Kirby (KEX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
- The headline numbers for Kirby (KEX) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 04/25/2024
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Kirby (KEX) Q1 Earnings and Revenues Surpass Estimates
- Kirby (KEX) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.68 per share a year ago.
- 04/25/2024
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Seeking Clues to Kirby (KEX) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
- Beyond analysts' top -and-bottom-line estimates for Kirby (KEX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
- 04/24/2024
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TNK or KEX: Which Is the Better Value Stock Right Now?
- Investors interested in Transportation - Shipping stocks are likely familiar with Teekay Tankers (TNK) and Kirby (KEX). But which of these two stocks is more attractive to value investors?
- 04/23/2024
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Will Kirby (KEX) Beat Estimates Again in Its Next Earnings Report?
- Kirby (KEX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 04/22/2024
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Kirby (KEX) Is a Great Choice for 'Trend' Investors, Here's Why
- If you are looking for stocks that are well positioned to maintain their recent uptrend, Kirby (KEX) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
- 04/18/2024
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Here's Why Kirby (KEX) Stock Is a Compelling Portfolio Addition
- Kirby's (KEX) top line gains from strong segmental performance, riding the tailwind of increased demand for distribution and services.
- 04/08/2024
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Kirby Corporation (KEX) Hit a 52 Week High, Can the Run Continue?
- Kirby (KEX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 04/04/2024
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Here's Why Momentum in Kirby (KEX) Should Keep going
- Kirby (KEX) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
- 04/02/2024
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Kirby Corporation Announces Date for 2024 First Quarter Earnings Release and Earnings Webcast
- HOUSTON, March 28, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2024 first quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Thursday, April 25, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT.
- 03/28/2024
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TNK or KEX: Which Is the Better Value Stock Right Now?
- Investors interested in Transportation - Shipping stocks are likely familiar with Teekay Tankers (TNK) and Kirby (KEX). But which of these two companies is the best option for those looking for undervalued stocks?
- 03/19/2024
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Here's Why You Should Hold on to Kirby (KEX) Stock Now
- Thriving marine conditions bode well for Kirby (KEX). Meanwhile, challenges in coastal revenues and high debt add complexity.
- 03/04/2024
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Kirby (KEX) Share Price Increases 6.7% Since Q4 Earnings Beat
- Kirby's (KEX) fourth-quarter 2023 earnings and revenues rise year over year.
- 02/27/2024
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Kirby Corporation (KEX) Soars to 52-Week High, Time to Cash Out?
- Kirby (KEX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 02/26/2024
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5 Low Leverage Stocks to Buy as Rate Cut Expectations Fade
- The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find. You may buy COST, NI, XPRO, HWKN and KEX.
- 02/26/2024
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TNK or KEX: Which Is the Better Value Stock Right Now?
- Investors interested in Transportation - Shipping stocks are likely familiar with Teekay Tankers (TNK) and Kirby (KEX). But which of these two companies is the best option for those looking for undervalued stocks?
- 02/21/2024
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Kirby Corporation to Present at the Stifel 2024 Transportation and Logistics Conference
- HOUSTON, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) announced today that Kirby will present at the Stifel 2024 Transportation & Logistics Conference on Tuesday, February 13, 2024. Specifics of the conference presentation are as follows:
- 02/09/2024
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TNK vs. KEX: Which Stock Is the Better Value Option?
- Investors with an interest in Transportation - Shipping stocks have likely encountered both Teekay Tankers (TNK) and Kirby (KEX). But which of these two companies is the best option for those looking for undervalued stocks?
- 02/05/2024
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Kirby (KEX) Reports Q4 Earnings: What Key Metrics Have to Say
- The headline numbers for Kirby (KEX) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 02/01/2024
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Here's Why You Should Invest in Kirby (KEX) Stock Right Now
- Kirby (KEX) benefits from strong segmental performance and its cash-generating ability.
- 01/08/2024
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3 Impressive Shipping Stocks Worth Betting on in 2024
- We believe that investors should invest in shipping stocks like Dorian (LPG), EuroDry (EDRY) and Kirby (KEX).
- 01/04/2024
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Kirby Corporation Announces Date for 2023 Fourth Quarter Earnings Release and Earnings Webcast
- HOUSTON, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2023 fourth quarter results at 6:00 a.m. Central Standard Time (“CST”) on Thursday, February 1, 2024. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CST.
- 01/02/2024
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Here's Why Investors Should Retain Kirby (KEX) Stock Now
- Strong segmental performance and its cash-generating ability boost Kirby (KEX).
- 12/15/2023
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STNG or KEX: Which Is the Better Value Stock Right Now?
- Investors interested in stocks from the Transportation - Shipping sector have probably already heard of Scorpio Tankers (STNG) and Kirby (KEX). But which of these two stocks offers value investors a better bang for their buck right now?
- 12/04/2023
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Kirby Corporation to Present at the Stephens NASH2023 Investment Conference
- HOUSTON, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby" or “the Company”) (NYSE: KEX) announced today that Kirby will present in a fireside chat at the Stephens NASH2023 Investment Conference on Tuesday, November 14, 2023. Specifics of the conference presentation are as follows:
- 11/09/2023
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Kirby (KEX) Stock Declines 3.5% Since Q3 Earnings Release
- Revenues increase 2.5% year over year at Kirby (KEX) in the third quarter.
- 11/01/2023
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Why Kirby (KEX) is a Top Growth Stock for the Long-Term
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 10/27/2023
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3 Shipping Stocks to Bet on From a Promising Industry
- Despite headwinds like high interest rates, Zacks Transportation - Shipping industry stocks like KEX, TNK and ASC are worth considering.
- 10/26/2023
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Here's What Key Metrics Tell Us About Kirby (KEX) Q3 Earnings
- The headline numbers for Kirby (KEX) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 10/26/2023
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TNK or KEX: Which Is the Better Value Stock Right Now?
- Investors with an interest in Transportation - Shipping stocks have likely encountered both Teekay Tankers (TNK) and Kirby (KEX). But which of these two stocks offers value investors a better bang for their buck right now?
- 10/16/2023
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TNK or KEX: Which Is the Better Value Stock Right Now?
- Investors with an interest in Transportation - Shipping stocks have likely encountered both Teekay Tankers (TNK) and Kirby (KEX). But which of these two stocks offers value investors a better bang for their buck right now?
- 09/29/2023
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Kirby Corporation Announces Date For 2023 Third Quarter Earnings Release And Earnings Webcast
- HOUSTON, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2023 third quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Thursday, October 26, 2023. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT.
- 09/28/2023
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What Makes Kirby (KEX) a Strong Momentum Stock: Buy Now?
- Does Kirby (KEX) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 09/25/2023
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What Makes Kirby (KEX) a Good Fit for 'Trend Investing'
- Kirby (KEX) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
- 09/25/2023
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5 Low-Leverage Stocks to Buy as U.S. Consumer Price Rises
- The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find. You may buy ACA, PHM, KEX, TEX & ALE.
- 09/14/2023
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TNK or KEX: Which Is the Better Value Stock Right Now?
- Investors interested in stocks from the Transportation - Shipping sector have probably already heard of Teekay Tankers (TNK) and Kirby (KEX). But which of these two stocks offers value investors a better bang for their buck right now?
- 09/13/2023
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Kirby (KEX) Touches 52-Week High: What's Driving the Stock?
- Kirby's (KEX) strong cash flow generating ability is evident from its raised guidance for 2023.
- 09/08/2023
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Kirby (KEX) is on the Move, Here's Why the Trend Could be Sustainable
- If you are looking for stocks that are well positioned to maintain their recent uptrend, Kirby (KEX) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
- 09/07/2023
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Kirby Corporation (KEX) Hits Fresh High: Is There Still Room to Run?
- Kirby (KEX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 09/04/2023
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6 Reasons Why Investors Should Bet on Kirby (KEX) Stock Now
- For 2023, Kirby (KEX) anticipates net cash generated from operating activities to be between $500 million and $580 million (earlier view: $480 million and $580 million).
- 08/30/2023
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5 Low-Leverage Stocks to Buy as Technology Makes a Comeback
- To avoid considerable losses in your portfolio, choose companies that are comparatively less burdened by debt. You may buy SFM, PHM, KEX, ATO and TNK.
- 08/30/2023
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TNK vs. KEX: Which Stock Is the Better Value Option?
- Investors interested in stocks from the Transportation - Shipping sector have probably already heard of Teekay Tankers (TNK) and Kirby (KEX). But which of these two stocks is more attractive to value investors?
- 08/28/2023
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Recent Price Trend in Kirby (KEX) is Your Friend, Here's Why
- Kirby (KEX) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
- 08/21/2023
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Here's Why Kirby (KEX) is a Great Momentum Stock to Buy
- Does Kirby (KEX) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 08/17/2023
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TNK or KEX: Which Is the Better Value Stock Right Now?
- Investors interested in Transportation - Shipping stocks are likely familiar with Teekay Tankers (TNK) and Kirby (KEX). But which of these two companies is the best option for those looking for undervalued stocks?
- 08/10/2023
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3 Shipping Stocks to Bet on From a Challenging Industry
- The Zacks Industry Rank for the Transportation-Shipping industry paints a murky picture. Braving the headwinds are three stocks, KEX, DHT and TNK, which investors may buy now.
- 08/03/2023
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Kirby (KEX) Q2 Earnings Surpass Estimates, Increase Y/Y
- Kirby (KEX) second-quarter 2023 top line improves 11.4% year over year on the back of higher revenues in the marine transportation, and distribution and services segments.
- 07/31/2023
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Kirby (KEX) Reports Q2 Earnings: What Key Metrics Have to Say
- Although the revenue and EPS for Kirby (KEX) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 07/27/2023
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Kirby Corporation (KEX) Hit a 52 Week High, Can the Run Continue?
- Kirby (KEX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 07/24/2023
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TNK vs. KEX: Which Stock Is the Better Value Option?
- Investors with an interest in Transportation - Shipping stocks have likely encountered both Teekay Tankers (TNK) and Kirby (KEX). But which of these two stocks is more attractive to value investors?
- 07/21/2023
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Kirby (KEX) Is a Great Choice for 'Trend' Investors, Here's Why
- If you are looking for stocks that are well positioned to maintain their recent uptrend, Kirby (KEX) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
- 07/12/2023
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Kirby Corporation Announces Date For 2023 Second Quarter Earnings Release And Earnings Webcast
- HOUSTON, June 29, 2023 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2023 second quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Thursday, July 27, 2023. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT.
- 06/29/2023
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STNG vs. KEX: Which Stock Should Value Investors Buy Now?
- Investors interested in Transportation - Shipping stocks are likely familiar with Scorpio Tankers (STNG) and Kirby (KEX). But which of these two companies is the best option for those looking for undervalued stocks?
- 06/26/2023
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STNG or KEX: Which Is the Better Value Stock Right Now?
- Investors with an interest in Transportation - Shipping stocks have likely encountered both Scorpio Tankers (STNG) and Kirby (KEX). But which of these two companies is the best option for those looking for undervalued stocks?
- 06/06/2023
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Kirby (KEX) Rides on Segmental Growth Amid Rising Costs
- Strong segmental performances boost Kirby's (KEX) top line. Rising operating expenses are likely to weigh on the bottom line.
