | -350.00M | -395.00M | -60.00M | -150.00M | -542.38M | -78.46M | -13.72M | — | -100.00M | -108.00M | -460.00M | -39.01M | -33.13M | -105,000 | -47.09M | -50.14M | -13.33M | -96,000 | -218.70M | -50.23M | -510.74M | -50.34M | -43.64M | -50.36M | -5.33M | -5.33M | -77.10M | -5.68M | -51.73M | -104.81M | -112.60M | -104.80M | -3.90M | -8.60M | -32.30M |
| Other Financing Charges | -5.26M | -6.11M | -3.84M | -3.87M | -5.25M | -10.01M | -4.99M | -12.17M | -3.79M | -1.83M | -5.86M | 484,000 | -499,000 | -1.35M | -454,000 | 4.73M | 2.24M | 5.93M | -822,000 | -50.86M | 249.34M | -51.43M | -1.20M | -996,000 | 183.67M | -6.60M | -37.80M | 8.40M | -6.89M | — | — | — | — | — | 50.00M |
| Financing Cash Flow | -179.29M | -112.65M | -311.94M | 346.18M | -465.00M | 331.60M | 251.15M | -66.85M | -184.11M | -49.60M | -391.82M | 333.59M | 593.02M | -25.25M | -94.20M | -127.83M | -11.10M | 121.73M | -472,000 | -28.91M | -6.50M | 13.69M | -43.37M | -43.70M | 166.65M | -100.12M | -75.10M | -13.86M | -8.88M | 78.36M | 11.90M | 78.20M | 10.90M | -15.70M | 45.50M |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 32.58M | 80.58M | 34.81M | 80.34M | 24.74M | 7.80M | 20.10M | 5.63M | 5.89M | 24.30M | 4.02M | 11.06M | 16.25M | 195.60M | 97.84M | 8.65M | 5.12M | 2.65M | 17.84M | 629,000 | 4.06M | 1.43M | 1.85M | 4.66M | 3.57M | 861,000 | 2.00M | 1.54M | 1.46M | 7.30M | — | — | — | — | — |
| Income Tax Paid | — | 2.55M | — | — | 2.93M | 640,000 | 27.20M | 18.16M | 69.58M | 90.46M | 46.14M | 52.11M | 34.93M | 50.74M | 31.01M | 65.18M | 63.34M | 55.07M | 28.07M | 2.68M | 16.31M | 18.50M | 24.59M | 20.04M | 10.33M | 19.00M | 9.76M | 9.57M | 6.70M | 2.75M | — | — | — | — | — |
| Interest Paid | 49.32M | 42.82M | 40.88M | 48.72M | 55.77M | 40.77M | 21.66M | 19.88M | 20.59M | 19.62M | 21.39M | 21.36M | 16.46M | 10.60M | 10.90M | 14.00M | 20.17M | 15.15M | 11.69M | 12.75M | 13.44M | 14.44M | 18.28M | 24.54M | 12.24M | 11.64M | 12.64M | 12.92M | 11.38M | 10.19M | — | — | — | — | — |
| Free Cash Flow | 138.50M | 121.52M | 223.56M | 296.76M | 263.65M | 45.14M | 176.16M | 184.73M | 178.81M | 83.77M | 347.81M | 13.56M | 85.76M | 108.41M | 127.23M | 72.93M | 71.66M | 11.24M | 19.70M | 33.15M | 39.87M | 24.85M | 37.78M | 35.62M | 59.65M | -19.40M | 39.00M | 27.66M | 36.95M | -70.65M | -2.40M | -70.60M | -9.80M | 28.50M | -41.90M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Neuberger & Berman Genesis Fund | Nov 30, 2024 | 1,881,312 | 201.15M | 3.28% |
| iShares Core S&P Midcap ETF | Nov 30, 2024 | 1,859,569 | 198.83M | 3.24% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,847,427 | 197.53M | 3.22% |
| Eaton Vance Atlanta Capital SMID-Cap Fd | Sep 30, 2024 | 1,674,484 | 179.04M | 2.92% |
| Vanguard Explorer Fund, Inc. | Oct 31, 2024 | 1,532,152 | 163.82M | 2.67% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 1,449,706 | 155.00M | 2.53% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 981,159 | 104.91M | 1.71% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 863,749 | 92.35M | 1.50% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 711,105 | 76.03M | 1.24% |
| First Trust RBA American Industrial RenaissanceTM ETF | Nov 30, 2024 | 629,128 | 67.27M | 1.10% |
Article
Kirby Surpasses Q4 Earnings Estimates, Lags on Revenues
KEX's fourth-quarter 2024 earnings and revenues increase year over year.
Feb 4, 2025
Article
Kirby Corporation (KEX) Q4 2024 Earnings Call Transcript
Kirby Corporation (NYSE:KEX ) Q4 2024 Earnings Conference Call January 30, 2025 8:30 AM ET Company Participants Kurt Niemietz - VP, IR & Treasurer David Grzebinski - CEO Raj Kumar - CFO Christian O'Neil - President & COO Conference Call Participants Reed Seay - Stephens Benjamin Nolan - Stifel Adam Roszkowski - Bank of America Sherif Elmaghrabi - BTIG Greg Wasikowski - Webber Research Operator Good morning, and welcome to the Kirby Corporation 2024 Fourth Quarter Earnings Conference Call. All participants will be in a listen-only mode.
Jan 31, 2025
Article
Kirby (KEX) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Kirby (KEX) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Jan 30, 2025
