Kirby Corp. (KEX) Misses Q3 EPS by 14c

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Go back to Kirby Corp. (KEX) Misses Q3 EPS by 14c

Kirby Corporation Announces 2021 Third Quarter Results

October 28, 2021 7:00 AM EDT

Third quarter 2021 GAAP loss per share of $(4.41) including a noncash impairment charge related to coastal marine equipment and goodwill

Third quarter 2021 adjusted earnings per share of $0.17

Hurricane Ida reduced earnings by approximately $0.08 per share
 Distribution and services delivered strong revenue and operating income improvement led by growth in the oil and gas businesses
 The inland marine market has experienced meaningful market improvement during October with Kirbys barge utilization rising into the high 80% range... More