Reported Earnings • Jul 30
Second quarter 2026 earnings released: EPS: US$1.68 (vs US$1.68 in 2Q 2025) Second quarter 2026 results: EPS: US$1.68. Revenue: US$922.4m (up 7.8% from 2Q 2025). Net income: US$89.7m (down 4.8% from 2Q 2025). Profit margin: 9.7% (down from 11% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Shipping industry in Europe. Aankondiging • Jul 29
Kirby Corporation Provides Earnings Guidance for the Year 2026 Kirby Corporation provided earnings guidance for the year 2026. For the year, the company expects full-year earnings per share growth guidance of 5% to 15%. Aankondiging • Jun 29
Kirby Corporation to Report Q2, 2026 Results on Jul 29, 2026 Kirby Corporation announced that they will report Q2, 2026 results at 6:00 AM, Central Daylight on Jul 29, 2026 Board Change • May 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Tracy Embree was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 21
President & COO recently sold €1.4m worth of stock On the 15th of May, Christian O'Neil sold around 11k shares on-market at roughly €126 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Christian has been a net seller over the last 12 months, reducing personal holdings by €2.7m. Aankondiging • May 03
Kirby Corporation Raises Earnings Guidance for Full Year 2026 Kirby Corporation raised earnings guidance for full year 2026. The company uncreased the full-year 2026 earnings per share growth guidance range to 5% - 15%, up from the prior guidance of 0% - 12%. Aankondiging • Apr 01
Kirby Corporation to Report Q1, 2026 Results on Apr 30, 2026 Kirby Corporation announced that they will report Q1, 2026 results at 6:00 AM, Central Daylight on Apr 30, 2026 Aankondiging • Mar 09
Kirby Corporation, Annual General Meeting, Apr 27, 2026 Kirby Corporation, Annual General Meeting, Apr 27, 2026. Location: 55 waugh drive, suite 1100, texas 77007, houston United States Aankondiging • Feb 21
Nucor Corporation Appoints Tracy A. Embree as A New Independent Member of the Kirby Board of Directors Effective February 16, 2026 Nucor Corporation announced the appointment of Tracy A. Embree as a new independent member of the Kirby Board of Directors effective February 16, 2026. She will stand for election at the annual meeting of the corporation in April of this year. Ms. Embree is the retired President of Otis Americas, a division of Otis Worldwide Corporation, and brings more than 25 years of global leadership experience across industrial operations, manufacturing, distribution, and services businesses. Her extensive executive background and board experience further strengthen the depth and breadth of expertise on Kirby’s Board of Directors. Ms. Embree is an accomplished leader with extensive experience in power generation. Most recently, Ms. Embree served as President, Otis Americas, where she led the company’s new equipment and service businesses across North and South America, overseeing operations, sales, and service delivery. Prior to Otis, she spent more than two decades at Cummins Inc., where she held several senior leadership roles, including President of Cummins’ Distribution Business and President of Cummins’ Components Business. During her tenure at Cummins, Ms. Embree oversaw global manufacturing, product development, distribution, and operational functions across multiple business segments, with a particular focus on power generation. Ms. Embree currently serves as an independent director at Lennox International Inc. and KLA Corporation, where she is a member of the compensation committees at both companies. She previously served as an independent director of Louisiana-Pacific Corporation, including as a member of its audit committee. Ms. Embree holds a Bachelor of Science degree in Chemical Engineering from the Massachusetts Institute of Technology and a Master of Business Administration from Harvard Business School. Aankondiging • Dec 31
Kirby Corporation to Report Q4, 2025 Results on Jan 29, 2026 Kirby Corporation announced that they will report Q4, 2025 results at 6:00 AM, Central Standard Time on Jan 29, 2026 Aankondiging • Oct 01
Kirby Corporation to Report Q3, 2025 Results on Oct 29, 2025 Kirby Corporation announced that they will report Q3, 2025 results at 6:00 AM, Central Standard Time on Oct 29, 2025 Aankondiging • Jul 01
Kirby Corporation to Report Q2, 2025 Results on Jul 31, 2025 Kirby Corporation announced that they will report Q2, 2025 results at 6:00 AM, Central Daylight on Jul 31, 2025 Aankondiging • May 01
