BofA/Merrill Lynch Downgrades Kirby (KEX) Two Notches to Underperform

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Kirby Corporation Announces 2015 First Quarter Results

April 29, 2015 5:01 PM EDT

HOUSTON, April 29, 2015 /PRNewswire/ -- Kirby Corporation ("Kirby") (NYSE: KEX) today announced net earnings attributable to Kirby for the first quarter ended March 31, 2015 of $61.1 million, or $1.09 per share, compared with $62.2 million, or $1.09 per share, for the 2014 first quarter.  Consolidated revenues for the 2015 first quarter were $587.7 million compared with $589.2 million reported for the 2014 first quarter.

David Grzebinski, Kirby's President and Chief Executive Officer, commented, "Our results for the first quarter were near the middle of our guidance range as demand across the majority of the products we carry in the... More