Every material Form 8-K Kirby has filed with the SEC since October 26, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Kirby reported third-quarter 2026 net earnings attributable to Kirby of $110.8 million, or $2.09 per diluted share, up from $1.65 a year earlier, on revenue of $977.2 million versus $871.2 million. The company narrowed its full-year 2026 EPS growth guidance to 10% to 15% and said it expects results toward the upper end of that range, while also agreeing to buy inland marine assets for $115 million.
Q3 2026 diluted EPS of $2.09 versus $1.65 in Q3 2025; net earnings attributable to Kirby of $110.8 million versus $92.5 million
Total revenues of $977.2 million versus $871.2 million; marine transportation revenues of $568.7 million and distribution and services revenues of $408.5 million
Agreement to acquire inland marine assets for $115 million, expected to close in Q4 2026 subject to customary conditions
Kirby repurchased $112 million of shares in Q3 2026; free cash flow was $74.0 million versus $160.3 million a year earlier
Kirby Corporation said its Vice President, Controller and Assistant Secretary, Ronald A. Dragg, intends to retire in the first quarter of 2027, after the Company files its 2026 Form 10-K. He will keep his current roles through the transition, and the filing says his retirement does not involve any disagreement with the Company on operations, accounting or controls.
Ronald A. Dragg, 62, notified the Company on October 6, 2026 of his plan to retire.
Retirement is planned for the first quarter of 2027, after the 2026 Form 10-K is filed.
Dragg will continue in his positions and help ensure an orderly transition.
Compensation terms for the retirement have not been set; the Company will file an amended 8-K if a material arrangement is approved.
Kirby reported second-quarter 2026 revenue of $922.4 million, up from $855.5 million a year earlier, while net earnings attributable to Kirby fell to $89.7 million from $94.3 million and diluted EPS was flat at $1.67. The company said it expects full-year 2026 results to trend toward the upper end of its 5% to 15% EPS growth guidance range, and it has continued share repurchases.
Q2 2026 revenue $922.4 million vs. $855.5 million in Q2 2025; operating income $122.4 million vs. $131.8 million
Diluted EPS $1.67 in both Q2 2026 and Q2 2025; EBITDA (non-GAAP) $199.7 million vs. $202.2 million
Full-year 2026 EPS growth guidance of 5% to 15% reaffirmed, with results expected toward the upper end
Share repurchases of $59.7 million in Q2 2026 and $29.0 million in Q3 2026 to date
Kirby reported first-quarter 2026 net earnings attributable to Kirby of $81.2 million, or $1.50 per diluted share, up from $76.0 million, or $1.33 per share, a year earlier, on revenue of $844.1 million compared with $785.7 million. The company raised its full-year 2026 earnings per share growth guidance to 5% to 15%, up from 0% to 12%, citing improved marine market conditions and power generation demand.
Q1 2026 diluted EPS $1.50 vs. $1.33; net earnings attributable to Kirby $81.2 million vs. $76.0 million
Total revenues $844.1 million vs. $785.7 million; EBITDA (non-GAAP) $183.1 million vs. $174.3 million
2026 EPS growth guidance raised to 5% to 15% from 0% to 12%; distribution and services operating margin was 6.7% vs. 7.3%
Q1 share repurchases of $52.7 million at an average price of $123.18; stockholders elected three Class I directors on April 27, 2026
Kirby Corporation entered into an amended and restated credit agreement dated March 26, 2026, extending the facility's maturity to March 26, 2031 and raising revolving commitments to $750 million, while removing the term loan. Kirby borrowed $200 million under the revolver, of which $20 million had been repaid by the filing date, with proceeds used to refinance the prior agreement's debt, fund a vessel equipment acquisition and support share repurchases.
Revolving credit facility commitments increased to $750 million; maturity extended to March 26, 2031
Kirby borrowed $200 million on March 26, 2026; $20 million repaid before the filing
Borrowings refinanced the 2027 agreement, including a $70 million term loan balance, and funded an acquisition and share repurchases
Financial covenants include interest coverage of at least 2.5 to 1.0 and debt to capitalization of no more than 60 percent
Kirby Corporation expanded its Board of Directors from nine to ten members and elected Tracy A. Embree, former President of Otis Americas, as an independent Class I director effective February 16, 2026. The filing describes this as a board appointment with director pay, and it reports no financial results or change to executive roles.
Board expanded from nine to ten directors; Tracy A. Embree elected effective February 16, 2026 to serve until the 2026 annual meeting
Embree has more than 25 years of experience in power generation, manufacturing and distribution, including roles at Otis Worldwide and Cummins, Inc.
