Kirby (KEX) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.19 per share a year ago.
Kirby (KEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Scott Kirby, United Airlines CEO, joins 'CERAWeek' to discuss the airline industry trends, flight demand and FAA shortages.
With KEX's shares appreciating lately, we assess the stock's current positioning to determine whether it's a good investment choice at this juncture.
Kirby Corporation demonstrates resilience amid market volatility through prudent pricing, cost efficiency, and strategic investments in new barges, stabilizing top-line growth. Despite softer global demand and inflation, KEX's marine transportation segment grew 3.1% YoY, offsetting declines in distribution and services, maintaining stable margins. Strong liquidity, increasing free cash flow, and a solid balance sheet enable KEX to sustain operations and invest without reducing cash reserves.
KEX's fourth-quarter 2024 earnings and revenues increase year over year.
Kirby Corporation (NYSE:KEX ) Q4 2024 Earnings Conference Call January 30, 2025 8:30 AM ET Company Participants Kurt Niemietz - VP, IR & Treasurer David Grzebinski - CEO Raj Kumar - CFO Christian O'Neil - President & COO Conference Call Participants Reed Seay - Stephens Benjamin Nolan - Stifel Adam Roszkowski - Bank of America Sherif Elmaghrabi - BTIG Greg Wasikowski - Webber Research Operator Good morning, and welcome to the Kirby Corporation 2024 Fourth Quarter Earnings Conference Call. All participants will be in a listen-only mode.
While the top- and bottom-line numbers for Kirby (KEX) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Kirby (KEX) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.04 per share a year ago.
Kirby Corporation is expected to report flat y/y revenue growth and a 24% y/y increase in EPS, despite inflationary pressures and seasonal softness. Analysts have revised EPS estimates downward, but Kirby has a strong track record of beating earnings expectations, suggesting potential for an upside surprise. The “drill, baby, drill” strategy under Trump's administration could boost demand for Kirby's transportation services, though the overall impact on oil prices and inflation remains uncertain.
KEX's fourth-quarter 2024 top line is expected to have been boosted by positive market dynamics and steady demand.
CNBC's Phil LeBeau and United Airlines CEO Scott Kirby join 'Squawk on the Street' to discuss the company's quarterly earnings results, impact of the new Trump administration, airline consolidation, growth outlook, Boeing deliveries, and more.