- 06/01/2023
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Kirby Corporation to Present at the Wolfe Research 16th Annual Global Transportation and Industrials Conference
- HOUSTON, May 22, 2023 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE:KEX) announced today that Kirby will present at the Wolfe Research 16th Annual Global Transportation & Industrials Conference on Wednesday, May 24, 2023. Specifics of the conference presentation are as follows:
- 05/22/2023
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STNG vs. KEX: Which Stock Is the Better Value Option?
- Investors interested in Transportation - Shipping stocks are likely familiar with Scorpio Tankers (STNG) and Kirby (KEX). But which of these two stocks presents investors with the better value opportunity right now?
- 05/08/2023
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7 Transportation Stocks to Buy for Big, Long-Term Gains
- Transportation isn't new or exciting. It's about as far away from A.I.
- 05/06/2023
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Kirby: Profitability Likely To Be Dampened, Avoid
- Although the company returned to profitability in 2022, the level of profitability was still about $160 million lower than it was 8 years prior. The company will be rolling 32% of its debt this year. If you've been paying attention, you know interest rates are relatively high at the moment. This will dampen profitability.
- 05/02/2023
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Kirby (KEX) Q1 Earnings & Revenues Top Estimates, Up Y/Y
- Kirby's (KEX) first-quarter 2023 revenues benefit from strength across marine transportation and distribution and services segments.
- 05/01/2023
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Kirby (KEX) Q1 Earnings and Revenues Surpass Estimates
- Kirby (KEX) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.29 per share a year ago.
- 04/27/2023
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TNK vs. KEX: Which Stock Should Value Investors Buy Now?
- Investors with an interest in Transportation - Shipping stocks have likely encountered both Teekay Tankers (TNK) and Kirby (KEX). But which of these two stocks presents investors with the better value opportunity right now?
- 04/21/2023
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Kirby Corporation Announces Date for 2023 First Quarter Earnings Release and Earnings Webcast
- HOUSTON, March 31, 2023 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2023 first quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Thursday, April 27, 2023. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT.
- 03/31/2023
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Why Is Kirby (KEX) Up 1.3% Since Last Earnings Report?
- Kirby (KEX) reported earnings 30 days ago. What's next for the stock?
- 03/02/2023
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Kirby Bobbing Around Despite Strong Underlying Contracted Business
- Kirby posted better than expected fourth quarter results, with stronger results in inland marine on healthy demand trends. Petrochemical demand appears to be holding up and limited barge supply growth potential should be very supportive for utilization, pricing, and margins in 2023.
- 02/01/2023
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Kirby (KEX) Q4 Earnings & Revenues Top Estimates, Up Y/Y
- Kirby's (KEX) fourth-quarter 2022 revenues benefit from strength across marine transportation and distribution and services segments.
- 02/01/2023
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Kirby Corporation (KEX) Q4 2022 Earnings Call Transcript
- Kirby Corporation (NYSE:KEX ) Q4 2022 Earnings Conference Call January 31, 2023 8:30 AM ET Company Participants Kurt Niemietz - Vice President, Investor Relations & Treasurer David Grzebinski - President and Chief Executive Officer Raj Kumar - Executive Vice President and Chief Financial Officer Conference Call Participants Jack Atkins - Stephens Nathan Ho - Bank of America Greg Lewis - BTIG Greg Wasikowski - Webber Research Ben Nolan - Stifel William Baldwin - Crescent Securities Operator Good morning, and welcome to the Kirby Corporation 2022 Fourth Quarter Earnings Conference Call. All participants will be in a listen-only mode.
- 01/31/2023
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Kirby (KEX) Surpasses Q4 Earnings and Revenue Estimates
- Kirby (KEX) delivered earnings and revenue surprises of 4.69% and 1.11%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 01/31/2023
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STNG or KEX: Which Is the Better Value Stock Right Now?
- STNG vs. KEX: Which Stock Is the Better Value Option?
- 01/25/2023
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Kirby (KEX) Reaches Conclusion for Distribution and Services
- Kirby's (KEX) board decides to continue operating with both its businesses - Marine Transportation and Distribution and Services.
- 01/10/2023
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Kirby stock rises as it continues strategic plan for marine transport and distribution units
- Kirby Corp. KEX, +3.33% stock rose 2% in premarket trades Monday after the company said it remains open to opportunities to maximize value after wrapping up a strategic review of its distribution and services business. The Houston company said the market for mergers and acquisitions remains constrained partly because of a higher cost of borrowing to finance deals, but it will continue to weigh "any and all opportunities" for both its marine transport as well as its distribution and services businesses.
- 01/09/2023
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Kirby Corporation Announces Date for 2022 Fourth Quarter Earnings Release and Earnings Webcast
- HOUSTON, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2022 fourth quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Tuesday, January 31, 2023. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT.
- 12/30/2022
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Kirby (KEX) Rides on Segmental Growth Amid Rising Costs
- Strong segmental performances are boosting Kirby's (KEX) top line. Rising operating expenses are likely to weigh on the bottom line.
- 12/06/2022
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Kirby (KEX) Up 2.2% Since Last Earnings Report: Can It Continue?
- Kirby (KEX) reported earnings 30 days ago. What's next for the stock?
- 11/23/2022
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Kirby Corporation to Present at the Stephens NASH2022 Investment Conference
- HOUSTON, Nov. 16, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby" or “the Company”) (NYSE: KEX) announced today that Kirby will present in a fireside chat at the Stephens NASH2022 Investment Conference on Wednesday, November 16, 2022. Specifics of the conference presentation are as follows:
- 11/16/2022
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STNG or KEX: Which Is the Better Value Stock Right Now?
- STNG vs. KEX: Which Stock Is the Better Value Option?
- 11/07/2022
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Kirby (KEX) Q3 Earnings Top Estimates, Revenues Miss
- Kirby (KEX) third-quarter 2022 revenues benefit from strength across marine transportation and distribution and services segments.
- 10/25/2022
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Kirby Corporation (KEX) Q3 2022 Earnings Call Transcript
- Kirby Corporation (NYSE:KEX ) Q3 2022 Earnings Conference Call October 24, 2022 8:00 AM ET Company Participants Kurt Niemietz - Vice President of Investor Relations and Treasure David Grzebinski - President and Chief Executive Officer Raj Kumar - Executive Vice President and Chief Financial Officer Conference Call Participants Ken Hoexter - Bank of America Jack Atkins - Stephens Ben Nolan - Stifel Jonathan Chappell - Evercore Greg Lewis - BTIG Greg Wasikowski - Webber Research Operator Good morning, and welcome to the Kirby Corporation 2022 Third Quarter Earnings Conference Call. All participants will be in a listen-only mode.
- 10/24/2022
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Kirby (KEX) Q3 Earnings Surpass Estimates
- Kirby (KEX) delivered earnings and revenue surprises of 8.33% and 0.35%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 10/24/2022
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STNG vs. KEX: Which Stock Is the Better Value Option?
- STNG vs. KEX: Which Stock Is the Better Value Option?
- 10/06/2022
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Kirby Corporation Announces Date for 2022 Third Quarter Earnings Release and Earnings Webcast
- HOUSTON, Sept. 29, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2022 third quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Monday, October 24, 2022. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT.
- 09/29/2022
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These Are Ronald Muhlenkamp's Top 10 Holdings
- Ronald Muhlenkamp is the founder and president of Muhlenkamp & Company, which was established in 1997 to manage private accounts for individuals and institutions.
- 09/14/2022
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STNG vs. KEX: Which Stock Should Value Investors Buy Now?
- STNG vs. KEX: Which Stock Is the Better Value Option?
- 08/08/2022
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Kirby (KEX) Q2 Earnings & Revenues Top Estimates, Grow Y/Y
- Kirby (KEX) second-quarter 2022 earnings and revenues increase year over year.
- 08/02/2022
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Kirby Corporation (KEX) CEO David Grzebinski on Q2 2022 Results - Earnings Call Transcript
- Start Time: 08:30 January 1, 0000 9:31 AM ET Kirby Corporation (NYSE:KEX ) Q2 2022 Earnings Conference Call July 28, 2022, 08:30 AM ET Company Participants David Grzebinski - President and CEO Raj Kumar - EVP and CFO Kurt Niemietz - VP, IR and Treasure Conference Call Participants Jack Atkins - Stephens Ben Nolan - Stifel Greg Wasikowski - Webber Research Greg Lewis - BTIG Operator Good morning, and welcome to the Kirby Corporation 2022 Second Quarter Earnings Conference Call. All participants will be in listen-only mode.
- 07/30/2022
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Kirby (KEX) Tops Q2 Earnings and Revenue Estimates
- Kirby (KEX) delivered earnings and revenue surprises of 2.08% and 5.04%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 07/28/2022
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3 Transportation Stocks Poised to Beat on Earnings in Q2
- Escalating fuel costs are likely to have partly hurt the second-quarter 2022 performances of Kirby (KEX), Southwest Airlines (LUV) and Schneider (SNDR).
- 07/27/2022
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Has Kirby (KEX) Outpaced Other Transportation Stocks This Year?
- Here is how Kirby (KEX) and Teekay Tankers (TNK) have performed compared to their sector so far this year.
- 07/25/2022
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UPS Gears Up for Q2 Earnings: What's in the Offing?
- Strong package delivery demand is expected to have aided UPS' second-quarter 2022 performance.
- 07/19/2022
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Factors to Decide the Fate of CSX This Earnings Season
- Higher revenues are likely to have aided CSX's Q2 performance.
- 07/15/2022
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Higher Segmental Revenues Up Kirby (KEX) Despite Low Liquidity
- Increased demand at the distribution and services segment boosts Kirby (KEX). However, a weak capital position is bothersome.
- 06/29/2022
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Kirby Corporation Announces Date for 2022 Second Quarter Earnings Release and Earnings Webcast
- HOUSTON, June 24, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2022 second quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Thursday, July 28, 2022. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT.
- 06/24/2022
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Kirby's (KEX) Q1 Earnings in Line, Revenues Increase Y/Y
- Kirby's (KEX) Q1 results benefit from higher revenues at the marine transportation, and distribution and services segments despite Omicron-induced woes.
- 05/04/2022
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Kirby's (KEX) CEO David Grzebinski on Q1 2022 Results - Earnings Call Transcript
- Kirby's (NYSE:KEX ) Q1 2022 Earnings Conference Call April 28, 2022 8:30 AM ET Company Participants David Grzebinski – President and Chief Executive Officer Raj Kumar – Executive Vice President and Chief Financial Officer Eric Holcomb – Vice President-Investor Relations Conference Call Participants Jack Atkins – Stephens Ben Nolan – Stifel Jon Chappell – Evercore Ken Hoexter – Bank of America Greg Wasikowski – Webber Research Chris Robertson – Jefferies Operator Corporation 2022, First Quarter Earnings Conference Call. All participants will be in a listen-only mode.
- 04/28/2022
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Anchors Away For Kirby, As Chemical And Refinery Activity Drives More Barging Demand
- Kirby shares have sold off sharply since the announcement of an agreement to supply barging services to an offshore wind project; investors may be fretting over future margins/capex here.
