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Latest KEX News From Around the Web
Below are the latest news stories about Kirby Corp that investors may wish to consider to help them evaluate KEX as an investment opportunity.
Q1 2020 Kirby Corp Earnings Call
Falling revenues in oil and gas market is a major setback for Kirby (KEX). However, growth in marine division is impressive.
TNK vs. KEX: Which Stock Is the Better Value Option?
Kirby's (KEX) Q1 results reflect a 36.1% drop in distribution and services revenues. Impressive performance of the marine transportation division partly offsets the adversity.
KEX earnings call for the period ending March 31, 2020.
It's a strange time for public reporting. Companies are posting results for a period – January to March – that's largely irrelevant because it pre-dated peak COVID-19 fallout. The value of this round of quarterly reporting is in commentary on current conditions, particularly from bigger public players who can provide front-line insights on the U.S. economy. One of those bigger players is Kirby Corporation (NYSE: KEX ), the largest owner of inland tank barges in America and by far the largest listed vessel owner measured by market capitalization (at $3 billion). Before the market opened on Tuesday, Kirby reported a net loss of $248.5 million for the first quarter of 2020 compared to net income of $44.3 million in the same period last year. However, Kirby reported a $334.6 million after-t...
Oceangoing ships are performing very differently amid the crisis, depending on which cargo they carry. The same holds true in America's river transport system. Consequences of this year's two black swans — coronavirus and the oil price war — vary widely depending on whether a barge is carrying petrochemicals, crude oil, crops or coal. Tank-barges The largest tank-barge owner, Houston-based Kirby Corp. (NYSE: KEX ), held a special conference call on Monday to address the current market upheaval. The primary cargoes tank-barges carry are liquids for the petrochemical sector, much more so than crude oil — and the petrochemical business is now driving the market higher. According to Kirby CEO David Grzebinski, "Our utilization levels have been in the 95% range in recent weeks. This morning ...
2020 Kirby Corp. Performance, Capabilities, Goals and Strategies - Assessment of Over 1000 Companies Worldwide - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "2020 Kirby Corp. Performance, Capabilities, Goals and Strategies" company profile has been added to ResearchAndMarkets.com's offering. This report is part of the author's Competitive Analysis Series, which includes assessments of more than 1,000 companies worldwide. The report provides significant competitor information, analysis and insight critical to the development and implementation of effective marketing and R&D programs, including: Latest organizational
The American Maritime Partnership (AMP), the voice of the domestic maritime industry, announced the election of new leadership for the organization. Michael Roberts becomes the new president, with Matt Woodruff as vice president alongside Ku'u Park as treasurer and Matthew Paxton as secretary. Roberts is a Crowley Maritime Corp. senior vice president. He has represented Crowley on government matters since joining the company's Washington, D.C., office in 1991. He has more than 30 years of experience in Washington, both in house and with law and lobbying firms. Woodruff, vice president of public and government affairs for Kirby Corp., completed his two-year term as AMP president and moved to the vice president role. Park, vice president of government and community relations for the Matso...
Kirby Corporation (NYSE: KEX ) is facing strong industry fundamentals and is well positioned to leverage them, according to Seaport Global Securities. The Analyst Seaport Global’s Kevin Sterling upgraded Kirby from Neutral to Buy, while establishing a price target of $100. The Thesis The inland and coastal barge markets are poised for a strong recovery due to favorable supply and demand dynamics, Sterling said in the note. While the inland markets had improved slightly in 2019 in terms of utilization and pricing, the coastal market had delivered solid growth, the analyst mentioned. He added that channel checks indicated 15%-20% year-on-year growth in coastal contract renewal … Full story available on Benzinga.com