Kirby Corp. (KEX) Tops Q3 EPS by 5c, Guides FY EPS
Kirby Corp. (NYSE: KEX) reported Q3 EPS of $0.95, $0.05 better than the analyst estimate of $0.90. Revenue for the quarter came in at $521.3 million versus the consensus estimate of $504.4 million.
Kirby Corp. sees FY2012 EPS of $3.53-3.63, versus the consensus of $3.63.
Comments:
"Our earnings guidance for the 2012 fourth quarter is $0.83 to $0.93 per share compared with $1.00 per share reported for the 2011 fourth quarter. Our fourth quarter guidance range reflects our expectation for continued strong inland marine transportation of petrochemical and black oil products, as well as favorable term and spot contract pricing. Our guidance also reflects continued low water restrictions in the Mississippi River System throughout the fourth quarter. We anticipate a normal seasonal decline in our coastal marine transportation market, partially offset by some very modest improvement in utilization. We also anticipate lower results in our diesel engine business due to weaker demand in our land-based business, as well as the timing of power generation projects. The primary difference between the low and high end of our guidance range is the continued lack of visibility in the land-based diesel engine services market, variability in winter weather conditions, and the severity of low water restrictions on the Mississippi River System. For the 2012 year, our earnings per share guidance was narrowed to $3.53 to $3.63 compared with $3.33 per share for the 2011 year."
For earnings history and earnings-related data on Kirby Corp. (KEX) click here.
Kirby Corp. sees FY2012 EPS of $3.53-3.63, versus the consensus of $3.63.
Comments:
"Our earnings guidance for the 2012 fourth quarter is $0.83 to $0.93 per share compared with $1.00 per share reported for the 2011 fourth quarter. Our fourth quarter guidance range reflects our expectation for continued strong inland marine transportation of petrochemical and black oil products, as well as favorable term and spot contract pricing. Our guidance also reflects continued low water restrictions in the Mississippi River System throughout the fourth quarter. We anticipate a normal seasonal decline in our coastal marine transportation market, partially offset by some very modest improvement in utilization. We also anticipate lower results in our diesel engine business due to weaker demand in our land-based business, as well as the timing of power generation projects. The primary difference between the low and high end of our guidance range is the continued lack of visibility in the land-based diesel engine services market, variability in winter weather conditions, and the severity of low water restrictions on the Mississippi River System. For the 2012 year, our earnings per share guidance was narrowed to $3.53 to $3.63 compared with $3.33 per share for the 2011 year."
For earnings history and earnings-related data on Kirby Corp. (KEX) click here.