NYSE$KEX
Kirby Corp · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Kirby reported strong year-over-year financial performance despite seasonal softness, with adjusted earnings per share up 24% and prepared for strong growth in 2025.
Kirby Corporation announced Q4 2024 net earnings of $42.8 million, or $0.74 per share, compared to $61.9 million, or $1.04 per share in Q4 2023. Excluding one-time items, net earnings were $74.9 million, or $1.29 per share. Consolidated revenues were $802.3 million compared to $799.2 million in the prior year. The company anticipates strong growth in 2025.
- GAAP earnings per share was $0.74, and adjusted earnings per share was $1.29.
- Inland marine term contracts repriced higher in the 6-9% range year-over-year.
- Kirby repurchased 286,697 shares at an average price of $116.16 for $33.3 million and reduced debt balances by $105 million.
- 2025 expected earnings growth of 15% to 25% year-over-year.
Headline financials
Revenue & EPS history
Kirby · Revenue · Quarterly
$802M
Revenue by segment
Kirby · $765M total across 2 segments · Q3 2023
- Marine Transportation$430M-0.7%56.2%
- Distribution & Services$335M+7.1%43.8%
Forward guidance
Kirby expects a strong year of financial growth in 2025, with 15-25% year-over-year growth in earnings per share. Inland marine anticipates positive market dynamics, and coastal marine expects steady customer demand. Distribution and services see mixed results with near-term volatility offset by power generation orders.
Tailwinds
- Refinery activity is starting to increase.
- Barge utilization is improving in inland.
- Spot rates are beginning to pick back up.
- Demand for power generation is very strong.
- Marine repair demand remains steady.
Headwinds
- Typical seasonal weather conditions are expected to pose some near-term headwinds in the first quarter.
- High levels of shipyard activity are expected to linger near term in coastal.
- Supply issues are causing near-term volatility in distribution and services.
- Customers are deferring maintenance.
- Oil and gas activity is lower overall.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.3%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+3.7%
Avg return
30 days after
46%
31 / 68 earnings
Positive
+15.1%
Q2 2012
Best reaction
-13.6%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.2% | -6.0% | -7.9% | |
| Q4 2025 | -4.7% | -5.8% | +1.3% | |
| Q3 2025 | +13.7% | +17.7% | +28.1% | |
| Q1 2025 | +3.3% | +6.1% | +14.8% | |
| Q4 2024 | +5.2% | +0.3% | -2.2% | |
| Q3 2024 | -6.7% | -6.3% | +2.8% | |
| Q2 2024 | -10.5% | -9.9% | -2.4% | |
| Q1 2024 | +10.8% | +8.0% | +21.1% | |
| Q4 2023 | +6.5% | +7.2% | +11.5% | |
| Q3 2023 | -5.9% | -5.9% | -2.6% | |
| Q2 2023 | +3.6% | +4.1% | +4.8% | |
| Q1 2023 | +7.9% | +9.0% | +10.0% | |
| Q4 2022 | +11.2% | +14.0% | +14.5% | |
| Q3 2022 | -2.6% | -2.2% | -0.4% | |
| Q2 2022 | -4.4% | -4.3% | +3.9% | |
| Q1 2022 | -0.5% | +0.8% | +4.4% | |
| Q4 2021 | +6.4% | +6.2% | +4.1% | |
| Q3 2021 | -5.8% | +0.6% | -2.8% | |
| Q2 2021 | -2.6% | -3.4% | -6.4% | |
| Q1 2021 | -1.8% | +1.2% | +0.8% | |
| Q4 2020 | -0.5% | +11.2% | +22.6% | |
| Q3 2020 | +6.0% | +10.7% | +44.5% | |
| Q2 2020 | +0.7% | -3.7% | -5.4% | |
| Q1 2020 | -3.6% | +4.7% | +11.3% | |
| Q4 2019 | -13.6% | -15.3% | -24.8% | |
| Q3 2019 | -1.0% | -1.1% | +3.0% | |
| Q2 2019 | -1.9% | +1.0% | -9.3% | |
| Q1 2019 | +8.6% | +3.9% | -1.0% | |
| Q4 2018 | +3.6% | +5.4% | +4.0% | |
| Q3 2018 | +7.9% | +6.6% | +3.4% | |
| Q2 2018 | -7.9% | -5.4% | +0.1% | |
| Q1 2018 | +2.7% | +0.7% | +6.4% | |
| Q4 2017 | +3.1% | +3.7% | -0.5% | |
| Q3 2017 | -5.9% | -6.8% | -6.0% | |
| Q2 2017 | -5.2% | -6.9% | -4.9% | |
| Q1 2017 | -2.1% | -3.4% | -8.6% | |
| Q4 2016 | +0.3% | +6.3% | +8.9% | |
| Q3 2016 | +5.3% | +4.6% | +17.0% | |
| Q2 2016 | -8.4% | -9.7% | -12.1% | |
| Q1 2016 | -1.2% | — | — | |
| Q4 2015 | -4.3% | — | — | |
| Q3 2015 | +1.7% | — | — | |
| Q2 2015 | +0.7% | — | — | |
| Q1 2015 | -5.1% | — | — | |
| Q4 2014 | -7.7% | — | — | |
| Q3 2014 | -3.5% | — | — | |
| Q2 2014 | -0.9% | — | — | |
| Q1 2014 | +8.4% | — | — | |
| Q4 2013 | -2.7% | — | — | |
| Q3 2013 | -1.5% | — | — | |
| Q2 2013 | -0.7% | — | — | |
| Q1 2013 | -0.0% | — | — | |
| Q4 2012 | +4.8% | — | — | |
| Q3 2012 | -7.4% | — | — | |
| Q2 2012 | +15.1% | — | — | |
| Q1 2012 | +6.2% | — | — | |
| Q4 2011 | +0.1% | — | — | |
| Q3 2011 | +0.7% | — | — | |
| Q2 2011 | -1.8% | — | — | |
| Q1 2010 | -0.1% | — | — | |
| Q1 2011 | +1.2% | — | — | |
| Q4 2008 | +3.9% | — | — | |
| Q4 2010 | +3.9% | — | — | |
| Q3 2009 | +3.0% | — | — | |
| Q3 2010 | +3.0% | — | — | |
| Q4 2009 | -2.1% | — | — | |
| Q2 2010 | -2.1% | — | — | |
| Q2 2009 | -2.1% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro