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

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

Kirby Corporation Announces 2020 Second Quarter Results

July 30, 2020 7:01 AM EDT

Second quarter 2020 earnings of $0.42 per share

Marine transportation and distribution and services revenues decline amid weak economic conditions, but activity is slowly starting to improve

Marine operating margins increase despite reduced volumes and barge utilization levels

Significant cost reductions implemented across the Company and expect FY2020 capital expenditures down ~40% year-on-year

Strong net cash flow provided by operating activities of $171... More