Kirby Corporation Provides Earnings Guidance for the Full Year 2025 Kirby Corporation provided earnings guidance for the full year 2025. Revenues for the full year are expected to increase in the high-single to low-double digit range compared to 2024 driven by higher pricing on contracts. Aankondiging • Apr 01
Kirby Corporation to Report Q1, 2025 Results on May 01, 2025 Kirby Corporation announced that they will report Q1, 2025 results at 6:00 AM, Central Daylight on May 01, 2025 Aankondiging • Mar 10
Kirby Corporation, Annual General Meeting, Apr 29, 2025 Kirby Corporation, Annual General Meeting, Apr 29, 2025. Location: 55 waugh drive, suite 1100, texas 77007, houston United States Aankondiging • Dec 28
Kirby Corporation to Report Q4, 2024 Results on Jan 30, 2025 Kirby Corporation announced that they will report Q4, 2024 results at 6:00 AM, Central Standard Time on Jan 30, 2025 Recent Insider Transactions • Nov 15
President & COO recently sold €613k worth of stock On the 12th of November, Christian O'Neil sold around 5k shares on-market at roughly €123 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Christian has been a net seller over the last 12 months, reducing personal holdings by €1.7m. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €121, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 140% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €227 per share. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$1.56 (vs US$1.06 in 3Q 2023) Third quarter 2024 results: EPS: US$1.56 (up from US$1.06 in 3Q 2023). Revenue: US$831.1m (up 8.7% from 3Q 2023). Net income: US$90.0m (up 43% from 3Q 2023). Profit margin: 11% (up from 8.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Aankondiging • Sep 30
Kirby Corporation to Report Q3, 2024 Results on Oct 30, 2024 Kirby Corporation announced that they will report Q3, 2024 results at 6:00 AM, Central Daylight on Oct 30, 2024 Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$1.44 (vs US$0.96 in 2Q 2023) Second quarter 2024 results: EPS: US$1.44 (up from US$0.96 in 2Q 2023). Revenue: US$824.4m (up 6.1% from 2Q 2023). Net income: US$83.9m (up 46% from 2Q 2023). Profit margin: 10% (up from 7.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Board Change • Aug 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Susan Dio was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Aug 01
Kirby Corporation Provides Earnings Guidance for the Year 2024 Kirby Corporation provided earnings guidance for the year 2024. For the year, With major shipyards and ballast water treatment installations concluded in the first half of the year, revenues for the full year are expected to increase in the low double to mid-teens range compared to the 2023 full year. With some planned shipyards in the fourth quarter of 2024, coastal operating margins are expected to average in the low double-digit range on a full year basis. In the distribution and services segment, despite the uncertainty from volatile commodity prices, expect incremental demand for products. Aankondiging • Jun 29
Kirby Corporation to Report Q2, 2024 Results on Aug 01, 2024 Kirby Corporation announced that they will report Q2, 2024 results at 6:00 AM, Central Daylight on Aug 01, 2024 Recent Insider Transactions • May 17
Independent Director recently sold €1.1m worth of stock On the 15th of May, William Waterman sold around 10k shares on-market at roughly €105 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.4m more than they bought in the last 12 months. Recent Insider Transactions • May 03
Insider recently sold €384k worth of stock On the 1st of May, William Woodruff sold around 4k shares on-market at roughly €102 per share. This transaction amounted to 80% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €713k. Insiders have been net sellers, collectively disposing of €4.0m more than they bought in the last 12 months. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$1.20 (vs US$0.68 in 1Q 2023) First quarter 2024 results: EPS: US$1.20 (up from US$0.68 in 1Q 2023). Revenue: US$808.0m (up 7.7% from 1Q 2023). Net income: US$70.1m (up 72% from 1Q 2023). Profit margin: 8.7% (up from 5.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 29
Kirby Corporation to Report Q1, 2024 Results on Apr 25, 2024 Kirby Corporation announced that they will report Q1, 2024 results at 6:00 AM, Central Daylight on Apr 25, 2024 Aankondiging • Mar 09