- 04/07/2022
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Kirby Corporation Announces Date for 2022 First Quarter Earnings Release and Earnings Webcast
- HOUSTON, April 04, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2022 first quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Thursday, April 28, 2022. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT.
- 04/04/2022
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Low Liquidity Hurts Kirby (KEX) Amid Rising Segmental Revenues
- Kirby (KEX) banks on strong cost-management strategies and a rise in segmental revenues. However, low current ratio is a headwind.
- 03/15/2022
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Kirby (KEX) Stock Up More Than 5% Since Q4 Earnings Release
- Higher revenues at the marine transportation, and distribution and services segments buoy Kirby's (KEX) Q4 results despite coronavirus-induced crewing challenges and supply chain woes.
- 01/31/2022
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Week 5 MDA Breakout Stocks - February 2022: Short-Term Picks To Give You An Edge
- Week 5 MDA Breakout Stocks - February 2022: Short-Term Picks To Give You An Edge
- 01/30/2022
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Kirby's (KEX) CEO David Grzebinski on Q4 2021 Results - Earnings Call Transcript
- Kirby's (KEX) CEO David Grzebinski on Q4 2021 Results - Earnings Call Transcript
- 01/27/2022
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Kirby (KEX) Q4 Earnings Surpass Estimates
- Kirby (KEX) delivered earnings and revenue surprises of 8% and 0.71%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 01/27/2022
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Kirby Corporation Announces Date for 2021 Fourth Quarter Earnings Release and Earnings Webcast
- HOUSTON, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2021 fourth quarter results at 6:00 a.m. Central Standard Time (“CST”) on Thursday, January 27, 2022. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CST.
- 01/04/2022
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HMLP vs. KEX: Which Stock Is the Better Value Option?
- HMLP vs. KEX: Which Stock Is the Better Value Option?
- 12/24/2021
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HMLP or KEX: Which Is the Better Value Stock Right Now?
- HMLP vs. KEX: Which Stock Is the Better Value Option?
- 12/08/2021
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Kirby Corporation to Present at the Stephens NASH2021 Investment Conference
- HOUSTON, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby" or “the Company”) (NYSE: KEX) announced today that Kirby will present in a fireside chat at the Stephens NASH2021 Investment Conference on Wednesday, December 1, 2021. Specifics of the conference presentation are as follows:
- 11/23/2021
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HMLP vs. KEX: Which Stock Should Value Investors Buy Now?
- HMLP vs. KEX: Which Stock Is the Better Value Option?
- 11/22/2021
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Cost-Saving Initiatives Boost Kirby (KEX), Rising Debt Ails
- Kirby's (KEX) cost-management efforts are encouraging. Weakness in the coastal market and dismal cash position are a headwind.
- 11/15/2021
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Kirby (KEX) Stock Down 2.5% Since Q3 Earnings: Here's Why
- Reduced operating efficiencies due to Hurricane Ida hurt Kirby's (KEX) Q3 results.
- 11/02/2021
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Kirby Corporation's (KEX) CEO David Grzebinski on Q3 2021 Results - Earnings Call Transcript
- Kirby Corporation's (KEX) CEO David Grzebinski on Q3 2021 Results - Earnings Call Transcript
- 10/28/2021
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HMLP or KEX: Which Is the Better Value Stock Right Now?
- HMLP vs. KEX: Which Stock Is the Better Value Option?
- 10/28/2021
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Kirby (KEX) Q3 Earnings Miss Estimates
- Kirby (KEX) delivered earnings and revenue surprises of -19.05% and 7.07%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 10/28/2021
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7 Transportation Stocks to Buy as Supply Concerns Mount
- With the novel coronavirus pandemic causing all kinds of havoc on global supply chains, these transportation stocks could benefit. The post 7 Transportation Stocks to Buy as Supply Concerns Mount appeared first on InvestorPlace.
- 10/15/2021
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Stifel Is Bullish On These Marine Companies - Read Why
- Stifel analyst Benjamin Nolan raised the price targets on marine companies Matson Inc's (NYSE:MATX) and Kirby Corp (NYSE:KEX) and is bullish on the stocks. Nolan upgraded Kirby to Buy from Hold and raised the price target to $65 (implying an upside of 20%), up from $64.
- 10/12/2021
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HMLP vs. KEX: Which Stock Is the Better Value Option?
- HMLP vs. KEX: Which Stock Is the Better Value Option?
- 10/12/2021
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New Strong Sell Stocks for October 1st
- KEX, BBL, ELUXY, TTDKY, and WEICY have been added to the Zacks Rank #5 (Strong Sell) List on October 1, 2021.
- 10/01/2021
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Kirby Corporation Announces Date for 2021 Third Quarter Earnings Release and Earnings Webcast
- HOUSTON, Sept. 30, 2021 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2021 third quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Thursday, October 28, 2021. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT.
- 09/30/2021
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Kirby Looking More Interesting After Some Recent Underperformance
- Kirby Looking More Interesting After Some Recent Underperformance
- 08/13/2021
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Kirby (KEX) Stock Declines 3.8%, Despite Q2 Earnings Beat
- Kirby's (KEX) second-quarter top line is driven by increase in segmental revenues.
- 08/02/2021
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Kirby Corp (KEX) CEO David Grzebinski on Q2 2021 Results - Earnings Call Transcript
- Kirby Corp (KEX) CEO David Grzebinski on Q2 2021 Results - Earnings Call Transcript
- 08/01/2021
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HMLP or KEX: Which Is the Better Value Stock Right Now?
- HMLP vs. KEX: Which Stock Is the Better Value Option?
- 07/29/2021
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Kirby (KEX) Surpasses Q2 Earnings and Revenue Estimates
- Kirby (KEX) delivered earnings and revenue surprises of 41.67% and 3.58%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 07/29/2021
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Kirby Corporation Announces New Director of the Board Shawn D. Williams
- HOUSTON, July 27, 2021 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) today announced the appointment of Shawn D. Williams as a new independent member of the Kirby Board of Directors effective July 27, 2021. Mr. Williams has an extensive background in the chemicals industry with professional and board experience, and Kirby is pleased to welcome him to its Board of Directors.
- 07/27/2021
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Earnings Preview: Kirby (KEX) Q2 Earnings Expected to Decline
- Kirby (KEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/22/2021
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Kirby Corporation Announces Date for 2021 Second Quarter Earnings Release and Earnings Webcast
- HOUSTON, June 30, 2021 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2021 second quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Thursday, July 29, 2021. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT.
- 06/30/2021
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The Good And Bad: O'Reilly Automotive And Kirby Corporation
- See two of the featured stocks from this month's model portfolios.
- 06/14/2021
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Fluor Corp Among Today's Top Shorts As Big Tech And Cruise Lines Rebound
- After jobless claims reached another pandemic-era low yesterday, coupled with the stabilization of Bitcoin's price, the market broadly gained for the second straight day. Meanwhile, Q.ai's artificial intelligence has assessed each firm to find the best short plays.
- 05/21/2021
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7 Industrial Stocks to Buy for a Rock-Solid Foundation
- Industrial stocks suffered badly last year. But with pent-up demand and Biden's $2 trillion infrastructure plan, things are looking up.
- 05/19/2021
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Ceva Among Top Shorts As Indices Pop Amid Low Jobless Claims
- The major indices have all jumped as jobless claims fell to a fresh pandemic low. If you're looking for a way to play this market, the deep learning algorithms at Q.ai have crunched the data to give you a set of top shorts.
- 05/13/2021
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Kirby Corporation (KEX) CEO David Grzebinski on Q1 2021 Results - Earnings Call Transcript
- Kirby Corporation (KEX) CEO David Grzebinski on Q1 2021 Results - Earnings Call Transcript
- 04/30/2021
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Earnings Preview: Kirby (KEX) Q1 Earnings Expected to Decline
- Kirby (KEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/22/2021
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Kirby Corporation Announces Date for 2021 First Quarter Earnings Release and Earnings Webcast
- HOUSTON, April 06, 2021 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2021 first quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Thursday, April 29, 2021. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT.
- 04/06/2021
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New Strong Sell Stocks for March 31st
- AROW, BGS, KEX, SRNE, and TOSYY have been added to the Zacks Rank #5 (Strong Sell) List on March 31, 2021
- 03/31/2021
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Top Industrial Stocks for March 2021
- These are the industrial stocks with the best value, fastest growth, and most momentum for March.
- 02/26/2021
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The Top 5 Trades of Ronald Muhlenkamp's Firm
- Muhlenkamp & Co. Inc., the investment firm founded by Ronald Muhlenkamp (Trades, Portfolio), released its portfolio for the fourth quarter earlier this month.
- 02/25/2021
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Kirby (KEX) Shares Down 18.4% in a Year: More Hurdles Ahead?
- Weakness in the marine transportation segment due to low volume and poor barge utilization hurt Kirby (KEX) stock.
- 02/16/2021
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Kirby's (KEX) Q4 Earnings Beat, Decline Y/Y on Low Revenues
- Kirby's (KEX) Q4 results are hurt by decline in revenues at the marine transportation, and distribution and services segments, stemming from the coronavirus-induced weak economic conditions.
- 01/29/2021
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Kirby Corporation (KEX) CEO David Grzebinski on Q4 2020 Results - Earnings Call Transcript
- Kirby Corporation (KEX) CEO David Grzebinski on Q4 2020 Results - Earnings Call Transcript
- 01/28/2021
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Kirby Corporation Announces 2020 Fourth Quarter and Full Year Results
- HOUSTON, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Kirby Corporation (“Kirby”) (NYSE: KEX) today announced net earnings attributable to Kirby for the fourth quarter ended December 31, 2020 of $22.2 million or $0.37 per share, compared with $2.8 million or $0.05 per share for the 2019 fourth quarter. Excluding one-time charges in the 2019 fourth quarter, net earnings attributable to Kirby were $34.5 million or $0.58 per share. Consolidated revenues for the 2020 fourth quarter were $489.8 million compared with $655.9 million reported for the 2019 fourth quarter.
- 01/28/2021
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Kirby Corporation Announces Date for 2020 Fourth Quarter and Full Year Earnings Release and Earnings Webcast
- HOUSTON, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2020 fourth quarter and full year results at 6:00 a.m. Central Standard Time (“CST”) on Thursday, January 28, 2021. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CST.
- 01/11/2021
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Kirby Corporation Announces 2020 Third Quarter Results
- HOUSTON, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Kirby Corporation (“Kirby” or the “Company”) (NYSE: KEX) today announced net earnings attributable to Kirby for the third quarter ended September 30, 2020 of $27.5 million, or $0.46 per share, compared with net earnings of $48.0 million or $0.80 per share for the 2019 third quarter. Consolidated revenues for the 2020 third quarter were $496.6 million compared with $666.8 million reported for the 2019 third quarter.
- 10/29/2020
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Nintendo Download: From Snow to Sand, Explore Colorful Lands
- This week’s Nintendo Download includes the following featured content: Nintendo eShop on Nintendo Switch The Red Lantern – Survive the Alaskan tundra
- 10/22/2020
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What's Next for Kirby on Switch
- Kirby deserves a true sequel on Switch.
