Edition:
United States

Kirby Corp (KEX)

KEX on New York Consolidated

64.55USD
21 Jul 2017
Change (% chg)

$-0.40 (-0.62%)
Prev Close
$64.95
Open
$65.00
Day's High
$65.25
Day's Low
$63.90
Volume
200,716
Avg. Vol
407,558
52-wk High
$74.50
52-wk Low
$50.80

Latest Key Developments (Source: Significant Developments)

Kirby Corp entered into amendment of existing credit agreement
Wednesday, 28 Jun 2017 11:36am EDT 

June 28 (Reuters) - Kirby Corp :On June 26, entered into an amendment of its existing credit agreement with a group of commercial banks - SEC filing.Amendment to increase borrowing limit under Kirby's previous revolving credit facility from $550 million to $850 million.Amendment extends maturity date of facility to June 26, 2022.Credit agreement allows for a $300 million increase in aggregate commitments of banks in form of revolving credit loans or term loans.  Full Article

Kirby Corp signs agreement to purchase inland tank barges and towboats
Monday, 19 Jun 2017 04:15pm EDT 

June 19 (Reuters) - Kirby Corp -:Kirby Corporation signs agreement to purchase inland tank barges and towboats.Kirby Corp - deal for $68 million..Kirby - asset purchase will consist of nine specialty pressure tank barges, four 30,000 barrel tank barges, and three 1320 horsepower inland towboats.Kirby Corp - signing of an agreement to purchase certain inland marine assets from an undisclosed competitor for $68 million.Acquisition is expected to be paid for using funds available under Kirby's revolving credit facility.Kirby Corp- expect transaction to be $0.01 - $0.02 per share accretive to 2017 earnings.  Full Article

Kirby Corp to buy Stewart & Stevenson LLC for about $710 mln
Tuesday, 13 Jun 2017 04:15pm EDT 

June 13 (Reuters) - Kirby Corp :Kirby corporation enters agreement to purchase stewart & stevenson llc.Kirby corp - deal for approximately $710 million.Kirby - agreement was signed on june 13 by hushang ansary, executive chairman of stewart & stevenson, and joseph h. Pyne, executive chairman of kirby corporation.Kirby corp - purchase will be funded equally through kirby's revolving credit facility and kirby common stock valued at approximately $355 million.Kirby corp says entered agreement to acquire substantially all of assets and businesses of stewart & stevenson llc.Kirby corp says expect this acquisition will be modestly accretive to 2017 earnings per share.Kirby corp - expect more meaningful accretion in 2018 from deal.  Full Article

Kirby Corporation sees Q2 2017 earnings per share $0.40 to $0.55
Wednesday, 26 Apr 2017 05:00pm EDT 

April 26 (Reuters) - Kirby Corp : :Kirby corporation announces 2017 first quarter results.Q1 revenue $491.7 million versus $458.7 million.Sees Q2 2017 earnings per share $0.40 to $0.55.Q1 earnings per share $0.51.Q1 earnings per share view $0.51, revenue view $425.4 million -- Thomson Reuters I/B/E/S.Q2 earnings per share view $0.49 -- Thomson Reuters I/B/E/S.Full year 2017 earnings per share guidance range remains unchanged at $1.70 to $2.20.Kirby Corp - demand for inland tank barge transportation of petrochemicals, refined petroleum products, and agricultural chemicals was stable in quarter.Says in coastal market, we expect utilization in mid-70% to low 80pct range for Q2 and full year.Kirby Corp - Kirby's inland tank barge utilization was in high 80pct to low 90pct range during quarter.Kirby expects 2017 capital spending to be in $165 to $185 million range, unchanged from previous guidance.Kirby Corp - in coastal marine transportation market, demand for transportation of black oil, petrochemicals, and dry products was stable in quarter.Kirby Corp - cost reduction in Q1, early Q2 should allow to operate at qtrly breakeven operating margins or slight operating loss for rest of the year.Kirby - in quarter demand for transportation of refined petroleum products, crude oil lower than 2016 Q1, reflected general and seasonal weakness in northeast, Alaska.Q1 earnings per share view $0.51, revenue view $425.4 million -- Thomson Reuters I/B/E/S.  Full Article

