Kirby Corp Files 8-K on Operations and Financials
Ticker: KEX · Form: 8-K · Filed: Jan 30, 2025 · CIK: 56047
| Field | Detail |
|---|---|
| Company | Kirby CORP (KEX) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, financial-reporting, operations
TL;DR
Kirby Corp dropped an 8-K on Jan 30th about their financials. Stay tuned.
AI Summary
On January 30, 2025, Kirby Corporation filed an 8-K report. The filing primarily concerns the company's results of operations and financial condition, along with financial statements and exhibits. No specific financial figures or operational details were provided in the excerpt.
Why It Matters
This filing indicates Kirby Corporation is providing updates on its financial performance and operational status to the SEC, which is important for investors and stakeholders to monitor.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting operational and financial information, not indicating any immediate or unusual risks.
Key Players & Entities
- Kirby Corporation (company) — Registrant
- January 30, 2025 (date) — Date of earliest event reported
FAQ
What is the primary purpose of this 8-K filing for Kirby Corporation?
The primary purpose of this 8-K filing is to report on Kirby Corporation's Results of Operations and Financial Condition, as well as to include Financial Statements and Exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on January 30, 2025.
What is Kirby Corporation's principal executive office address?
Kirby Corporation's principal executive office is located at 55 Waugh Drive, Suite 1000, Houston, Texas, 77007.
What is Kirby Corporation's telephone number?
Kirby Corporation's telephone number, including area code, is 713-435-1000.
What is Kirby Corporation's Standard Industrial Classification code?
Kirby Corporation's Standard Industrial Classification code is 4400, which corresponds to Water Transportation.
Filing Stats: 821 words · 3 min read · ~3 pages · Grade level 14.5 · Accepted 2025-01-30 14:20:48
Filing Documents
- kex-20250130.htm (8-K) — 47KB
- kex-ex99_1.htm (EX-99.1) — 707KB
- img121045063_0.jpg (GRAPHIC) — 148KB
- 0000950170-25-010957.txt ( ) — 1104KB
- kex-20250130.xsd (EX-101.SCH) — 27KB
- kex-20250130_htm.xml (XML) — 5KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On January 30, 2025, Kirby Corporation ("Kirby" or the "Company") issued a press release announcing results for the fourth quarter ended December 31, 2024. A copy of the press release is attached as Exhibit 99.1 to this report. Adjusted EBITDA, a non-GAAP financial measure, is used in the press release. Kirby defines Adjusted EBITDA as net earnings attributable to Kirby before interest expense, taxes on income, depreciation and amortization, and impairment of assets. Kirby has historically evaluated its operating performance using numerous measures, one of which is Adjusted EBITDA. Adjusted EBITDA is presented because of its wide acceptance as a financial indicator. Adjusted EBITDA is one of the performance measures used in Kirby's incentive bonus plan. Adjusted 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 Adjusted EBITDA to net earnings attributable to Kirby for the 2024 and 2023 fourth quarters and years is included in the press release. Adjusted 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 compari
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 January 30, 2025 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: January 30, 2025 By: /s/ Raj Kumar Raj Kumar Executive Vice President and Chief Financial Officer