- 10/02/2020
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How to Change Hats in Kirby Fighters 2
- Here's How to Change Hats in Kirby Fighters 2.
- 10/02/2020
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INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Nano-X Imaging Ltd. and Encourages Investors to Contact the Firm Before November 16, 2020
- The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District o
- 10/02/2020
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How To Unlock Every Playable Character in Kirby Fighters 2
- Here's How To Unlock Every Playable Character in Kirby Fighters 2.
- 10/01/2020
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INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Genius Brands International, Inc. and Encourages Investors to Contact the Firm Before October 19, 2020
- The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Central District o
- 09/28/2020
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Kirby Fighters 2 Surprise Released On Nintendo Switch Today
- Kirby Fighters 2 is out now on Switch.
- 09/24/2020
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INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Wrap Technologies, Inc.
- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Central District of Califo
- 09/24/2020
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Former UGa player says he experienced racism, manipulation
- ATLANTA (AP) - Former Georgia defensive back Otis Reese says he left the school because of racist treatment on campus, and contends that coach Kirby Smart manipulated him to continue playing for the Bulldogs last season after he expressed his intention to transfer.
Reese transferred to Mississippi in January after two seasons at Georgia and is awaiting a ruling from the NCAA and Southeastern Conference Commissioner Greg Sankey on his request for a waiver to play immediately.
Georgia, which is ranked fourth in the country, denied the allegations and said it would share its full response to Reese's waiver application if he is granted permission.
Reese released a statement Tuesday night on Twitter expressing frustration that his waiver had yet to be granted. He addressed it to the NCAA, the SEC and Sankey.
Reese said he decided to transfer because his 1 1/2 years at Georgia "took a devastating mental toll on me. From my first moment I stepped on campus, it was not what I expected. The racist events that I kept experiencing weighed on me heavily and seemed never-ending."
He said he told Smart on Oct. 4 of last season that he planned to leave Georgia. The Bulldogs were 4-0 at the time and ranked third in the country heading into a game at Tennessee the next day.
"I was led to believe by Coach Smart that if I finished the season and not 'let my team down' as he requested, he would support both my decision to transfer and my request to be immediately eligible," Reese said.
He added that a copy of the text message he sent to Smart on that day has been forwarded to the NCAA, showing he "was manipulated to play the very next day, when I truly was at my darkest moment."
Smart declined comment on Reese's allegations but denied that he was standing in the way...
- 09/23/2020
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Chargers doctor reportedly punctured QB Taylor's lung with pain-killing injection
- A Los Angeles Chargers doctor allegedly punctured the lung of the team’s starting quarterback, Tyrod Taylor, while attempting to give him a pain-killing injection
- 09/23/2020
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INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Las Vegas Sands Corp.
- The law firm of Kirby McInerney LLP is investigating potential claims against Las Vegas Sands Corp. (“Las Vegas Sands” or the “Company”) (NYSE: LVS).
- 09/23/2020
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No. 4 Georgia to be reunited with popular Pittman in opener
- Kirby Smart gives much credit to first-year Arkansas coach Sam Pittman for helping to make No. 4 Georgia an annual contender for the Southeastern Conference championship.
"He helped build the foundation of what we have now," Smart said Monday.
Smart and his Bulldogs will be reunited with Pittman when Georgia opens its pandemic-delayed season at Arkansas on Saturday.
In four years as Georgia's offensive line coach, including the 2019 season with the added title of associate head coach, Pittman was a key member of Smart's staff.
How much Pittman's impact on the Bulldogs extended beyond the field was evident this week when Smart and Georgia players talked about the popular coach who now heads the Arkansas team.
"I respected just how family-oriented he was and his energy on and off the field," said junior center Trey Hill when asked about Pittman's popularity. "What you got on the field is what you got off the field. The way he takes care of his players and the love and support he gives them."
Similarly, Pittman's ongoing commitment to Georgia players showed Monday when he was asked about Bulldogs quarterback D'Wan Mathis, who could start against the Razorbacks. Smart hasn't announced a starter.
Mathis needed brain surgery to remove a cyst after enrolling at Georgia. He returned to the scout team late last season. After Wake Forest transfer Jamie Newman opted out of the season, Mathis is competing with JT Daniels, freshman Carson Beck and junior Stetson Bennett.
Smart said Monday he expected Daniels, the Southern Cal transfer, to be cleared before Saturday's game following his recovery from knee surgery.
Pittman said he wouldn't be surprised to see both Daniels and Mathis play. Pittman said Mathis, a dual-threat quarterback, "is really fast."
"And to be...
- 09/22/2020
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Kirby Co. (NYSE:KEX) Sees Large Increase in Short Interest
- Kirby Co. (NYSE:KEX) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 2,250,000 shares, a growth of 23.0% from the August 15th total of 1,830,000 shares. Based on an average trading volume of 603,700 shares, the short-interest ratio is currently […]
- 09/18/2020
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INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Nano-X Imaging Ltd.
- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New Yo
- 09/18/2020
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INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against LexinFintech Holdings Ltd.
- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of Oregon on beha
- 09/15/2020
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Valuations And Insider Buying Make Kirby Corporation Compelling
- The shares remain under pressure, and I think this creates an opportunity for investors who can see past the current malaise.
- 09/10/2020
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The Value Of Kirby's Marine Business Is Being Submerged By Weak Results From DES
- Kirby had a decidedly mixed second quarter, as the barging business held up reasonably well, but the DES overhaul/manufacturing/parts business was a mess on cratering energy-sector demand.
- 09/03/2020
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INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Fastly, Inc.
- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Calif
- 08/28/2020
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INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Portland General Electric Company
- The law firm of Kirby McInerney LLP is investigating potential claims against Portland General Electric Company (“Portland General Electric” or the “C
- 08/26/2020
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Kirby: A Good Bet For Those Who Can Look Beyond The Near-Term Headwinds
- Kirby’s stock hasn’t participated in the recent V-shaped stock market recovery as the business is likely to continue facing headwinds in the near term.
- 08/19/2020
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Kirby's (NYSE:KEX) Stock Price Has Reduced39% In The Past Year
- Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. When you...
- 08/06/2020
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Kirby Corporation -- Moody's affirms Kirby's senior unsecured rating at Baa3, changes outlook to negative
- The negative rating outlook reflects Kirby's sustained high financial leverage and Moody's expectation of challenged end market fundamentals to weaken earnings and negatively impact credit metrics, likely into 2021. Kirby's core marine transportation business, while primarily on contracts, is also facing pressure amid the broad economic deterioration accelerated by the coronavirus, whose timing and ultimate effects remain uncertain. The Baa3 senior unsecured rating reflects Kirby's exposure to cyclical markets facing weak macro conditions with credit metrics to deteriorate likely into 2021 from what were relatively low margins and high leverage entering the recession.
- 08/03/2020
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Did Hedge Funds Make The Right Call On Kirby Corporation (KEX) ?
- The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
- 08/03/2020
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Kirby Corporation (KEX) CEO David Grzebinski on Q2 2020 Results - Earnings Call Transcript
- Kirby Corporation (NYSE:KEX) Q2 2020 Earnings Conference Call July 30, 2020, 08:30 AM ET Company Participants David Grzebinski - President, CEO & Director Eric Holcomb - VP of IR William Harvey - Executive VP & CFO Conference Call Participants Benjamin Nolan - Stifel, Nicolaus & Co.
- 08/02/2020
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Kirby (KEX) Q2 Earnings In Line, Down Y/Y on Low Revenues
- Kirby's (KEX) Q2 results are hurt by weak revenues at the marine transportation, and distribution and services segments due to coronavirus-induced weak economic conditions.
- 07/31/2020
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Kirby Corporation 2020 Q2 - Results - Earnings Call Presentation
- The following slide deck was published by Kirby Corporation in conjunction with their 2020 Q2 earnings call.
- 07/30/2020
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Kirby (KEX) Q2 Earnings Meet Estimates
- Kirby (KEX) delivered earnings and revenue surprises of 0.00% and -12.49%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 07/30/2020
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Recap: Kirby Q2 Earnings
- Shares of Kirby (NYSE:KEX) were flat in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share were down 46.84% year over year to $0.42, which missed the estimate of $0.45.Revenue of $541,159,000 decreased by 29.81% from the same period last year, which missed the estimate of $589,360,000.Outlook Earnings guidance hasn't been issued by the company for now.Kirby hasn't issued any revenue guidance for the time being.Details Of The Call Date: Jul 30, 2020View more earnings on KEXTime: 08:30 AMET Webcast URL: https://edge.media-server.com/mmc/p/bgbqzgn4Technicals 52-week high: $92.30Company's 52-week low was at $32.76Price action over last quarter: down 4.45%Company Description In its legacy marine transportation segment (46% of first-half 2018 sales), Kirby operates the largest fleet of tank barges on the U.S. inland waterway system. Since its incorporation in 1969, the firm's marine division has built a market- leading position by successfully rolling up smaller tank-barge fleets. Kirby also runs a large diesel-engine and oilfield-equipment services operation (54% of sales), that primarily serves the oil and gas industry, but also commercial and industrial customers.See more from Benzinga * Earnings Scheduled For July 30, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/30/2020
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Kirby Corporation Announces 2020 Second Quarter Results
- * 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 million and free cash flow of $127 million in the second quarter * Expect FY2020 free cash flow of $250 to $350 million HOUSTON, July 30, 2020 (GLOBE NEWSWIRE) -- Kirby Corporation (“Kirby” or the “Company”) (NYSE: KEX) today announced net earnings attributable to Kirby for the second quarter ended June 30, 2020 of $25.0 million, or $0.42 per share, compared with net earnings of $47.3 million or $0.79 per share for the 2019 second quarter. Consolidated revenues for the 2020 second quarter were $541.2 million compared with $771.0 million reported for the 2019 second quarter.David Grzebinski, Kirby’s President and Chief Executive Officer, commented, “The dramatic economic slowdown associated with the COVID-19 pandemic in the second quarter was felt across our marine transportation and distribution and services businesses. We responded by aggressively lowering costs across the Company and were able to generate solid earnings and strong cash flow. Although the demand impacts have continued into the third quarter, activity appears to have bottomed and is starting to slowly improve.