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AI brief of an SEC Form 8-K · Kirby (KEX)

Kirby Q4 EPS rises to $1.04 from $0.62; Chairman Joseph Pyne to retire in April 2024

Positive Impact 4 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyKirby (KEX)
Form8-K, current report
Filed with the SECFeb 1, 2024, 5:01 PM ET
Accession number0000950170-24-009859

Items reported: 2.02 Results of Operations5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing 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 February 01, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.