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Kirby Reports Higher Second-Quarter Earnings
| 题名： | Kirby Reports Higher Second-Quarter Earnings |
| 正文语种： | eng |
| 摘要： | In its July 27 second-quarter earnings announcement, Kirby Corporation reported net earnings of $57.4 million, or $0.95 per share, up from $28.5 million or $0.47 per share for the same quarter in 2022. Revenues were $777.2 million, compared with $698 million for the 2022 second quarter. David Grzebinski, Kirby's president and CEO, said the Houston-based company saw improvements in both its marine transportation and distribution/services segments. Kirby's strong free cash flow enabled it to increase share repurchases to $34 million for the quarter, he said. "In inland marine transportation, our second quarter results reflected continued improvement in pricing together with better weather conditions and operating efficiencies," Grzebinski said. "From a demand standpoint, customer activity was strong in the quarter with barge utilization rates running in the low 90 percent range. Spot market prices were up in the mid-single digits sequentially and in the mid to high 20 percent range year-over-year. Term contract prices also renewed up higher with low double-digit increases versus a year ago. |
| 出版年： | 2023 |
| 期刊名称： | The Waterways Jouranl |
| 卷： | 137 |
| 期： | 19 |
| 页码： | 3-4 |
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