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

Kirby Q4 GAAP EPS falls to $0.74 on $56.3M impairment; adjusted EPS rises to $1.29

Mixed Impact 3 of 5 earnings Written later

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%.

Key points

  • 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

The filing

CompanyKirby (KEX)
Form8-K, current report
Filed with the SECJan 30, 2025, 2:20 PM ET
Accession number0000950170-25-010957

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 January 30, 2025.

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.