Every material Form 8-K Kirby filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
Kirby reported second-quarter 2024 net earnings attributable to Kirby of $83.9 million, or $1.43 per diluted share, up from $57.4 million, or $0.95 per share, a year earlier, on revenue of $824.4 million versus $777.2 million. The company said it expects 2024 growth at the higher end of its previously guided range, which supports earnings expectations for shareholders. The filing also reports the appointment of Amy D. Husted as general counsel, with a one-time equity grant.
Q2 2024 net earnings attributable to Kirby of $83.9 million, $1.43 per diluted share, versus $57.4 million, $0.95 per share, in Q2 2023
Consolidated revenue of $824.4 million versus $777.2 million; marine transportation operating margin 19.6% versus 15.0%
Company expects 2024 net cash from operating activities of $600 million to $700 million and growth at the higher end of its previously guided range
Amy D. Husted appointed Executive Vice President, General Counsel and Secretary on July 29, 2024, with a $100,000 target-value RSU grant on August 5, 2024
Kirby reported first quarter 2024 net earnings attributable to Kirby of $70.1 million, or $1.19 per diluted share, up from $40.7 million, or $0.68 per share, a year earlier, on revenue of $808.0 million versus $750.4 million. The company also said it expects quarterly earnings to strengthen as the year progresses and named Christian G. O'Neil as President and Chief Operating Officer, effective April 26, 2024.
Net earnings attributable to Kirby were $70.1 million, or $1.19 per diluted share, versus $40.7 million, or $0.68 per share, in the first quarter of 2023.
Consolidated revenues were $808.0 million versus $750.4 million; marine transportation revenues were $475.4 million and distribution and services revenues were $332.6 million.
Christian G. O'Neil, 52, will become President and Chief Operating Officer at the conclusion of the 2024 Annual Stockholder Meeting on April 26, 2024; his compensation arrangement has not been determined.
For 2024, Kirby expects net cash provided by operating activities of $600 million to $700 million and capital spending of $290 million to $330 million.
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.
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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Kirby filing is on SEC EDGAR ↗. 8-K briefs of other companies →