Kirby Corp (N:KEX)
Business Focus: Inland Water Freight
| Sector: Industrials | Industry: Marine Freight & Logistics |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 55 Waugh Drive Suite 1000 HOUSTON TX 77007 |
| Tel: | N/A |
| Website: | https://kirbycorp.com |
| IR: | See website |
| Key People | ||
| Christian G. O'Neil President, Chief Operating Officer | William M. Woodruff Vice President - Public and Governmental Affairs | David W. Grzebinski Chief Executive Officer, Director |
| Raj Kumar Chief Financial Officer, Executive Vice President | Dorman Lynn Strahan President - Kirby Engine Systems | Scott P. Miller Chief Information Officer, Vice President |
| Amy Delaney Husted Vice President, General Counsel, Secretary | Ronald A. Dragg Vice President, Controller, Assistant Secretary | Kurt A. Niemietz Vice President - Investor Relations, Treasurer | Julie Kruger Vice President of Human Resources |
| Business Overview |
| Kirby Corporation is a domestic tank barge operator. The Company transports bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, and coastwise along all three United States coasts. The Company, through its marine transportation segment (KMT), transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barge. It also participates in the transportation of dry-bulk commodities in the United States coastwise trade. Through its distribution and services segment (KDS), it sells after-market service and genuine replacement parts for engines, transmissions, reduction gears and power generation equipment used in oil and gas and commercial and industrial applications. It also rents a variety of power generation and industrial equipment, manufactures and remanufactures oilfield service equipment, including pressure pumping units, and manufactures electric power generation equipment for oilfield service customers. |
| Financial Overview |
| For the three months ended 31 March 2024, Kirby Corp revenues increased 8% to $808M. Net income applicable to common stockholders increased 72% to $70.1M. Revenues reflect Marine transportation segment increase of 15% to $475.4M. Net income benefited from Marine transportation segment income increase of 93% to $83M. Basic Earnings per Share excluding Extraordinary Items increased from $0.68 to $1.20. |
| Employees: | 5,450 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $7,688M as of Mar 31, 2024 |
| Annual revenue (TTM): | $3,149M as of Mar 31, 2024 |
| EBITDA (TTM): | $590.00M as of Mar 31, 2024 |
| Net annual income (TTM): | $252.24M as of Mar 31, 2024 |
| Free cash flow (TTM): | $237.46M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $985.25M as of Mar 31, 2024 |
| Shares outstanding: | 58,300,000 as of May 3, 2024 |
| Index Membership: | Dow Transportation, S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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