Kirby Corp. (KEX) Misses Q2 EPS by 3c

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Kirby Corporation Announces 2017 Second Quarter Results

July 26, 2017 4:15 PM EDT

HOUSTON, July 26, 2017 /PRNewswire/ -- Kirby Corporation ("Kirby") (NYSE: KEX) today announced net earnings attributable to Kirby for the second quarter ended June 30, 2017 of $25.8 million, or $0.48 per share, compared with $38.9 million, or $0.72 per share, for the 2016 second quarter.       Second quarter net earnings includes pre-tax expenses of $0.7 million, or approximately $0.01 per share, related to the pending acquisition of Stewart & Stevenson LLC ("S&S").  Consolidated revenues for the 2017 second quarter were $473.3 million compared with $441.6 million reported for the 2016 second quarter.

David Grzebinski, Kirby's President and Chief Executive Officer, commented, "Our second quarter reflected... More