“In marine transportation, with demand for many liquid products down significantly during the quarter, refiners scaled back their utilization levels into the high 60% range before it gradually improved into the mid-70% range, and chemical plant utilization fell to near 70%. As a result, demand for barge transportation weakened as the quarter progressed, and when combined with favorable summer operating conditions, our barge utilization fell into the mid-70% range in inland and the low 70% range in coastal by the end of June. To offset the impact of these activity declines, we aggressively implemented additional cost reductions across the business, significantly reducing horsepower, operating costs, and general and administrative expenses. Despite a 6% sequential reduction in segment revenue, our cost reduction efforts contributed to a sequential improvement in segment operating margins from 12.6% to 13.5%. “Distribution and services experienced significant headwinds during the second quarter with a 33% sequential reduction in revenue. In the oilfield, the decline in oil prices, lower rig counts, and reduced demand resulted in an approximate 80% decline in U.S. frac activity and contributed to the bankruptcy of a large customer for which we incurred $0.04 per share of bad debt expense. As a result of the reduced activity, our oil and gas businesses experienced minimal manufacturing orders, parts sales, and service throughout the quarter. In commercial and industrial, activity levels in on-highway and power generation declined sharply as a result of lockdowns for much of the quarter. To reduce the impact of declining activity, we implemented additional workforce reductions, which resulted in severance charges of $0.02 per share, as well as furloughs and aggressive reductions in general and administrative expenses. We expect the segment will remain at a loss in the third quarter, but the impact of our cost reductions combined with an expected slow increase in activity should improve the segment’s results compared to the second quarter,” Mr. Grzebinski concluded.Second Quarter 2020 Segment Results – Marine Transportation Marine transportation revenues for the 2020 second quarter were $381.0 million compared with $404.3 million for the 2019 second quarter. Operating income for the 2020 second quarter was $51.4 million compared with $53.2 million for the 2019 second quarter. Segment operating margin for the 2020 second quarter was 13.5% compared with 13.2% for the 2019 second quarter.In the inland market, average barge utilization was in the mid-80% range during the quarter compared to the mid-90% range in the 2019 second quarter. Barge volumes were heavily impacted by reduced demand for refined products and petrochemicals. Operating conditions were fair with improved weather conditions across the waterway network and reduced flooding on the Mississippi River. Lock delays remained elevated during the quarter. Overall, these conditions resulted in 2,815 delay days or a reduction of 15% compared to the 2019 second quarter. As a result of lower barge utilization, average spot market pricing for the quarter declined in the mid-to high single digits both sequentially and year-on-year. Average term contract pricing on expiring contracts was stable. Revenues in the inland market declined 2% compared to the 2019 second quarter due to the impact of reduced barge utilization and lower fuel rebills, but were partially offset by the Savage Inland Marine (“Savage”) asset acquisition which closed on April 1, 2020. During the second quarter, the inland market represented 80% of segment revenues and had an operating margin in the mid-to high teens.In the coastal market, as a result of reduced demand for refined products and black oil transportation, barge utilization was in the mid-70% range during the 2020 second quarter compared to the mid-80% range in the 2019 second quarter. Spot market activity declined throughout the quarter; however, spot market and term contract pricing were stable. Revenues in the coastal market declined 17% compared to the 2019 second quarter as a result of reduced spot market activity, retirements of two large capacity vessels, and planned shipyard activity. The coastal market represented 20% of segment revenues and had a breakeven operating margin during the quarter.Second Quarter 2020 Segment Results – Distribution and Services Distribution and services revenues for the 2020 second quarter were $160.2 million compared with $366.8 million for the 2019 second quarter. The segment had an operating loss for the 2020 second quarter of $14.1 million which compares with operating income of $23.1 million for the 2019 second quarter. Operating margin was (8.8%) for the 2020 second quarter compared with 6.3% for the 2019 second quarter. The quarter’s results were adversely impacted by $3.3 million of bad debt expense resulting from a large oil and gas customer’s bankruptcy as well as $1.4 million of severance.In the oil and gas market, revenues and operating income declined due to low oil prices and reduced activity which resulted in limited customer demand for new and overhauled transmissions, parts and service. The manufacturing business experienced a sharp reduction in orders with minimal deliveries of new and remanufactured pressure pumping equipment. During the quarter, the oil and gas market represented approximately 19% of segment revenues and had a negative operating margin.In the commercial and industrial market, revenues declined primarily due to reduced economic activity and stay-at-home orders across the U.S. which heavily impacted activity levels in the on-highway and power generation businesses. The marine repair business was also down year-on-year due to reduced major overhaul activity and engine sales. These reductions were partially offset by the contribution from Convoy Servicing Company (“Convoy”), a Thermo King distributor which was acquired in early 2020. During the quarter, the commercial and industrial market represented approximately 81% of segment revenues and had an operating margin in the low single digits.Cash Generation For the 2020 second quarter, EBITDA of $90.8 million compares with $133.2 million for the 2019 second quarter. During the second quarter, net cash provided by operating activities was $170.6 million, some of which was used to fund capital expenditures of $43.6 million. The Company also used $279.0 million to acquire the Savage assets. As of June 30, 2020, the Company had $108.5 million of cash and cash equivalents on the balance sheet. Total debt was $1,642.8 million, reflecting a $59.7 million reduction compared to March 31, 2020, and the debt-to-capitalization ratio was 35.0%.2020 Outlook Commenting on the 2020 full year outlook, Mr. Grzebinski said, “In the past quarter, our businesses experienced unprecedented declines in demand as a result of the COVID-19 pandemic. Recently, we have seen slight increases in demand across the Company which we believe represent an initial recovery and a bottom to our activity and utilization levels. However, given the risk of future spikes in virus cases and governments issuing new restrictions, the timing and magnitude of a material recovery remains unclear. Until we see a significant improvement in demand, we will continue to aggressively manage our costs, restrain capital spending, and focus on cash generation. Kirby has ample liquidity, and we continue to expect strong free cash flow in 2020 which will be used to repay debt, increase liquidity, and strengthen the balance sheet.”In inland marine, although refinery and petrochemical plant utilization rates have started to improve, Kirby expects a slow recovery going forward until economic activity rebounds more significantly. With barge utilization rates starting the third quarter in the mid-70% range, the Company anticipates sequentially lower average barge utilization for the quarter. This is expected to have an adverse impact on revenues and operating margins. Overall, Kirby expects inland revenues and operating income will sequentially decline in the third quarter.In the coastal market, with 85% of revenues under term contracts, much of coastal’s business is expected to be stable through the end of the year.
- 07/30/2020
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SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Kirby Corporation and Encourages Investors with Losses of $100,000 to Contact the Firm
- LOS ANGELES, CA / ACCESSWIRE / July 29, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Kirby Corporation ("Kirby" or "the Company") (NYSE:KEX) for violations of the securities laws.
- 07/29/2020
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ROSEN, TRUSTED INVESTOR COUNSEL, Announces Investigation of Securities Claims Against Kirby Corp.; Encourages Investors with Losses in Excess of $100K to Contact Firm – KEX
- Rosen Law Firm, a global investor rights law firm, announces investigation of potential securities claims on behalf of shareholders of Kirby Corp. (NYSE: KEX) resulting from allegations that KEX may have issued materially misleading business information to the investing public.
- 07/28/2020
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IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Kirby Corporation and Encourages Investors with Losses of $100,000 to Contact the Firm
- LOS ANGELES, CA / ACCESSWIRE / July 23, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Kirby Corporation ("Kirby" or "the Company") (NYSE:KEX) for violations of the securities laws.
- 07/23/2020
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Earnings Preview: Kirby (KEX) Q2 Earnings Expected to Decline
- Kirby (KEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/23/2020
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Kirby Corp. (NYSE: KEX): Company Investigated by the Portnoy Law Firm
- LOS ANGELES, July 20, 2020 -- The Portnoy Law Firm advises Kirby Corp. (NYSE: KEX) investors that the firm has initiated an investigation into possible securities fraud, and.
- 07/20/2020
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LNG Tank Containers Industry Anticipated to Cross $159 Million by 2027 - ResearchAndMarkets.com
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SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Kirby Corporation and Encourages Investors with Losses of $100,000 to Contact the Firm
- LOS ANGELES, CA / ACCESSWIRE / July 16, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Kirby Corporation ("Kirby" or "the Company") (NYSE:KEX) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Kirby disclosed on July 8, 2020, that it had understated non-cash non-recurring goodwill charges for the first quarter ended March 31, 2020.
- 07/16/2020
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Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Continues Investigation of Kirby Corporation (KEX) on Behalf of Investors
- Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Continues Investigation of Kirby Corporation (KEX) on Behalf of Investors
- 07/16/2020
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The Law Offices of Frank R. Cruz Continues Investigation of Kirby Corporation (KEX) on Behalf of Investors
- The Law Offices of Frank R. Cruz continues its investigation on behalf of Kirby Corporation ("Kirby" or the "Company") (NYSE: KEX) investors concerning the Company and its officers’ possible violations of federal securities laws.
- 07/16/2020
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The Law Offices of Frank R. Cruz Continues Investigation of Kirby Corporation (KEX) on Behalf of Investors
- The Law Offices of Frank R. Cruz continues its investigation on behalf of Kirby Corporation (“Kirby” or the “Company”) (NYSE: KEX) investors concernin
- 07/16/2020
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Stewart & Stevenson’s Apollo ABVM Receives Emergency Use Authorization from U.S. Food and Drug Administration
- HOUSTON, July 15, 2020 -- Stewart & Stevenson Healthcare Technologies, LLC (“S&S;”), a subsidiary of Kirby Corporation (“Kirby”) (NYSE: KEX), has received emergency use.
- 07/15/2020
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INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Kirby Corporation (KEX) on Behalf of Investors
- INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Kirby Corporation (KEX) on Behalf of Investors
- 07/15/2020
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IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Kirby Corporation and Encourages Investors with Losses of $100,000 to Contact the Firm
- LOS ANGELES, CA / ACCESSWIRE / July 15, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Kirby Corporation ("Kirby" or "the Company") (NYSE:KEX) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Kirby disclosed on July 8, 2020, that it had understated non-cash non-recurring goodwill charges for the first quarter ended March 31, 2020.
- 07/15/2020
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INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Kirby Corporation (KEX) on Behalf of Investors
- INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Kirby Corporation (KEX) on Behalf of Investors
- 07/15/2020
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KIRBY CORPORATION ALERT: Bragar Eagel & Squire, P.C. Is Investigating Kirby Corporation on Behalf of Stockholders and Encourages Investors to Contact the Firm
- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Kirby Corporation (NYSE: KEX) on behalf of Kirby stockholders. Our investigation concerns whether Kirby has violated the federal securities laws and/or engaged in other unlawful business practices.
- 07/14/2020
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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kirby Corporation - KEX
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kirby Corporation - KEX
- 07/14/2020
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SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Kirby Corporation and Encourages Investors with Losses of $100,000 to Contact the Firm
- LOS ANGELES, CA / ACCESSWIRE / July 14, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Kirby Corporation ("Kirby" or "the Company") (NYSE:KEX) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Kirby disclosed on July 8, 2020, that it had understated non-cash non-recurring goodwill charges for the first quarter ended March 31, 2020.
- 07/14/2020
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KEX Investor Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of NACCO Industries, Inc. and Encourages Investors to Contact the Firm
- New York, New York--(Newsfile Corp. - July 14, 2020) - Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Kirby Corporation ("Kirby" or the "Company") (NYSE: KEX). Investors who purchased Kirby securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/kex. The investigation concerns whether Kirby and certain of its officers and/or directors have violated ...
- 07/14/2020
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Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Kirby Corporation (KEX) on Behalf of Investors
- Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Kirby Corporation (KEX) on Behalf of Investors
- 07/14/2020
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Kirby Investor Alert: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In Kirby Corporation To Contact The Firm
- New York, New York--(Newsfile Corp. - July 14, 2020) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Kirby Corporation ("Kirby" or the "Company")(NYSE:KEX).If you invested in Kirby stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/KEX. There is no cost or obligation to you.You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or ...
