Kirby Q3 EPS rises to $1.55 from $1.05 as revenue climbs 9% to $831.1 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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 12:58 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 October 30, 2024.
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