Kirby Corporation, Annual General Meeting, Apr 26, 2024 Kirby Corporation, Annual General Meeting, Apr 26, 2024, at 10:00 Central Daylight. Location: 55 Waugh Drive, Suite 1100, Houston Texas United States Agenda: To consider Election of three Class II directors; to consider Ratification of the Audit Committee’s selection of KPMG LLP as Kirby’s independent registered public accounting firm for 2024; and to consider Advisory vote on the approval of the compensation of Kirby’s named executive officers. Recent Insider Transactions • Feb 09
President of Kirby Inland Marine LP recently sold €713k worth of stock On the 6th of February, Christian O'Neil sold around 9k shares on-market at roughly €79.23 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.1m more than they bought in the last 12 months. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: US$3.75 (vs US$2.04 in FY 2022) Full year 2023 results: EPS: US$3.75 (up from US$2.04 in FY 2022). Revenue: US$3.09b (up 11% from FY 2022). Net income: US$222.9m (up 82% from FY 2022). Profit margin: 7.2% (up from 4.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 1.7% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.3%. The fair value is estimated to be €87.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 84% in the next 2 years. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$1.06 (vs US$0.65 in 3Q 2022) Third quarter 2023 results: EPS: US$1.06 (up from US$0.65 in 3Q 2022). Revenue: US$764.8m (up 2.5% from 3Q 2022). Net income: US$63.0m (up 61% from 3Q 2022). Profit margin: 8.2% (up from 5.2% in 3Q 2022). Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 5.7% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Aankondiging • Sep 29
Kirby Corporation to Report Q3, 2023 Results on Oct 26, 2023 Kirby Corporation announced that they will report Q3, 2023 results at 6:00 AM, Central Daylight on Oct 26, 2023 Recent Insider Transactions • Sep 14
Independent Presiding Director recently sold €475k worth of stock On the 12th of September, Richard Alario sold around 6k shares on-market at roughly €79.21 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.5m more than they bought in the last 12 months. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.96 (vs US$0.47 in 2Q 2022) Second quarter 2023 results: EPS: US$0.96 (up from US$0.47 in 2Q 2022). Revenue: US$777.2m (up 11% from 2Q 2022). Net income: US$57.4m (up 102% from 2Q 2022). Profit margin: 7.4% (up from 4.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 9.1% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Aankondiging • Jun 30
Kirby Corporation to Report Q2, 2023 Results on Jul 27, 2023 Kirby Corporation announced that they will report Q2, 2023 results at 6:00 AM, Central Daylight on Jul 27, 2023 Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$0.68 (vs US$0.29 in 1Q 2022) First quarter 2023 results: EPS: US$0.68 (up from US$0.29 in 1Q 2022). Revenue: US$750.4m (up 23% from 1Q 2022). Net income: US$40.7m (up 134% from 1Q 2022). Profit margin: 5.4% (up from 2.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 8.4% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 02
Independent Director recently bought €96k worth of stock On the 28th of February, Rocky Dewbre bought around 1k shares on-market at roughly €68.77 per share. This transaction increased Rocky's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €2.2m more in shares than they bought in the last 12 months. Recent Insider Transactions • Feb 19
VP, General Counsel & Secretary recently sold €504k worth of stock On the 13th of February, Amy Husted sold around 7k shares on-market at roughly €68.01 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €589k. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months. Recent Insider Transactions • Feb 09
President of Kirby Inland Marine LP recently sold €589k worth of stock On the 8th of February, Christian O'Neil sold around 9k shares on-market at roughly €68.06 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.5m more than they bought in the last 12 months. Aankondiging • Feb 04
Kirby Corporation Appoints Rocky B. Dewbre to Board of Directors Kirby Corporation announced the appointment of Rocky B. Dewbre as a new independent member of the Company’s Board, effective immediately, pursuant to a cooperation agreement with Kirby shareholder JCP Investment Management, LLC (JCP). Following the appointment of Mr. Dewbre, the Kirby Board of Directors will expand to eleven directors, nine of whom are independent. Since 2020, Mr. Dewbre has served as President and COO of Mansfield Service Partners, a motor fuels and lubricants distributor. From 2019 to 2021, Mr. Dewbre served on the board of directors and as a member of the audit and compensation committees of Core-Mark Holding Company, a grocery distribution company, until it was acquired by Performance Food Group Company in 2021. From 2017 to 2019, Mr. Dewbre served as CEO of Empire Petroleum Partners, LLC, a motor fuels distributor. From 2016 to 2017, Mr. Dewbre served on the board of directors and as a member of the audit committee for CST Brands Inc., a convenience retailer, until the sale of the company to Alimentation Couche-Tard. From 2013 to 2014, Mr. Dewbre served as Chief Executive Officer of Susser Petroleum Partners, LP, a distributor of motor fuels, until it was acquired by Energy Transfer Partners in 2014. Prior to becoming CEO, Mr. Dewbre served in various leadership roles within Susser Petroleum Partners, LP from 1992 to 2013, including President and COO of two different operating divisions and Chief Financial Officer. From 1988 to 1992, Mr. Dewbre was an auditor and consultant with Deloitte & Touche, LLP. Mr. Dewbre holds a bachelor’s degree in Accounting and Management Information Systems from Texas Tech University, and a master’s degree in Business Administration from the University of Texas at Austin. He is a registered Certified Public Accountant in Texas. Reported Earnings • Feb 01
Full year 2022 earnings released: EPS: US$2.04 (vs US$4.11 loss in FY 2021) Full year 2022 results: EPS: US$2.04 (up from US$4.11 loss in FY 2021). Revenue: US$2.78b (up 24% from FY 2021). Net income: US$122.3m (up US$369.2m from FY 2021). Profit margin: 4.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 10% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Aankondiging • Jan 25
Kirby Corporation Appoints Susan W. Dio to Board of Directors Kirby Corporation announced the appointment of Susan W. Dio to the company’s Board, effective January 24, 2023. Following the appointment of Ms. Dio, the Kirby Board of Directors will expand to ten directors, nine of whom are independent. Ms. Dio is a proven executive with more than 25 years of experience in international refining, petrochemicals and oil and gas. She most recently served as Chairman and President of BP America, providing oversight for BP’s businesses in the United States. She previously served as Chief Executive Officer of BP Shipping, where she reset the organization’s strategy and operations while modernizing the company’s fleet. She also served as BP’s Head of Audit for Refining and Marketing where she focused on integrating safety and operational risk in the organization. From 2018 until her retirement in 2020, Ms. Dio served as Chairman and President of BP America, where she provided leadership and oversight to all BP businesses in the US. Between 2015 and 2018, Ms. Dio was CEO of BP Shipping, which manages the fleet of BP-operated and chartered vessels. While CEO of BP Shipping, she served as an independent director with Britannia Steam Ship Insurance Associations Ltd., a mutual insurance association, and was a director and vice chair of the Oil Companies International Marine Forum. She also was a member of the supervisory board of the UK Chamber of Shipping, a director and advisory committee member on the International Tanker Owners Pollution Federation Limited and a member’s representative with the Alaska Tanker Company. Previously, Ms. Dio was based in Houston as BP’s Head of Audit for Refining and Marketing and ran BP’s Bulwer Island Refinery in Brisbane, Australia. She also led the restructuring of the BP chemicals business at BP’s Texas City site outside of Houston after spending several years managing the commercial business at the company’s former refinery there. Earlier in her career, Ms. Dio worked in other petrochemicals, engineering and commercial roles in Texas, Alabama and London. A certified chemical engineer, Ms. Dio earned her bachelor’s degree with honors in chemical engineering from the University of Mississippi. She subsequently served on engineering advisory councils at Texas A&M University. A champion for women in the energy industry, she received the Manufacturing Institute’s STEP Award for Women in Manufacturing in 2014. Aankondiging • Dec 31
Kirby Corporation to Report Q4, 2022 Results on Jan 31, 2023 Kirby Corporation announced that they will report Q4, 2022 results at 6:00 AM, Central Daylight on Jan 31, 2023 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Shawn Williams was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Shawn Williams was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: US$0.65 (vs US$4.41 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.65 (up from US$4.41 loss in 3Q 2021). Revenue: US$745.8m (up 25% from 3Q 2021). Net income: US$39.1m (up US$303.8m from 3Q 2021). Profit margin: 5.2% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Aankondiging • Oct 25
Kirby Corporation Provides Earnings Guidance for the Year 2022 Kirby Corporation provided earnings guidance for the year 2022. For the full year, with the impact of the Company’s exit from the Hawaiian market, coastal revenues are expected to be flat to up in the low single digits compared to 2021. Aankondiging • Sep 30
Kirby Corporation to Report Q3, 2022 Results on Oct 24, 2022 Kirby Corporation announced that they will report Q3, 2022 results at 6:00 AM, Central Daylight on Oct 24, 2022 Aankondiging • Aug 26
JCP Reportedly Pushing for Breakup or Sale of Kirby Activist investor JCP Investment Management, LLC has built a position in Kirby Corporation (NYSE:KEX) and has been pushing for a strategic review of the barge operator, including breakup or sale of the company, according to people familiar with the matter. JCP, which owns more than a 1% in Kirby, has been privately engaging the company for months about forming a strategic review committee that would include new, independent directors, the people said, asking not to be identified because the matter is private. The investment firm has called for Kirby to explore a separation of its inland marine and distribution and services businesses, which JCP argues have few synergies, the people said. Failing that, JCP, which is run by James Pappas, has called for an outright sale of the company, they added. A representative for JCP declined to comment, while a representative for Kirby wasn’t immediately available for comment. Kirby’s shares rose 3.8% in trading on August 25, 2022 as of 9:35 a.m. in New York, giving the company a market value of about $4.2 billion. The stock has gained about 22% in the past year through Wednesday’s close. A tank barge operator that transports bulk liquid products throughout the US, Kirby is also a service provider and distributor of diesel engines, transmission parts and other industrial equipment, according to its website. David Grzebinski, Kirby’s chief executive officer, said on an earnings call in July that second-quarter profits were buoyed by tight market conditions due to a limited supply of barges and increasing oilfield activity. Despite those tailwinds, JCP has raised concerns about the company’s long-term underperformance relative to peers and the broader S&P 500 Index in meetings with Kirby’s leadership, the people said. It has also raised concerns about its stagnant earnings and its historically large capital expenditures. It has argued that several strategic and financial buyers would be willing to pay a premium for Kirby given its depressed share price and improving markets. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: US$0.47 (vs US$0.17 in 2Q 2021) Second quarter 2022 results: EPS: US$0.47 (up from US$0.17 in 2Q 2021). Revenue: US$698.0m (up 25% from 2Q 2021). Net income: US$28.5m (up 180% from 2Q 2021). Profit margin: 4.1% (up from 1.8% in 2Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 8.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Aankondiging • Jun 25
Kirby Corporation to Report Q2, 2022 Results on Jul 28, 2022 Kirby Corporation announced that they will report Q2, 2022 results at 6:00 AM, Central Daylight on Jul 28, 2022 Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: US$0.29 (vs US$0.056 loss in 1Q 2021) First quarter 2022 results: EPS: US$0.29 (up from US$0.056 loss in 1Q 2021). Revenue: US$610.8m (up 23% from 1Q 2021). Net income: US$17.4m (up US$20.8m from 1Q 2021). Profit margin: 2.9% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to grow 21%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 05
Kirby Corporation to Report Q1, 2022 Results on Apr 28, 2022 Kirby Corporation announced that they will report Q1, 2022 results at 6:00 AM, Central Daylight on Apr 28, 2022 Recent Insider Transactions • Mar 08
