Kirby Corp. (KEX) Tops Q1 EPS by 15c, Revenues Beat; Withdraws FY20 Guidance

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Go back to Kirby Corp. (KEX) Tops Q1 EPS by 15c, Revenues Beat; Withdraws FY20 Guidance

Kirby Corporation Announces 2020 First Quarter Results and Impact of COVID-19 on Business Operations

May 5, 2020 7:01 AM EDT

First quarter 2020 GAAP loss per share of ($4.15), or earnings per share of $0.59 excluding one-time items of ($4.74) per share
 One-time items include asset impairments in distribution and services of ($5.59) per share, partially offset by a one-time tax benefit of $0.85 per share
 Barge markets were strong with high utilization rates in the first quarter
 Distribution and services oil and gas related activity declined sharply with oil prices
 Full year 2020 earnings per share guidance withdrawn

HOUSTON, May 05, 2020 (GLOBE... More