KIRBY CORP Q4 EARNINGS PER SHARE $0.60
Wednesday, 1 Feb 2017 05:51pm EST 

Kirby Corp : KIRBY CORPORATION ANNOUNCES 2016 FOURTH QUARTER AND FULL YEAR RESULTS . Q4 REVENUE $435.7 MILLION VERSUS I/B/E/S VIEW $408.3 MILLION . SEES FY 2017 EARNINGS PER SHARE $1.70 TO $2.20 . SEES Q1 2017 EARNINGS PER SHARE $0.40 TO $0.55 . Q4 EARNINGS PER SHARE $0.60 . Q4 EARNINGS PER SHARE VIEW $0.52 -- THOMSON REUTERS I/B/E/S . KIRBY CORP SAYS EXPECTS 2017 CAPITAL SPENDING TO BE IN $165 TO $185 MILLION RANGE . KIRBY CORP - "WE EXPECT IMPROVING FUNDAMENTALS IN LAND-BASED MARKET TO CONTINUE THROUGH YEAR" . FY2017 EARNINGS PER SHARE VIEW $2.24 -- THOMSON REUTERS I/B/E/S .Q1 EARNINGS PER SHARE VIEW $0.49 -- THOMSON REUTERS I/B/E/S.  Full Article

Baillie Gifford & Co reports 5.96 percent passive stake in Kirby Corp as of 31st Dec 2016
Friday, 27 Jan 2017 10:58am EST 

Baillie Gifford & Co :Baillie Gifford & Co reports 5.96 percent passive stake in Kirby Corp as of 31st December 2016 -SEC filing.  Full Article

Kirby Corporation announces 2016 third quarter results
Wednesday, 26 Oct 2016 05:00pm EDT 

Kirby Corp : Kirby Corporation announces 2016 third quarter results . Q3 revenue $434.7 million versus I/B/E/S view $410.2 million . Q3 earnings per share $0.59 . Q3 earnings per share view $0.55 -- Thomson Reuters I/B/E/S . Says full year 2016 earnings per share guidance narrowed to a range of $2.47 to $2.62 compared with $2.40 to $2.70 previously . Earnings guidance for 2016 Q4 is $0.45 to $0.60 per share . Full year earnings per share guidance is narrowed to $2.47 to $2.62 from previous guidance range of $2.40 to $2.70 . Expects 2016 capital spending to be in $230 to $250 million range, unchanged from previous guidance . FY2016 earnings per share view $2.61 -- Thomson Reuters I/B/E/S .Q4 earnings per share view $0.53 -- Thomson Reuters I/B/E/S.  Full Article

Kirby Q2 earnings per share $0.72
Wednesday, 27 Jul 2016 05:00pm EDT 

Kirby Corp : Expects 2016 capital spending to be unchanged in $230 to $250 million range. . Lower revenues and operating loss as compared to Q2 2015 were due to lack of pressure pumping unit manufacturing,lower sales of engines . Q3 earnings per share view $0.74 -- Thomson Reuters I/B/E/S . Announces 2016 second quarter results . Q2 earnings per share $0.72 . Q2 revenue $441.6 million versus i/b/e/s view $452.6 million . Q2 earnings per share view $0.70 -- Thomson Reuters I/B/E/S . Sees fy 2016 earnings per share $2.40 to $2.70 . FY2016 earnings per share view $2.97 -- Thomson Reuters I/B/E/S .Sees Q3 2016 earnings per share $0.50 to $0.65.  Full Article

CSI Compressco LP names Derek Coffie as chief financial officer
Monday, 20 Jun 2016 05:53pm EDT 

CSI Compressco LP : Coffie succeeds Elijio V. Serrano . Serrano will continue as senior vice president and CFO of Tetra Technologies Inc .CSI Compressco LP names Derek Coffie as chief financial officer.  Full Article

Kirby Corporation signs agreement to purchase the inland tank barge fleet of SEACOR Holdings Inc
Tuesday, 8 Mar 2016 04:15pm EST 

Kirby Corporation:Signing of an agreement to purchase the inland tank barge fleet of SEACOR Holdings Inc from subsidiaries of Seacor for approximately $88 million in cash.Asset purchase will consist of 27 inland 30,000 barrel tank barges and 13 inland towboats, plus one 30,000 barrel tank barge and one towboat currently under construction.Also, as part of the agreement, Kirby will transfer to Seacor the ownership of one Florida-based ship docking tugboat.Acquisition is expected to be paid for using funds available under Kirby's revolving credit facility.  Full Article

BRIEF-Kirby Corp entered into amendment of existing credit agreement

* On June 26, entered into an amendment of its existing credit agreement with a group of commercial banks - SEC filing