Earnings ·
Kirby reports Q3 EPS of $2.09, up 27%, and agrees to acquire inland marine assets for $115M
KEXKirby Corp
Kirby Corporation reported third-quarter net earnings attributable to Kirby of $110.8 million, or $2.09 per diluted share, compared with $92.5 million, or $1.65 per share, in the prior-year period. Total revenues increased 17% year-over-year to $977.2 million from $871.2 million. The company returned $112 million to shareholders through share repurchases during the quarter. Additionally, Kirby entered into an agreement to acquire certain inland marine assets for $115 million, including nine towboats and fourteen barges, with closing expected in the fourth quarter of 2026. Management updated its full-year earnings per share growth guidance range to 10% to 15%. Kirby Corporation is the nation’s largest domestic tank barge operator and provides power generation equipment and services.