- 07/14/2020
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The Law Offices of Frank R. Cruz Announces Investigation of Kirby Corporation (KEX) on Behalf of Investors
- The Law Offices of Frank R. Cruz announces an investigation on behalf of Kirby Corporation ("Kirby" or the "Company") (NYSE: KEX) investors concerning the Company and its officers’ possible violations of federal securities laws.
- 07/14/2020
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SHAREHOLDER ALERT: Investigation of Kirby Corp. Announced by Holzer & Holzer, LLC
- Holzer investigates Kirby Corp
- 07/14/2020
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INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Kirby Corporation and Encourages Investors with Losses of $100,000 to Contact the Firm
- INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Kirby Corporation.
- 07/14/2020
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INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Kirby Corporation (KEX) on Behalf of Investors
- INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Kirby Corporation (KEX) on Behalf of Investors
- 07/14/2020
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INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Kirby Corporation (KEX) on Behalf of Investors
- INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Kirby Corporation (KEX) on Behalf of Investors
- 07/14/2020
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INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Kirby Corporation and Encourages Investors with Losses of $100,000 to Contact the Firm
- INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Kirby Corporation.
- 07/13/2020
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KEX Investor Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Kirby Corporation and Encourages Investors to Contact the Firm
- NEW YORK, NY / ACCESSWIRE / July 13, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Kirby Corporation ("Kirby" or the "Company") ...
- 07/13/2020
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Kirby Corporation Investors Who Have Suffered Losses Greater Than $100,000 Encouraged To Contact Kehoe Law Firm, P.C.
- PHILADELPHIA, July 13, 2020 -- Kehoe Law Firm, P.C. is investigating claims on behalf of investors of Kirby Corporation (“Kirby” or the “Company”) (NYSE: KEX) to determine.
- 07/13/2020
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Rosen Law Firm Announces Investigation of Securities Claims Against Kirby Corp. – KEX
- Rosen Law Firm, a global investor rights law firm, announces investigation of potential securities claims on behalf of shareholders of Kirby Corp. (NYSE: KEX) resulting from allegations that KEX may have issued materially misleading business information to the investing public.
- 07/13/2020
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Rosen Law Firm Announces Investigation of Securities Claims Against Kirby Corp. – KEX
- Rosen Law Firm, a global investor rights law firm, announces investigation of potential securities claims on behalf of shareholders of Kirby Corp. (NY
- 07/13/2020
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Kirby Corporation Announces Date for 2020 Second Quarter Earnings Release and Earnings Webcast
- Kirby Corporation ("Kirby") (KEX) will announce its 2020 second quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Thursday, July 30, 2020. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. To listen to the webcast, please visit the Investor Relations section of Kirby’s website at https://kirbycorp.com.
- 07/02/2020
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Punjab transporters increase fares after hike in fuel prices
- LAHORE: Punjab transporters on Sunday increased fares by 20 percent after the federal government increased the petrol price by Rs25.58 per liter,
- 06/28/2020
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Govt enhances Petroleum Levy on petrol products: sources
- The federal government has piled up taxes on various petroleum products in a new development to meet its revenue shortfall, ARY News reported on Saturday.
- 06/27/2020
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Alliancebernstein L.P. Sells 980 Shares of Kirby Co. (NYSE:KEX)
- Alliancebernstein L.P. reduced its holdings in shares of Kirby Co. (NYSE:KEX) by 0.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 105,731 shares of the shipping company’s stock after selling 980 shares during the quarter. Alliancebernstein L.P. owned approximately 0.18% of Kirby worth […]
- 06/24/2020
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As if COVID-19 Wasn’t Enough, the Illinois River System Faces Lock Closures
- By Wessley Johnson – If Covid-19 was not enough this summer, a full river closure and a halt to inland waterway transportation is slowly approaching… The Illinois River system connects the su…
- 06/22/2020
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Balyasny Asset Management LLC Raises Stake in Kirby Co. (NYSE:KEX)
- Balyasny Asset Management LLC grew its stake in shares of Kirby Co. (NYSE:KEX) by 151.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,121 shares of the shipping company’s stock after purchasing an additional 16,933 shares during the period. Balyasny Asset Management LLC’s holdings in […]
- 06/22/2020
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Hedge Funds Are Ditching Kirby Corporation (KEX)
- In this article we will check out the progression of hedge fund sentiment towards Kirby Corporation (NYSE:KEX) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 […]
- 06/19/2020
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Kirby Co. (NYSE:KEX) Shares Bought by M&T Bank Corp
- M&T Bank Corp boosted its position in shares of Kirby Co. (NYSE:KEX) by 50.9% in the 1st quarter, HoldingsChannel reports. The fund owned 10,249 shares of the shipping company’s stock after acquiring an additional 3,456 shares during the period. M&T Bank Corp’s holdings in Kirby were worth $445,000 as of its most recent SEC filing. […]
- 06/18/2020
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TNK or KEX: Which Is the Better Value Stock Right Now?
- TNK vs. KEX: Which Stock Is the Better Value Option?
- 06/09/2020
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Kirby (KEX) Up 14.2% Since Last Earnings Report: Can It Continue?
- Kirby (KEX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 06/04/2020
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Should Value Investors Buy Kirby Corporation (KEX) Stock?
- Diamond Hill Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Diamond Hill Small Cap Fund posted a return of -36.17% for the quarter, underperforming its benchmark, the Russell 2000 Index which returned -30.61% in the same quarter. You should check out Diamond Hill Capital's top 5 […]
- 06/03/2020
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Pakistan has cheapest fuel cost in South Asia now: PM Imran Khan
- Prime Minister Imran Khan highlighted on Sunday that Pakistan has the cheapest fuel cost compared to other states in South Asia.
- 05/31/2020
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Edited Transcript of KEX earnings conference call or presentation 5-May-20 12:30pm GMT
- Q1 2020 Kirby Corp Earnings Call
- 05/26/2020
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StackLine Partners LP Buys Kirby Corp, PTC Inc, Frontdoor Inc, Sells FGL Holdings, CarGurus ...
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Formula Growth Ltd Buys Treehouse Foods Inc, Cornerstone OnDemand Inc, Insperity Inc, Sells ...
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Marine Unit Buoys Kirby Amid Oil and Gas Market Weakness
- Falling revenues in oil and gas market is a major setback for Kirby (KEX). However, growth in marine division is impressive.
- 05/11/2020
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TNK vs. KEX: Which Stock Should Value Investors Buy Now?
- TNK vs. KEX: Which Stock Is the Better Value Option?
- 05/11/2020
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Wajax's (WJXFF) CEO Mark Foote on Q1 2020 Results - Earnings Call Transcript
- Wajax Corporation (OTC:WJXFF) Q1 2020 Earnings Conference Call May 5, 2020 2:00 PM ET Company Participants Mark Foote – President and Chief Executive Officer St
- 05/11/2020
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Kirby (KEX) Q1 Earnings Top Estimates, Fall on Low Revenues
- Kirby's (KEX) Q1 results reflect a 36.1% drop in distribution and services revenues. Impressive performance of the marine transportation division partly offsets the adversity.
- 05/06/2020
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Edited Transcript of KEX earnings conference call or presentation 5-May-20 12:30pm GMT
- Q1 2020 Kirby Corp Earnings Call
- 05/06/2020
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Kirby (KEX) Q1 2020 Earnings Call Transcript
- KEX earnings call for the period ending March 31, 2020.
- 05/06/2020
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Barge Giant Kirby: Signs Of Life But Too Soon To Call Bottom
- It's a strange time for public reporting. Companies are posting results for a period – January to March – that's largely irrelevant because it pre-dated peak COVID-19 fallout.The value of this round of quarterly reporting is in commentary on current conditions, particularly from bigger public players who can provide front-line insights on the U.S. economy.One of those bigger players is Kirby Corporation (NYSE: KEX), the largest owner of inland tank barges in America and by far the largest listed vessel owner measured by market capitalization (at $3 billion).Before the market opened on Tuesday, Kirby reported a net loss of $248.5 million for the first quarter of 2020 compared to net income of $44.3 million in the same period last year.However, Kirby reported a $334.6 million after-tax write-down of its non-maritime distribution and services segment, which serves oil and gas customers. Excluding non-cash items, Kirby reported adjusted net income of $35.3 million or $0.59 per share, above the analyst consensus forecast for adjusted earnings of $0.44 per share.Inland barge outlookThe utilization rate for Kirby's inland tank barges averaged around 95% in the first quarter but fell to around 90% in recent weeks. Spot rates (for contracts of less than a year in duration) were up 5-7% year-on-year in the first quarter and long-term contracts (for period charters and contracts of affreightment of a year or longer) were up 2-5%.The company's fleet primarily carries petrochemicals, and to a lesser extent refined products and crude. How that fleet is faring offers a snapshot of the country's consumption patterns amid coronavirus lockdowns and gradual reopenings. Kirby Corp CEO David Grzebinski. Photo credit: Kirby CorpThe general impression Kirby CEO David Grzebinski gave on the conference call with analysts was that today's market conditions, while highly uncertain, are far from disastrous. He dubbed the current situation "crazy and surreal" but pointed out "we had a pretty good first quarter [in the inland segment]."View more earnings on KEX"Many refineries have reduced utilization to the 60% range from 90% earlier this year ... but refinery utilization bumped up about 2% this week – at least it's going in the opposite direction – and we're starting to see traffic in Houston pick up," he said.Asked about the core petrochemical sector, he responded, "As we talk to our chemical customers, anything involving consumer packaging is going very strong, just because everybody's buying individual-wrap things nowadays. Obviously, anything that goes into disinfectants or alcohol-type things are also pretty strong. What has been very, very weak is anything related to the auto sector. As you would expect, basically nobody's ordering."So, it's a mixed bag. It's literally a day-to-day thing, but some chemical volumes have pulled back," he acknowledged. "They [petrochemical plants] want to run as much as we want them to run, because the higher their utilization, the more efficient they are. They just need demand to come back."As with ocean-going tankers, Kirby confirmed an increase in liquid-cargo storage opportunities, which is helping keep utilization high as some of the transportation demand from refineries and petrochemical plants pulls back."We're seeing storage opportunities across products and crude," Grzebinski said, attributing these deals to both "all the dislocations in the supply chain" as well as "contango plays" (in which traders buy low and hope to sell high). He added, "We're seeing storage put a floor on how far utilization moves down."Too soon to callIn general, Grzebinski concluded, "We are starting to see signs of things coming back to life. But it's too soon to call."If things were to hold where we are right now and this was the bottom, we may not see any margin decline [for inland] at all, but that's a big if. We've pulled our guidance because we don't know how long this will last or how deep it will go."I don't know how strong we'll come back from this because I worry about a rolling lockdown," he warned. More FreightWaves/American Shipper articles by Greg Miller Chart credit: Kirby CorpSee more from Benzinga * How Coronavirus Affects US River-Barge Market(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 05/05/2020
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Recap: Kirby Q1 Earnings
- Shares of Kirby (NYSE:KEX) were unchanged in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share fell 20.27% year over year to $0.59, which may not compare the estimate of $0.02.Revenue of $643,926,000 lower by 13.52% from the same period last year, which beat the estimate of $634,020,000.Outlook Kirby hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: May 05, 2020View more earnings on KEXTime: 04:00 PM ETWebcast URL: https://edge.media-server.com/mmc/p/7kp47iqgPrice Action Company's 52-week high was at $92.30Company's 52-week low was at $32.76Price action over last quarter: down 31.97%Company Profile In its legacy marine transportation segment (46% of first-half 2018 sales), Kirby operates the largest fleet of tank barges on the U.S. inland waterway system. Since its incorporation in 1969, the firm's marine division has built a market- leading position by successfully rolling up smaller tank-barge fleets. Kirby also runs a large diesel-engine and oilfield-equipment services operation (54% of sales), that primarily serves the oil and gas industry, but also commercial and industrial customers.See more from Benzinga * Recap: LendingTree Q1 Earnings * General Finance: Q3 Earnings Insights * Recap: Carter's Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 05/05/2020
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Kirby Q1 Adj. EPS $0.590, Sales $643.926M Beat $634.020M Estimate
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Kirby Corporation Announces 2020 First Quarter Results and Impact of COVID-19 on Business Operations
- 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.
