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Last $68.75 USD
Change Today -1.78 / -2.52%
Volume 513.7K
KEX On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

kirby corp (KEX) Snapshot

Open
$69.40
Previous Close
$70.53
Day High
$70.39
Day Low
$68.42
52 Week High
09/17/14 - $124.12
52 Week Low
08/24/15 - $62.56
Market Cap
3.8B
Average Volume 10 Days
522.5K
EPS TTM
$4.64
Shares Outstanding
54.8M
EX-Date
07/26/90
P/E TM
14.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for KIRBY CORP (KEX)

kirby corp (KEX) Related Businessweek News

No Related Businessweek News Found

kirby corp (KEX) Details

Kirby Corporation operates domestic tank barges and transports bulk liquid products. The company's Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii. This segment transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barges. This segment also operates offshore dry-bulk barge and tugboat units that are engaged in the offshore transportation of dry-bulk cargoes in the United States coastal trade. As of February 23, 2015, this segment owned or operated 884 inland tank barges with 17.8 million barrels of capacity, 247 inland towboats, 69 coastal tank barges with 6 million barrels of capacity, 74 coastal tugboats, 6 offshore dry-bulk cargo barges, 7 offshore tugboats, and 1 docking tugboat. Its Diesel Engine Services segment sells replacement parts; provides service mechanics to overhaul and repair medium-speed and high-speed diesel engines, transmissions, reduction gears, pumps, and compression products; and maintains facilities to rebuild component parts or entire medium-speed and high-speed diesel engines, transmissions and entire reduction gears, and manufactures and remanufactures oilfield service equipment, including pressure pumping units. This segment serves inland and offshore barge operators, oilfield service companies, oil and gas operators and producers, compression companies, offshore fishing companies, and marine and on-highway transportation companies, as well as the United States Coast Guard; the United States Navy; and power generation, nuclear, and industrial companies. The company was formerly known as Kirby Exploration Company, Inc. and changed its name to Kirby Corporation in 1990. Kirby Corporation was founded in 1921 and is headquartered in Houston, Texas.

4,675 Employees
Last Reported Date: 02/23/15
Founded in 1921

kirby corp (KEX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $650.0K
Executive Chairman
Total Annual Compensation: $713.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $346.2K
President of Marine Transportation Group
Total Annual Compensation: $388.8K
President of Kirby Offshore Marine - LLC
Total Annual Compensation: $347.5K
Compensation as of Fiscal Year 2014.

kirby corp (KEX) Key Developments

Kirby Corporation Seeks Acquisitions

Kirby Corporation (NYSE:KEX) is seeking acquisitions. Joe Pyne, Chairman, said, "Our strong balance sheet will certainly position for opportunities whether it's an acquisition or building equipment for our requirement." Andrew Smith, Chief Financial Officer, said, "Subsequent to the quarter, we purchased an additional 477,000 shares for $336.4 million. Any future decision to repurchase stock will be based on a number of factors including the stock price, our long-term earnings and cash flow forecast as well as alternative opportunities available to deploy capital including acquisitions." David Grzebinski, President and Chief Executive Officer, added, "We continue to invest our strong cash flow in maintaining our inland and coastal equipment and we will continue to look for attractive opportunities to invest the capital in our equipment or through potential acquisitions or stock repurchases."

Kirby Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year 2015

Kirby Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net earnings attributable to the company of $58.1 million, or $1.04 per diluted share, compared with $75.0 million, or $1.31 per diluted share for the 2014 second quarter. Consolidated revenues were $543.2 million compared with $628.1 million reported for the 2014 second quarter. Operating income was $98.13 million compared to $127.03 million a year ago. Earnings before taxes on income were $93.07 million compared to $121.68 million a year ago. EBITDA was $144.36 million compared with $167.64 million a year ago. Capital expenditures were $93.62 million compared with $101.04 million a year ago. For the six months, the company reported revenue of $1,130.83 million compared to $1,217.30 million a year ago. Operating income was $201.23 million compared to $233.88 million a year ago. Earnings before taxes on income were $190.97 million compared to $222.68 million a year ago. Net earnings attributable to the company were $119.15 million, or $2.13 per diluted share, compared with $137.24 million, or $2.40 per diluted share a year ago. Capital expenditures were $190.15 million compared with $163.30 million a year ago. The company provided earnings guidance for the third quarter and full year 2015. For the quarter, its earnings guidance is $0.95 to $1.10 per share. Its third quarter outlook reflects some impact on its inland marine business from challenging operating conditions. The company is narrowing its full year 2015 guidance slightly to $4.10 to $4.35 per share. The company expects 2015 capital spending to be in the $315 to $325 million range including approximately $70 million for the construction of 38 inland tank barges and three inland towboats, all expected to be delivered in 2015. The capital spending guidance range also includes approximately $95 million in progress payments for the construction of two 185,000 barrel coastal ATBs and two 155,000 barrel coastal ATBs. The balance of $150 to $160 million is primarily for capital upgrades and improvements to existing inland and coastal marine equipment and facilities, as well as diesel engine services facilities.

Kirby Corporation Presents at Boston Transportation Conference, Aug-11-2015 12:00 PM

Kirby Corporation Presents at Boston Transportation Conference, Aug-11-2015 12:00 PM. Venue: Credit Suisse offices in Boston, 1 Federal Street, 18th floor, Boston, Massachusetts, United States. Speakers: David W. Grzebinski, Chief Executive Officer, President and Director, Sterling Adlakha, Director IR & Finance.

 

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Industry Analysis

KEX

Industry Average

Valuation KEX Industry Range
Price/Earnings 15.1x
Price/Sales 1.6x
Price/Book 1.7x
Price/Cash Flow 8.7x
TEV/Sales 1.2x
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