Director pay includes an automatic restricted stock grant of approximately $41,875 and a prorated annual fee of $21,250 paid quarterly
Kirby reported fourth-quarter 2025 net earnings attributable to Kirby of $91.8 million, or $1.68 per diluted share, versus $0.74 a year earlier, on revenue of $851.8 million compared with $802.3 million. The prior-year quarter included a $56.3 million impairment, and excluding one-time items the 2024 fourth-quarter figure was $1.29 per share. The company expects 2026 earnings per share to be flat to up 12% year over year.
Q4 2025 diluted EPS $1.68 vs $0.74 in Q4 2024; Q4 2024 excluding one-time items was $1.29
Full-year 2025 diluted EPS $6.33 vs $4.91 in 2024; revenue $3.4 billion vs $3.3 billion
Q4 2025 Marine Transportation operating margin 20.8% vs 18.4%; Distribution and Services margin 8.1% vs 8.0%
Kirby repurchased 1,030,729 shares for $101.6 million in Q4 2025 and reduced debt by $130 million
Kirby reported third quarter 2025 net earnings attributable to Kirby of $92.5 million, or $1.65 per diluted share, up from $1.55 a year earlier, on revenue of $871.2 million versus $831.1 million. Marine transportation operating income fell to $88.6 million, while distribution and services operating income rose to $42.7 million, and the company repurchased $120.0 million of stock in the quarter.
Diluted EPS of $1.65 versus $1.55 in the 2024 third quarter; revenue of $871.2 million versus $831.1 million
Marine transportation operating income of $88.6 million versus $99.5 million, with operating margin of 18.3% versus 20.5%
Distribution and services revenue of $386.2 million versus $345.1 million, with power generation revenue up 56% year-over-year
Kirby repurchased shares for $120.0 million in the third quarter and $36 million so far in the fourth quarter; full-year 2025 operating cash flow expected at $620 million to $720 million
Kirby reported second-quarter 2025 diluted earnings per share of $1.67, up from $1.43 a year earlier, on revenue of $855.5 million, up from $824.4 million. Management said that if current softness in trade flows and demand persists, 2025 EPS growth will likely be closer to the low end of the prior 15% to 25% range, which matters to shareholders because it signals weaker expected profit growth for the rest of the year.
Q2 2025 net earnings attributable to Kirby were $94.3 million, or $1.67 per diluted share, versus $83.9 million, or $1.43, in Q2 2024
Q2 2025 revenue was $855.5 million, versus $824.4 million; free cash flow was $22.5 million, versus $90.7 million
If current softness persists, 2025 EPS growth will likely be closer to the lower end of the prior 15% to 25% guidance
Total debt rose to $1,117.8 million at June 30, 2025, from $874.9 million at December 31, 2024
Kirby reported first-quarter 2025 net earnings attributable to Kirby of $76.0 million, or $1.33 per diluted share, up from $1.19 a year earlier, while consolidated revenue fell to $785.7 million from $808.0 million. The company cited improved marine market conditions but said weather and lock delays rose sharply, and it expects earnings and free cash flow to strengthen as 2025 progresses. Shareholders also elected three directors, ratified KPMG LLP as auditor, and approved executive compensation at the April 29, 2025 annual meeting.
Net earnings attributable to Kirby were $76.0 million, or $1.33 per diluted share, versus $70.1 million, or $1.19 per share, in the first quarter of 2024.
Consolidated revenues were $785.7 million, compared with $808.0 million in the first quarter of 2024.
Kirby repurchased $124.7 million of stock year-to-date through April 30, 2025, and expects to use most free cash flow for buybacks absent meaningful acquisitions.
At the April 29, 2025 annual meeting, shareholders elected Anne-Marie N. Ainsworth, William M. Waterman and Shawn D. Williams as Class III directors.
Kirby reported fourth quarter 2024 results. GAAP net earnings attributable to Kirby fell to $42.8 million, or $0.74 per share, from $61.9 million, or $1.04 per share, a year earlier, after a $56.3 million non-cash impairment charge. Excluding one-time items, adjusted earnings were $74.9 million, or $1.29 per share, and revenues rose slightly to $802.3 million, and the company expects 2025 earnings per share growth of 15% to 25%.
Q4 2024 GAAP EPS $0.74 vs. $1.04 in Q4 2023; adjusted EPS $1.29, up 24% year over year
Q4 revenues $802.3 million vs. $799.2 million in Q4 2023
$56.3 million non-cash impairment in Distribution and Services, mainly conventional diesel fracturing equipment inventory
2025 outlook: earnings per share growth of 15% to 25% year over year; operating cash flow of $620 million to $720 million
Kirby reported third-quarter 2024 net earnings attributable to Kirby of $90.0 million, or $1.55 per diluted share, up from $63.0 million, or $1.05 per share, a year earlier. Revenue rose 9% to $831.1 million, and marine transportation operating margin widened to 20.5% from 14.8%. The company guided to lower sequential fourth-quarter revenue in inland and coastal marine and in distribution and services, and to full-year operating cash flow of $600 million to $700 million.
