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Kirby Corp. (KEX)
NYSE:KEX
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.3Last Year’s EPS
1.19Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -3.49%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with strong financial performance and growth in certain segments like power generation and coastal marine transportation. However, challenges included significant inventory write-downs, declines in oil and gas revenues, and seasonal as well as weather-related impacts on operations. Despite these challenges, the company remains optimistic about future growth and market conditions.Company Guidance
In the Kirby Corporation's 2024 Fourth Quarter Earnings Call, executives provided detailed guidance on various performance metrics and future expectations. The company reported adjusted earnings per share of $1.29, reflecting a 24% year-over-year increase. Free cash flow exceeded $151 million, enabling debt reduction by $105 million and $33 million in stock repurchases. Inland marine transportation maintained barge utilization rates in the 90% range, with operating margins around 20%. Coastal operations saw utilization in the mid-to-high 90% range, with term contract renewals increasing by 20-30% year-over-year. Distribution and services achieved a 36% year-over-year revenue growth in power generation, despite a 38% decline in oil and gas revenues. Overall, Kirby anticipates a strong 2025 with a projected 15-25% increase in earnings per share, driven by favorable market conditions and disciplined capital allocation.Strong Year-over-Year Financial Performance
Adjusted earnings per share increased by 24% year-over-year, reflecting good execution despite seasonal challenges.
Significant Free Cash Flow Generation
Over $151 million of free cash flow was generated in the quarter, used to pay down $105 million in debt and repurchase $33 million of stock.
Inland Marine Term Contract Renewals
Term contract renewals in inland marine transportation saw high single-digit increases versus a year ago, with operating margins around 20%.
Coastal Market Performance
Coastal barge utilization was in the mid-to-high 90% range, with term contract renewals increasing in the mid to high 20% year-over-year.
Power Generation Growth
Power generation revenues grew 36% year-over-year, with the segment benefiting from strong demand and several large project wins.
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KEX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $106.56 | $112.12 | +5.22% |
| Oct 30, 2024 | $123.05 | $115.59 | -6.06% |
| Aug 01, 2024 | $122.88 | $113.70 | -7.47% |
| Apr 25, 2024 | $101.05 | $112.16 | +10.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kirby Corp. (KEX) report earnings?
Kirby Corp. (KEX) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Kirby Corp. (KEX) earnings time?
Kirby Corp. (KEX) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KEX EPS forecast?
KEX EPS forecast for the fiscal quarter 2025 (Q1) is 1.3.
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