Kirby Corp Files 8-K on Operations & Financials

TL;DR

Kirby Corp dropped an 8-K detailing its financials and operations as of Oct 30, 2024.

AI Summary

Kirby Corporation filed an 8-K on October 30, 2024, to report on its results of operations and financial condition. The filing includes financial statements and exhibits related to this reporting period. Kirby Corporation, incorporated in Nevada, is primarily involved in water transportation.

Why It Matters

This filing provides crucial updates on Kirby Corporation's financial performance and operational status, which can influence investor decisions and market perception.

Risk Assessment

Risk Level: low — This is a routine 8-K filing for reporting financial results and does not appear to contain any unusual or high-risk information.

Key Players & Entities

• Kirby Corporation (company) — Registrant
• 55 Waugh Drive, Suite 1000, Houston, Texas 77007 (location) — Principal Executive Offices
• 713-435-1000 (phone_number) — Registrant's telephone number
• Nevada (location) — State of Incorporation
• October 30, 2024 (date) — Date of Report

FAQ

Filing Documents

• kex-20241030.htm (8-K) — 43KB
• kex-ex99_1.htm (EX-99.1) — 478KB
• img121045063_0.jpg (GRAPHIC) — 148KB
• 0000950170-24-118877.txt ( ) — 864KB
• kex-20241030.xsd (EX-101.SCH) — 26KB
• kex-20241030_htm.xml (XML) — 5KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On October 30, 2024, Kirby Corporation ("Kirby" or the "Company") issued a press release announcing results for the third quarter ended September 30, 2024. A copy of the press release is attached as Exhibit 99.1 to this report. EBITDA, a non-GAAP financial measure, is used in the press release. Kirby defines EBITDA as net earnings attributable to Kirby before interest expense, taxes on income, and depreciation and amortization. Kirby has historically evaluated its operating performance using numerous measures, one of which is EBITDA. EBITDA is presented because of its wide acceptance as a financial indicator. EBITDA is one of the performance measures used in calculating performance compensation pursuant to the Company's annual incentive plan. EBITDA is also used by rating agencies in determining Kirby's credit rating and by analysts publishing research reports on Kirby, as well as by investors and investment bankers generally in valuing companies. A quantitative reconciliation of EBITDA to net earnings attributable to Kirby for the 2024 and 2023 third quarters and first nine months is included in the press release. EBITDA is not a calculation based on generally accepted accounting principles and should not be considered as an alternative to, but should only be considered in conjunction with, Kirby's GAAP financial information. The press release also includes non-GAAP financial measures which exclude certain one-time items, including earnings before taxes on income (excluding one-time items), net earnings attributable to Kirby (excluding one-time items), and diluted earnings per share (excluding one-time items). A reconciliation of these measures with GAAP is included in the press release. Management believes that the exclusion of certain one-time items from these financial measures enables it and investors to assess and understand operating performance, especially when comparing those results with previ

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits EXHIBIT INDEX Exhibit Number Description of Exhibit 99.1 Press release dated October 30, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KIRBY CORPORATION Date: October 30, 2024 By: /s/ Raj Kumar Raj Kumar Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR