Kirby Corp. (KEX) Tops Q2 EPS by 12c, provides outlook

Kirby Corp. (NYSE: KEX) reported Q2 EPS of $1.43, $0.12 better than the analyst estimate of $1.31. Revenue for the quarter came in at $824.39 million versus the consensus estimate of $820.68 million.

2024 Outlook
Commenting on the outlook for the remainder of 2024, Mr. Grzebinski said, “Overall, solid execution and favorable market conditions led to a strong first half of the year for us and we have a favorable outlook for the remainder of the year. We see growth coming in at the higher end of our previously guided range, our balance sheet is strong and we expect to generate significant free cash flow this year. We see favorable markets continuing and expect our businesses will produce strong financial results as we move through the remainder of this year and into next year.”

For earnings history and earnings-related data on Kirby Corp. (KEX) click here.

You May Also Be Interested In

• Jefferies sees a buying opportunity in this S&P 500 sector
• Axos Financial (AX) PT Raised to $120 at Benchmark
• Benchmark Reiterates Buy Rating on Jumia Technologies (JMIA)