Insider recently sold €287k worth of stock On the 7th of March, Joseph Reniers sold around 4k shares on-market at roughly €65.39 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.5m. Insiders have been net sellers, collectively disposing of €4.5m more than they bought in the last 12 months. Aankondiging • Mar 06
Kirby Corporation, Annual General Meeting, Apr 26, 2022 Kirby Corporation, Annual General Meeting, Apr 26, 2022, at 10:00 Central Standard Time. Location: 55 Waugh Drive, Suite 1100 Houston Texas United States Agenda: To consider the election of three Class III directors; to consider the ratification of the Audit Committee’s selection of KPMG LLP as Kirby’s independent registered public accounting firm for 2022; and to consider the advisory vote on the approval of the compensation of Kirby’s named executive officers. Recent Insider Transactions • Feb 01
VP & Chief Human Resource Officer recently sold €330k worth of stock On the 28th of January, Kim Clarke sold around 6k shares on-market at roughly €58.36 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.1m more than they bought in the last 12 months. Reported Earnings • Jan 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$4.11 loss per share (up from US$4.55 loss in FY 2020). Revenue: US$2.25b (up 3.5% from FY 2020). Net loss: US$247.0m (loss narrowed 9.4% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 19%, compared to a 28% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Dec 08
President of Kirby Engine Systems recently sold €64k worth of stock On the 6th of December, Dorman Strahan sold around 1k shares on-market at roughly €49.26 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.5m more than they bought in the last 12 months. Recent Insider Transactions • Nov 03
Independent Director recently bought €457k worth of stock On the 29th of October, Barry Davis bought around 10k shares on-market at roughly €45.73 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €2.6m more in shares than they bought in the last 12 months. Reported Earnings • Oct 29
Third quarter 2021 earnings released: US$4.41 loss per share (vs US$0.46 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$598.9m (up 21% from 3Q 2020). Net loss: US$264.7m (down US$292.2m from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS US$0.17 (vs US$0.42 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$559.6m (up 3.4% from 2Q 2020). Net income: US$10.2m (down 59% from 2Q 2020). Profit margin: 1.8% (down from 4.6% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jun 04
Independent Director recently sold €1.4m worth of stock On the 3rd of June, William Waterman sold around 25k shares on-market at roughly €54.52 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.3m more than they bought in the last 12 months. Executive Departure • May 06
Independent Director has left the company On the 27th of April, Monte Miller's tenure as Independent Director ended after 15.0 years in the role. As of December 2020, Monte personally held 18.22k shares (€754k worth at the time). Monte is the only executive to leave the company over the last 12 months. Reported Earnings • May 02
First quarter 2021 earnings released: US$0.056 loss per share (vs US$5.80 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$496.9m (down 23% from 1Q 2020). Net loss: US$3.38m (loss narrowed 99% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 04
Kirby Corporation, Annual General Meeting, Apr 27, 2021 Kirby Corporation, Annual General Meeting, Apr 27, 2021, at 10:00 Central Daylight. Agenda: To consider election of three class ii directors;; to ratification of the audit committee’s selection of kpmg llp as kirby’s independent registered public accounting firm for 2021; to advisory vote on the approval of the compensation of kirby’s named executive officers; to approval of amendment of the 2005 stock and incentive plan; and to approval of amendment of the 2000 nonemployee director stock plan. Recent Insider Transactions • Feb 27
VP, General Counsel & Secretary recently sold €85k worth of stock On the 25th of February, Amy Husted sold around 2k shares on-market at roughly €53.17 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.2m. Insiders have been net sellers, collectively disposing of €2.9m more than they bought in the last 12 months. Reported Earnings • Feb 25
