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Last $78.38 USD
Change Today +0.54 / 0.69%
Volume 598.9K
KEX On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

kirby corp (KEX) Snapshot

Open
$77.82
Previous Close
$77.84
Day High
$78.65
Day Low
$77.06
52 Week High
09/17/14 - $124.12
52 Week Low
01/29/15 - $70.89
Market Cap
4.4B
Average Volume 10 Days
466.9K
EPS TTM
$4.90
Shares Outstanding
55.8M
EX-Date
07/26/90
P/E TM
16.0x
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 Kirby Inland Marine - LP and Pre...
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 Presents at Bank of America Merrill Lynch 2015 Transportation Conference, May-14-2015 02:25 PM

Kirby Corporation Presents at Bank of America Merrill Lynch 2015 Transportation Conference, May-14-2015 02:25 PM. Venue: The Four Seasons, Boston, Massachusetts, United States. Speakers: David W. Grzebinski, Chief Executive Officer, President and Director.

Kirby Corporation Trims its Workforce

Kirby Corp. has laid off 200 workers or about 4% of its employees, as it adjusts to cope with low oil prices. The cuts were all in its land-based diesel engine services and accounted for 40% of those workers. Most of the laid-off workers were based in Oklahoma City, and there were no layoffs in other parts of the business.

Kirby Corporation Enters into a Credit Agreement

On April 30, 2015, Kirby Corporation entered into a credit agreement with a group of commercial banks that increases the borrowing limit under its previous revolving credit facility from $325 million to $550 million. The credit agreement, which has a maturity date of April 30, 2020, provides for a variable interest rate based on the London Interbank Offered Rate or a base rate calculated with reference to the agent bank's prime rate, among other factors. The interest rate spread varies with its credit rating and is currently 112.5 basis points over LIBOR or 12.5 basis points over the Base Rate. In addition, the credit agreement allows for a $300 million increase in the aggregate commitments of the banks in the form of revolving credit loans or term loans, subject to the consent of each bank that elects to participate in the increased commitment. Borrowings under the facility were used to refinance the outstanding indebtedness under its previous revolving credit agreement and term loan agreement and may also be used for general corporate purposes, including acquisitions. As of April 30, 2015, the company had outstanding borrowings under the facility of $317,331,000.

 

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Industry Analysis

KEX

Industry Average

Valuation KEX Industry Range
Price/Earnings 15.8x
Price/Sales 1.7x
Price/Book 2.0x
Price/Cash Flow 9.5x
TEV/Sales 1.4x
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