Key Developments: Kirby Corp (KEX)

Latest Key Developments (Source: Significant Developments)

Kirby Corp Announces Appointment Of President-Form 8-K
Thursday, 25 Apr 2013 06:02am EDT

Kirby Corp reported in its Form 8-K that on April 23, 2013, the Board of Directors of Kirby elected Joseph H. Pyne Chairman of the Board, President and Chief Executive Officer (CEO) of the Company. He previously served as Chairman of the Board and Chief Executive Officer (CEO). Mr. Binion previously served as President and Chief Operating Officer of Kirby. On April 19, 2013, Mr. Pyne notified the Board that he has decided to relinquish the position of Chief Executive Officer in early 2014. Full Article

Kirby Corp Issues Q2 2013 EPS Guidance In Line With Analysts' Estimates; Raises FY 2013 EPS Guidance
Wednesday, 24 Apr 2013 06:00pm EDT

Kirby Corp announced that for the second quarter of 2013, it expects earnings guidance of $1.00 to $1.10 per share. For fiscal 2013, it is raising earnings guidance to $4.10 to $4.30, including the $.05 per share first quarter credit to United's contingent earnout liability. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $1.05 for the second quarter of 2013 and EPS of $4.21 for fiscal 2013. Full Article

Kirby Corp Reaffirms Q1, FY 2013 EPS Guidance
Wednesday, 13 Feb 2013 01:25pm EST

Kirby Corp announced that for the first quarter of 2013, it expects earning per share of $0.82 to $0.92. For fiscal 2013, the Company expects earning per share (EPS) of $4.00 to $4.20. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $0.91 for the first quarter of 2013 and EPS of $4.19 for fiscal 2013. Full Article

Kirby Corp Issues Q1 2013 EPS Guidance Below Analayts' Estimates; Issues FY 2013 EPS Guidance In Line With Analysts' Estimates
Wednesday, 30 Jan 2013 06:00pm EST

Kirby Corp announced that for fiscal 2013, it expects earnings per share (EPS) in the range of $4.00 to $4.20 per share. For first quarter of 2013, it expects EPS in range of $.82 to $.92 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.96 for first quarter of 2013 and EPS of $4.13 for fiscal 2013. Full Article

Kirby Corp Signs Agreement To Acquire Penn Maritime
Tuesday, 27 Nov 2012 08:25pm EST

Kirby Corp announced that it has entered into an agreement to acquire Penn Maritime Inc. and Maritime Investments LLC (collectively Penn or Penn Maritime), an operator of tank barges and tugboats participating in the coastal transportation of primarily black oil products in the United States. The total value of the transaction is approximately $295 million (before post-closing adjustments and transaction fees) and will consist of cash, Kirby common stock and the retirement of Penn's debt. Full Article

Kirby Corp Reaffirms Q4, FY 2012 EPS Guidance-Conference Call
Tuesday, 13 Nov 2012 04:45pm EST

Kirby Corp announced that for the fourth quarter of 2012, it expects earnings in a range of $0.83 to $0.93 a share. For fiscal 2012, it expects earnings in a range of $3.53 to $3.63 a share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.89 for fourth quarter of 2012. Full Article

Kirby Corp Issues Q4 2012 EPS Guidance In Line With Analysts' Estimates; Narrows FY 2012 EPS Guidance
Wednesday, 24 Oct 2012 05:00pm EDT

Kirby Corp announced that for fourth quarter of 2012, it expect earnings per share (EPS) in the range of $0.83 to $0.93. For fiscal 2012, the Company narrows earnings per share guidance to $3.53 to $3.63 compared with $3.33 per share for the 2011 year. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.89 for fourth quarter of 2012 and EPS of $3.63 for fiscal 2012. Full Article

Kirby Corp Reaffirms Q3 2012 EPS Guidance-Conference Call
Thursday, 20 Sep 2012 02:00pm EDT

Kirby Corp reaffirmed its third-quarter 2012 guidance and expects earnings per share (EPS) to be in the range of $0.87 to $0.97. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of 0.90 for the third quarter of 2012. Full Article

Kirby Corp Reaffirms FY 2012 EPS Guidance; Signs Agreement To Acquire Allied Transportation Company
Tuesday, 4 Sep 2012 04:51pm EDT

Kirby Corp announced that for fiscal 2012, it remains in the $3.50 to $3.70 per share range. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.64 for fiscal 2012. The Company also announced that it has entered into an agreement to purchase the assets of Allied Transportation Company (Allied), a subsidiary of Allied Marine Industries, and two affiliated companies. The purchase will be financed through Kirby's revolving credit facility. Kirby received the consent and commitment from participating banks to increase its unsecured revolving credit facility from $250 million to $325 million. The closing of the Allied transaction is expected to occur in the late third or early fourth quarter of 2012 and is subject to certain conditions, including expiration of the required waiting period under the Hart-Scott-Rodino Act. Full Article

Kirby Corporation Issues Q3 2012 EPS Guidance In Line With Analysts' Estimates; Raises Low End Of Prior FY 2012 EPS Guidance To A Range In Line With Analysts' Estimates
Wednesday, 25 Jul 2012 06:02pm EDT

Kirby Corporation announced that for the third quarter of 2012, it expects earnings per share (EPS) to be in the range of $0.87 to $0.97 per share. For fiscal 2012, it expects earnings per share (EPS) to be in the range of $3.50 to $3.70. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of 0.90 for the third quarter of 2012; EPS of $3.56 for fiscal 2012. Full Article

Kirby Corp News

U.N. team won't be deterred if North Korea rebuffs inquiry into abuses

SYDNEY - U.N. investigators will seek the cooperation of North Korea as part of an inquiry into allegations of widespread human rights abuses in the country but won't be deterred if Pyongyang refuses, the head of the investigating panel said on Thursday.

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