- 05/05/2020
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Barge Giant Kirby: Signs Of Life But Too Soon To Call Bottom
- It's a strange time for public reporting. Companies are posting results for a period – January to March – that's largely irrelevant because it pre-dated peak COVID-19 fallout....
- 05/05/2020
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Barge Transportation Market Revenue to Surpass USD 50 Bn by 2026: Global Market Insights, Inc.
- Major barge transportation market players include American Commercial Barge Line (ACBL), Kirby Corporation, Ingram Marine Group, SEACOR Holdings, APL Logistics, Campbell Transportation Company, and Crowley Maritime Corporation.
- 04/29/2020
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Earnings Preview: Kirby (KEX) Q1 Earnings Expected to Decline
- Kirby (KEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/28/2020
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Earnings Preview: Kirby (KEX) Q1 Earnings Expected to Decline
- Kirby (KEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/28/2020
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Kirby (NYSE:KEX) Takes On Some Risk With Its Use Of Debt
- The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
- 04/28/2020
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Earnings Preview: Kirby (KEX) Q1 Earnings Expected to Decline
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Kirby Co. (NYSE:KEX) Expected to Post Quarterly Sales of $653.97 Million
- Wall Street analysts expect that Kirby Co. (NYSE:KEX) will post sales of $653.97 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Kirby’s earnings, with the highest sales estimate coming in at $663.10 million and the lowest estimate coming in at $644.84 million. Kirby posted sales of $744.62 […]
- 04/27/2020
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Tegna Investor Hits Back at Glass Lewis Report Amid Proxy Fight
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Kirby Co. (NYSE:KEX) Receives Consensus Recommendation of "Hold" from Brokerages
- Kirby Co. (NYSE:KEX) has been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings […]
- 04/25/2020
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Brokerages Expect Kirby Co. (NYSE:KEX) to Announce $0.49 Earnings Per Share
- Equities research analysts predict that Kirby Co. (NYSE:KEX) will report earnings per share of $0.49 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Kirby’s earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.42. Kirby posted earnings per share of […]
- 04/25/2020
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HMLP vs. KEX: Which Stock Is the Better Value Option?
- HMLP vs. KEX: Which Stock Is the Better Value Option?
- 04/23/2020
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HMLP vs. KEX: Which Stock Is the Better Value Option?
- HMLP vs. KEX: Which Stock Is the Better Value Option?
- 04/23/2020
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Stewart & Stevenson Signs Exclusive License Agreement with Rice University for ApolloBVM Ventilator Production
- Stewart & Stevenson (“S&S;”), a subsidiary of Kirby Corporation (“Kirby”) (KEX), and Rice University announced today the signing of an exclusive licensing agreement to produce an advanced version of the ApolloBVM ventilator. The ApolloBVM ventilator is an emergency device intended to help patients breathe during first response situations or when traditional, more complex ventilators are not available. The programmable device is designed to operate a common bag valve mask for extended periods of time while patients await the availability of a traditional ventilator.
- 04/22/2020
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Stewart & Stevenson Signs Exclusive License Agreement with Rice University for ApolloBVM Ventilator Production
- HOUSTON, April 22, 2020 (GLOBE NEWSWIRE) -- Stewart & Stevenson (“S&S”), a subsidiary of Kirby Corporation (“Kirby”) (NYSE: KEX), and Rice...
- 04/22/2020
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To safeguard the Salish Sea, protect shared waters
- Oil spills are something that coastal tribes and First Nations fear, as they directly impacts our cultural practices and livelihoods.
- 04/21/2020
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3 Low Price-Book Stocks
- The Mosaic Co tops the list Continue reading...
- 04/17/2020
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3 Low Price-Book Stocks
- 3 Low Price-Book Stocks, Stocks: MOS,APA,KEX, release date:Apr 17, 2020
- 04/17/2020
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How Does Kirby's (NYSE:KEX) P/E Compare To Its Industry, After Its Big Share Price Gain?
- Kirby (NYSE:KEX) shareholders are no doubt pleased to see that the share price has bounced 34% in the last month...
- 04/15/2020
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A Rising Share Price Has Us Looking Closely At Kirby Corporation’s (NYSE:KEX) P/E Ratio
- Those holding Kirby (NYSE:KEX) shares must be pleased that the share price has rebounded 34% in the last thirty days...
- 04/15/2020
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Liberty Specialty Markets expands marine team - Reinsurance News
- Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Rachel Watkinson to Head of Underwriting, Marine Transportation and
- 04/15/2020
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Kirby Corporation Announces Date for 2020 First Quarter Earnings Release and Earnings Webcast
- Kirby Corporation ("Kirby") (KEX) will announce its 2020 first quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Tuesday, May 5, 2020. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. To listen to the webcast, please visit the Investor Relations section of Kirby’s website at www.kirbycorp.com.
- 04/14/2020
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AQR Capital Management LLC Boosts Holdings in Kirby Co. (NYSE:KEX)
- AQR Capital Management LLC boosted its position in shares of Kirby Co. (NYSE:KEX) by 25.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,018 shares of the shipping company’s stock after acquiring an additional 1,835 shares during the period. AQR Capital Management […]
- 04/09/2020
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Investors Who Bought Kirby (NYSE:KEX) Shares Five Years Ago Are Now Down 44%
- For many, the main point of investing is to generate higher returns than the overall market. But in any portfolio...
- 04/07/2020
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Gordian Group’s Fred Zeidman and Peter Kaufman see opportunity in adversity
- “It’s a perfect storm out there. We do well when others suffer. It’s the truth. We’re the street sweepers.”
- 04/07/2020
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Geode Capital Management LLC Buys 21,993 Shares of Kirby Co. (NYSE:KEX)
- Geode Capital Management LLC raised its stake in shares of Kirby Co. (NYSE:KEX) by 3.5% in the fourth quarter, Holdings Channel reports. The fund owned 658,250 shares of the shipping company’s stock after acquiring an additional 21,993 shares during the period. Geode Capital Management LLC’s holdings in Kirby were worth $58,933,000 at the end of […]
- 04/06/2020
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Kirby Co. (NYSE:KEX) Holdings Boosted by Alliancebernstein L.P.
- Alliancebernstein L.P. boosted its position in shares of Kirby Co. (NYSE:KEX) by 3.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 106,711 shares of the shipping company’s stock after purchasing an additional 3,160 shares during the period. Alliancebernstein L.P. owned 0.18% of Kirby […]
- 04/06/2020
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Nuveen Asset Management LLC Has $64.88 Million Holdings in Kirby Co. (NYSE:KEX)
- Nuveen Asset Management LLC cut its holdings in Kirby Co. (NYSE:KEX) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 724,710 shares of the shipping company’s stock after selling 59,619 shares during the quarter. Nuveen Asset Management LLC owned 1.21% of Kirby worth […]
- 04/05/2020
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Kirby Co. (NYSE:KEX) Shares Bought by Cubist Systematic Strategies LLC
- Cubist Systematic Strategies LLC raised its position in Kirby Co. (NYSE:KEX) by 32,768.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,504 shares of the shipping company’s stock after purchasing an additional 11,469 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in […]
- 04/05/2020
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First Republic Investment Management Inc. Buys New Holdings in Kirby Co. (NYSE:KEX)
- First Republic Investment Management Inc. bought a new stake in Kirby Co. (NYSE:KEX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,279 shares of the shipping company’s stock, valued at approximately $204,000. Several other hedge funds and other institutional investors have […]
- 04/04/2020
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HMLP vs. KEX: Which Stock Should Value Investors Buy Now?
- HMLP vs. KEX: Which Stock Is the Better Value Option?
- 04/03/2020
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HMLP vs. KEX: Which Stock Should Value Investors Buy Now?
- HMLP vs. KEX: Which Stock Is the Better Value Option?
- 04/03/2020
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Advisor Group Inc. Acquires 507 Shares of Kirby Co. (NYSE:KEX)
- Advisor Group Inc. lifted its stake in shares of Kirby Co. (NYSE:KEX) by 49.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,529 shares of the shipping company’s stock after acquiring an additional 507 shares during the quarter. Advisor Group Inc.’s holdings […]
- 04/03/2020
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KIRBY CORPORATION CLOSES THE ACQUISITION OF SAVAGE INLAND MARINE’S BARGE FLEET
- HOUSTON, April 02, 2020 -- Kirby Corporation ("Kirby") (NYSE: KEX) today announced that it has completed the acquisition of Savage Inland Marine’s (“Savage”) inland barge.
- 04/02/2020
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KIRBY CORPORATION CLOSES THE ACQUISITION OF SAVAGE INLAND MARINE'S BARGE FLEET
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Kirby Co. (NYSE:KEX) Given Consensus Recommendation of "Hold" by Brokerages
- Shares of Kirby Co. (NYSE:KEX) have been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings […]
- 03/31/2020
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Bank of New York Mellon Corp Raises Position in Kirby Co. (NYSE:KEX)
- Bank of New York Mellon Corp boosted its stake in Kirby Co. (NYSE:KEX) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 619,055 shares of the shipping company’s stock after buying an additional 34,600 shares during the quarter. Bank of New […]
- 03/29/2020
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Kirby Corporation (KEX): These Hedge Funds Were Caught Flat-Footed
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/26/2020
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Were Hedge Funds Right About Dumping Hanover Insurance Group, Inc. (THG)?
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/26/2020
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Do Hedge Funds Love Hanesbrands Inc. (HBI)?
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/26/2020
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Hedge Funds Have Never Been This Bullish On IDACORP Inc (IDA)
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/26/2020
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Do Hedge Funds Like Amedisys Inc (AMED)?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/26/2020
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Analysts Offer Insights on Services Companies: Franklin Covey Company (FC), Kirby (KEX) and IHS Markit (INFO)
- Companies in the Services sector have received a lot of coverage today as analysts weigh in on Franklin Covey Company (FC), Kirby (KEX) and IHS Markit
- 03/25/2020
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Stephens & Co. Maintains Overweight on Kirby, Lowers Price Target to $60
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A Sliding Share Price Has Us Looking At Kirby Corporation's (NYSE:KEX) P/E Ratio
- To the annoyance of some shareholders, Kirby (NYSE:KEX) shares are down a considerable 49% in the last month. That...
