Kirby Corp. (KEX) Misses Q1 EPS by 5c

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Go back to Kirby Corp. (KEX) Misses Q1 EPS by 5c

Kirby Corporation Announces 2018 First Quarter Results

April 25, 2018 5:00 PM EDT

HOUSTON, April 25, 2018 /PRNewswire/ -- Kirby Corporation ("Kirby") (NYSE: KEX) today announced GAAP net earnings attributable to Kirby for the first quarter ended March 31, 2018 of $32.5 million, or $0.54 per share, compared with $27.5 million, or $0.51 per share, for the 2017 first quarter.  Consolidated revenues for the 2018 first quarter were $741.7 million compared with $491.7 million reported for the 2017 first quarter. 

Kirby's first quarter results were impacted by one-time expenses associated with the recent acquisition of Higman Marine, Inc. ("Higman"), an amendment to the employee stock plan, and severance as... More