Q3 2024 diluted EPS was $1.55 versus $1.05 in Q3 2023; net earnings attributable to Kirby were $90.0 million versus $63.0 million.
Consolidated revenue was $831.1 million versus $764.8 million; marine transportation revenue was $486.1 million and distribution and services revenue was $345.1 million.
Free cash flow was $130.1 million in the quarter, and Kirby repurchased 483,335 shares for $55.8 million.
For Q4 2024, inland revenue is expected to be flat to slightly down sequentially and coastal revenue down in the mid-single digits; full-year capital spending is expected at $325 million to $355 million.
Kirby reported second-quarter 2024 net earnings attributable to Kirby of $83.9 million, or $1.43 per diluted share, up from $57.4 million, or $0.95 per share, a year earlier, on revenue of $824.4 million versus $777.2 million. The company said it expects 2024 growth at the higher end of its previously guided range, which supports earnings expectations for shareholders. The filing also reports the appointment of Amy D. Husted as general counsel, with a one-time equity grant.
Q2 2024 net earnings attributable to Kirby of $83.9 million, $1.43 per diluted share, versus $57.4 million, $0.95 per share, in Q2 2023
Consolidated revenue of $824.4 million versus $777.2 million; marine transportation operating margin 19.6% versus 15.0%
Company expects 2024 net cash from operating activities of $600 million to $700 million and growth at the higher end of its previously guided range
Amy D. Husted appointed Executive Vice President, General Counsel and Secretary on July 29, 2024, with a $100,000 target-value RSU grant on August 5, 2024
Kirby reported first quarter 2024 net earnings attributable to Kirby of $70.1 million, or $1.19 per diluted share, up from $40.7 million, or $0.68 per share, a year earlier, on revenue of $808.0 million versus $750.4 million. The company also said it expects quarterly earnings to strengthen as the year progresses and named Christian G. O'Neil as President and Chief Operating Officer, effective April 26, 2024.
Net earnings attributable to Kirby were $70.1 million, or $1.19 per diluted share, versus $40.7 million, or $0.68 per share, in the first quarter of 2023.
Consolidated revenues were $808.0 million versus $750.4 million; marine transportation revenues were $475.4 million and distribution and services revenues were $332.6 million.
Christian G. O'Neil, 52, will become President and Chief Operating Officer at the conclusion of the 2024 Annual Stockholder Meeting on April 26, 2024; his compensation arrangement has not been determined.
For 2024, Kirby expects net cash provided by operating activities of $600 million to $700 million and capital spending of $290 million to $330 million.
Kirby reported fourth-quarter 2023 net earnings attributable to Kirby of $61.9 million, or $1.04 per diluted share, up from $37.3 million, or $0.62, a year earlier, on revenue of $799.2 million versus $730.2 million. The company also said it expects 2024 earnings to grow 30% to 40% year over year and projected 2024 operating cash flow of $600 million to $700 million, and Chairman Joseph H. Pyne will retire, with Richard J. Alario succeeding him as chairman at the April 26, 2024 annual meeting.
Q4 2023 diluted EPS of $1.04 vs. $0.62 in Q4 2022; revenue of $799.2 million vs. $730.2 million
Full-year 2023 diluted EPS of $3.72 vs. $2.03 in 2022; revenue of $3.1 billion vs. $2.8 billion
2024 outlook: earnings growth of 30% to 40% and operating cash flow of $600 million to $700 million
Joseph H. Pyne retires as chairman; Richard J. Alario becomes chairman effective April 26, 2024
Kirby reported third quarter 2023 net earnings attributable to Kirby of $63.0 million, or $1.05 per diluted share, up from $39.1 million, or $0.65, a year earlier, on revenue of $764.8 million versus $745.8 million. Shareholders gain a clear year-over-year improvement in both earnings and revenue, and the company gave an outlook for the fourth quarter and full-year 2023 cash flow and capital spending.
Q3 2023 net earnings attributable to Kirby were $63.0 million, or $1.05 per diluted share, versus $39.1 million, or $0.65, in Q3 2022.
Consolidated revenues were $764.8 million in Q3 2023 compared with $745.8 million in Q3 2022.
Operating margins were 14.8% in marine transportation (9.6% a year earlier) and 9.9% in distribution and services (7.1% a year earlier).
For 2023, Kirby expects net cash provided by operating activities of $475 million to $525 million and capital spending of $330 million to $380 million.
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