- 03/24/2020
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What Is Kirby’s (NYSE:KEX) P/E Ratio After Its Share Price Tanked?
- To the annoyance of some shareholders, Kirby (NYSE:KEX) shares are down a considerable 49% in the last month. That...
- 03/24/2020
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How Coronavirus Affects US River-Barge Market
- Oceangoing ships are performing very differently amid the crisis, depending on which cargo they carry. The same holds true in America's river transport system. Consequences of this year's two black swans — coronavirus and the oil price war — vary widely depending on whether a barge is carrying petrochemicals, crude oil, crops or coal.Tank-bargesThe largest tank-barge owner, Houston-based Kirby Corp. (NYSE: KEX), held a special conference call on Monday to address the current market upheaval. The primary cargoes tank-barges carry are liquids for the petrochemical sector, much more so than crude oil — and the petrochemical business is now driving the market higher.According to Kirby CEO David Grzebinski, "Our utilization levels have been in the 95% range in recent weeks. This morning we were 97% utilized, which frankly is as busy as I've ever seen it."Our customers [petrochemical plants and refineries] want to make sure their supply chains are in good shape. The ramifications of having to shut down a plant due to not having supplies are huge. Barging is just a small cost in [comparison to] that."Make no mistake though: If the U.S. economy goes into recession — and we may be already there — they [plant owners] will probably cut down their volumes," Grzebinski acknowledged.He believes petrochemical shippers will first pare throughput in less efficient plants in Europe before doing so in the U.S. Construction on major new plants, such as Shell's in Pennsylvania, has been halted due to coronavirus concerns. "My view is that once they start construction, they'll complete the plants, but they're going to be postponed," he said. "The ones that are still looking for permits will be delayed until the world economy settles out."He conceded that plunging oil prices will decrease the amount of crude oil transported on the rivers, but asserted that the barge sector was in a better position to handle this than the last time it happened, in 2015."In 2015, we had 550 barges moving crude and 260-270 new barges coming to the market. When we got to the bottom in the market in 2018, there were about 130 barges moving crude," he said, noting that all the excess barges redeployed from crude took years to be absorbed in noncrude markets."We're at a different starting point this time. There are about 300 barges in the crude market and about 130 to be delivered this year, and I wouldn't be surprised if it was only 50-75 [after deliveries are pushed back]," said Grzebinski, noting that if 150 barges ultimately ended up being redeployed out of the crude trade in the current cycle, it would only add about 4% in capacity to the noncrude tank-barge fleet.Going forward, if petrochemical tank-barge demand declines due to a U.S. recession, he said Kirby's margins can be protected in the short term by time-charter coverage, and beyond that, by reducing costs through the reduction of its chartered-in towboat fleet — the same strategy it used to protect margins during the 2008-09 financial crisis.Dry-cargo bargesMarket conditions for dry-cargo barges were more challenging than for tank-barges even before recent events. The coronavirus and the oil price war intensify those pressures.American Commercial Lines (ACL), the country's second-largest owner of dry–cargo barges, filed for Chapter 11 bankruptcy protection on Feb. 7. In a court filing explaining why it needed bankruptcy protection, it cited fallout from the U.S.-China trade war, among other reasons."The imposition of tariffs by China on U.S. soybean imports and continuing trade tensions between the U.S. and China have resulted in a decrease in demand for U.S.-produced soybeans, resulting in a direct decrease in demand for ACL's services," it said.The Phase One trade agreement between the U.S. and China was signed on Jan. 15, offering hope of increased agricultural sales, but the coronavirus may have dashed such hopes, both by lowering China's economic ability to make purchases and by re-escalating geopolitical tensions between the U.S. and China."Developments across the globe since the agreement was signed in mid-January, from the coronavirus outbreak to the falling oil price, have made it even less likely that China and the U.S. will be able to live up to their commitments and thereby help boost demand for the shipping industry," said Peter Sand, chief economist of shipping association BIMCO, who doesn't expect progress until "the dust has settled around coronavirus disruptions."ACL's bankruptcy filing also pointed to declines in domestic coal shipments spurring redeployment of barge capacity from coal to other cargoes, creating barge overcapacity for those other markets, leading to "a decline in freight rates ACL was able to charge." The Port of South Louisiana reported a 48% drop in coal volumes in full-year 2019 versus 2018, with overall barge calls down 14%.The Saudi Arabia-induced collapse in the price of crude oil, now down to $20-$25 per barrel, is yet another negative for coal used for power generation, as lower crude pricing pushes down pricing of natural gas, which competes with coal. The economic fallout from coronavirus will also reduce demand for coal used for steel production. The U.S. Energy Information Administration expects U.S. coal production to decline by another 17% in 2020, to its lowest level in 50 years. More FreightWaves/American Shipper articles by Greg Miller See more from Benzinga * ACL Barge Bankruptcy Could Be A Plus For River Rates * Kirby's Inland-Barge Consolidation Push Continues(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 03/23/2020
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Have Insiders Been Selling Kirby Corporation (NYSE:KEX) Shares This Year?
- We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
- 03/23/2020
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Amalgamated Bank Raises Holdings in Kirby Co. (NYSE:KEX)
- Amalgamated Bank lifted its stake in Kirby Co. (NYSE:KEX) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,461 shares of the shipping company’s stock after buying an additional 1,252 shares during the quarter. Amalgamated Bank’s holdings in Kirby were worth $1,205,000 as […]
- 03/22/2020
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KIRBY CORPORATION ANNOUNCES CORONAVIRUS UPDATE WEBCAST HOSTED BY STEPHENS
- HOUSTON, March 20, 2020 -- Kirby Corporation ("Kirby" or the “Company”) (NYSE:KEX) announced today that Kirby management will participate in a webcast hosted by Stephens, Inc..
- 03/20/2020
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KIRBY CORPORATION ANNOUNCES CORONAVIRUS UPDATE WEBCAST HOSTED BY STEPHENS
- HOUSTON, March 20, 2020 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby" or the “Company”) (NYSE:KEX) announced today that Kirby management will...
- 03/20/2020
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Kirby Co. (NYSE:KEX) Shares Bought by Envestnet Asset Management Inc.
- Envestnet Asset Management Inc. increased its holdings in shares of Kirby Co. (NYSE:KEX) by 187.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,362 shares of the shipping company’s stock after purchasing an additional 12,621 shares during the quarter. Envestnet Asset Management Inc.’s […]
- 03/20/2020
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KIRBY CORPORATION ANNOUNCES CORONAVIRUS UPDATE WEBCAST HOSTED BY STEPHENS
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KIRBY CORPORATION ANNOUNCES CHANGE TO VIRTUAL 2020 ANNUAL MEETING OF STOCKHOLDERS
- Kirby Corporation ("Kirby” or the “Company") (KEX) announced today that the location of its 2020 Annual Meeting of Stockholders will be changed from an in person meeting to a virtual format via a live online webcast. The annual stockholder meeting, which was previously announced in Kirby’s Notice of 2020 Annual Meeting and Proxy Statement and filed with the Securities and Exchange Commission (“SEC”) on March 6, 2020, will be still be held on April 28, 2020 at 10:00 a.m. CDT, but in a virtual meeting format only. Due to the emerging public health impact of the coronavirus outbreak (COVID-19), and to support the health and wellbeing of Kirby’s associates, employees, and stockholders, the Company has made the decision to change the location and format of the 2020 Annual Meeting of Stockholders from an in person meeting to a virtual webcast.
- 03/19/2020
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KIRBY CORPORATION ANNOUNCES CHANGE TO VIRTUAL 2020 ANNUAL MEETING OF STOCKHOLDERS
- HOUSTON, March 19, 2020 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby” or the “Company") (NYSE:KEX) announced today that the location of its 2020 Annual...
- 03/19/2020
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Stocks That Hit 52-Week Lows On Thursday
- On Thursday morning, 1178 companies hit new 52-week lows.
Facts of Interest:
The largest company by market cap to set a new 52-week low was Nuveen Preferred & Income...
- 03/19/2020
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TNK vs. KEX: Which Stock Is the Better Value Option?
- TNK vs. KEX: Which Stock Is the Better Value Option?
- 03/18/2020
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TNK vs. KEX: Which Stock Is the Better Value Option?
- TNK vs. KEX: Which Stock Is the Better Value Option?
- 03/18/2020
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Kirby (NYSE:KEX) Hits New 12-Month Low at $35.65
- Kirby Co. (NYSE:KEX)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $35.65 and last traded at $35.65, with a volume of 1958 shares changing hands. The stock had previously closed at $36.70. A number of research firms have weighed in on KEX. Cfra decreased their target price […]
- 03/18/2020
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ArrowMark Colorado Holdings LLC Trims Stake in Kirby Co. (NYSE:KEX)
- ArrowMark Colorado Holdings LLC reduced its position in shares of Kirby Co. (NYSE:KEX) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,583,980 shares of the shipping company’s stock after selling 219,484 shares during the quarter. Kirby comprises about 1.3% of ArrowMark […]
- 03/18/2020
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25,612 Shares in Kirby Co. (NYSE:KEX) Acquired by Great West Life Assurance Co. Can
- Great West Life Assurance Co. Can acquired a new position in shares of Kirby Co. (NYSE:KEX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 25,612 shares of the shipping company’s stock, valued at approximately $2,276,000. Several other large investors also recently bought and sold […]
- 03/17/2020
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Citigroup Inc. Sells 8,287 Shares of Kirby Co. (NYSE:KEX)
- Citigroup Inc. cut its position in Kirby Co. (NYSE:KEX) by 31.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,789 shares of the shipping company’s stock after selling 8,287 shares during the quarter. Citigroup Inc.’s holdings in Kirby were worth $1,592,000 […]
- 03/15/2020
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Americana Partners LLC Takes Position in Kirby Co. (NYSE:KEX)
- Americana Partners LLC acquired a new stake in shares of Kirby Co. (NYSE:KEX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,800 shares of the shipping company’s stock, valued at approximately $429,000. Other large investors have also bought and sold […]
- 03/14/2020
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Stocks That Hit 52-Week Lows On Thursday
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Kirby Co. (NYSE:KEX) Shares Bought by Fmr LLC
- Fmr LLC raised its stake in Kirby Co. (NYSE:KEX) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,825 shares of the shipping company’s stock after purchasing an additional 3,071 shares during the quarter. Fmr LLC owned about 0.15% […]
- 03/12/2020
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Stocks That Hit 52-Week Lows On Wednesday
- During Wednesday's morning session, 690 stocks hit new 52-week lows.
Intriguing Points:
Boeing (NYSE: BA) was the biggest company on a market cap basis to set a new...
- 03/11/2020
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A Sliding Share Price Has Us Looking At Kirby Corporation's (NYSE:KEX) P/E Ratio
- To the annoyance of some shareholders, Kirby (NYSE:KEX) shares are down a considerable 35% in the last month. Indeed...
- 03/10/2020
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How Does Kirby’s (NYSE:KEX) P/E Compare To Its Industry, After The Share Price Drop?
- To the annoyance of some shareholders, Kirby (NYSE:KEX) shares are down a considerable 35% in the last month. That...
- 03/10/2020
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