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Kirby Reports Strong Third Quarter Results
| 题名： | Kirby Reports Strong Third Quarter Results |
| 正文语种： | eng |
| 摘要： | Low water and the Illinois Waterway lock closures contributed to barge utilization rates in the mid-80 percent range, Kirby Corporation said when it announced net earnings October 26 for the third quarter that ended September 30. Kirby reported earnings of $63.0 million or $1.05 per share, compared with third quarter 2022 earnings of $39.1 million or $0.65 per share. Spot rates and margins remained strong. Consolidated revenues for the 2023 third quarter were $764.8 million, compared with $745.8 million for the 2022 third quarter. Low water and lock delays contributed to a 24 percent increase in delays. "Both of our [marine] segments continued to per- form well during the quarter despite facing some temporary challenges," Kirby President and CEO David Gr-zebinski said. "In marine transportation, pricing on spot and term contracts continued to benefit from strong demand and limited availability of barges. Distribution and services delivered improved margins even as we continued to work through supply chain delays during the quarter. Overall, our earnings increased sequentially and year-over-year. |
| 出版年： | 2023 |
| 期刊名称： | The Waterways Jouranl |
| 卷： | 137 |
| 期： | 32 |
| 页码： | 3,12 |
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