Kirby Corp. (KEX) Reports In-Line Q1 EPS

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Go back to Kirby Corp. (KEX) Reports In-Line Q1 EPS

Kirby Corporation Announces 2017 First Quarter Results

April 26, 2017 5:00 PM EDT

HOUSTON, April 26, 2017 /PRNewswire/ -- Kirby Corporation ("Kirby") (NYSE: KEX) today announced net earnings attributable to Kirby for the first quarter ended March 31, 2017 of $27.5 million, or $0.51 per share, compared with $38.1 million, or $0.71 per share, for the 2016 first quarter.  Consolidated revenues for the 2017 first quarter were $491.7 million compared with $458.7 million reported for the 2016 first quarter.

David Grzebinski, Kirby's President and Chief Executive Officer, commented, "Our first quarter results were in line with our expectations.  In our inland marine transportation market, barge utilization was in the high 80% to low 90% range for the quarter.... More