Kirby Q3 diluted EPS rises 62% to $1.05 as revenue grows to $764.8 million
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:58 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 26, 2023.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.