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

Kirby Q1 EPS rises to $1.33 as revenue falls to $785.7 million

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyKirby (KEX)
Form8-K, current report
Filed with the SECMay 1, 2025, 1:27 PM ET
Accession number0000950170-25-061643

Items reported: 2.02 Results of Operations5.07 Shareholder Vote Results

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 May 01, 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.