Full year 2020 earnings released: US$4.55 loss per share (vs US$2.38 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$2.17b (down 24% from FY 2019). Net loss: US$272.5m (down 292% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue misses expectations Revenue missed analyst estimates by 0.2%. Over the next year, revenue is forecast to stay flat compared to a 8.3% growth forecast for the Shipping industry in Germany. Is New 90 Day High Low • Feb 23
New 90-day high: €51.50 The company is up 15% from its price of €44.60 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €51.53 per share. Is New 90 Day High Low • Feb 05
New 90-day high: €48.20 The company is up 44% from its price of €33.40 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €54.35 per share. Recent Insider Transactions • Feb 05
Independent Director recently sold €1.2m worth of stock On the 4th of February, William Waterman sold around 25k shares on-market at roughly €48.21 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.7m more than they bought in the last 12 months. Reported Earnings • Jan 30
Full year 2020 earnings released: US$4.55 loss per share (vs US$2.38 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$2.17b (down 24% from FY 2019). Net loss: US$272.5m (down 292% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue misses expectations Revenue missed analyst estimates by 0.2%. Over the next year, revenue is forecast to stay flat compared to a 12% growth forecast for the Shipping industry in Germany. Aankondiging • Jan 13
Kirby Corporation to Report Q4, 2020 Results on Jan 28, 2021 Kirby Corporation announced that they will report Q4, 2020 results at 7:00 AM, US Eastern Standard Time on Jan 28, 2021 Is New 90 Day High Low • Jan 09
New 90-day high: €46.80 The company is up 41% from its price of €33.20 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €68.97 per share. Is New 90 Day High Low • Dec 10
New 90-day high: €45.00 The company is up 37% from its price of €32.80 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €59.46 per share. Is New 90 Day High Low • Nov 17
New 90-day high: €39.20 The company is up 7.0% from its price of €36.80 on 19 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €62.50 per share. Recent Insider Transactions • Nov 13
Insider recently sold €156k worth of stock On the 12th of November, Joseph Reniers sold around 4k shares on-market at roughly €38.09 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.6m more than they bought in the last 12 months. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS US$0.46 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$496.6m (down 26% from 3Q 2019). Net income: US$27.4m (down 43% from 3Q 2019). Profit margin: 5.5% (down from 7.2% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 90% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue misses expectations Revenue missed analyst estimates by 6.0%. Over the next year, revenue is expected to shrink by 5.0% compared to a 2.9% growth forecast for the Shipping industry in Germany. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of US$292.3m, with earnings decreasing by US$407.5m from the prior year. Total revenue was US$2.34b over the last 12 months, down 20% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 6.0% at US$496.6m. Revenue is forecast to grow 4.3% over the next year, compared to a 2.8% growth forecast for the Shipping industry in Germany. Aankondiging • Oct 06
Kirby Corporation to Report Q3, 2020 Results on Oct 29, 2020 Kirby Corporation announced that they will report Q3, 2020 results at 6:00 AM, Central Daylight on Oct 29, 2020 Is New 90 Day High Low • Sep 25
New 90-day low: €31.20 The company is down 34% from its price of €47.60 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €59.77 per share. Aankondiging • Jul 31
Kirby Corporation (NYSE:KEX) completed the acquisition of substantially all the assets of Convoy Servicing Company and Agility Fleet Services, LLC. Kirby Corporation (NYSE:KEX) signed an agreement to acquire substantially all the assets of Convoy Servicing Company and Agility Fleet Services, LLC for approximately $40 million on October 31, 2019. The purchase price is before the post-closing adjustments. The transaction is subject to customary closing conditions and expected to close in the first quarter of 2020.
Kirby Corporation (NYSE:KEX) completed the acquisition of substantially all the assets of Convoy Servicing Company and Agility Fleet Services, LLC on January 3, 2020. Financing of the acquisition was through borrowings under the Kirby’s Revolving Credit Facility. The transaction is expected to be accretive to Kirby's earnings in 2020.