Stock Data
$0.00 (0.00%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
MARINE SHIPPING
Kirby Corporation is a leading operator of domestic tank barges in the United States, specializing in the transportation of bulk liquid products. With a fleet that includes over a thousand inland tank barges and numerous coastal and offshore vessels, Kirby serves a wide range of industries by moving petrochemicals, refined petroleum products, agricultural chemicals, and dry-bulk cargos. Beyond marine transportation, Kirby offers extensive after-market service and parts for engines and industrial equipment, supports oilfield services with manufacturing and remanufacturing capabilities, and provides rental solutions for generators and industrial machinery. Founded in 1921 and based in Houston, Texas, Kirby has evolved into a vital player in America's maritime and service sectors.
Kirby beat EPS and revenue estimates as data center power generation demand surged, but fuel costs nearly doubled in its marine transportation segment, compressing margins and pressuring free cash flow to near zero. Management expects the fuel headwind to reverse in Q3 and guided toward the upper end of its full-year 5% to 15% EPS growth range.
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