Kirby Corp. (KEX) Misses Q2 EPS by 3c
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Kirby Corporation Announces 2020 Second Quarter Results
July 30, 2020 7:01 AM EDTSecond quarter 2020 earnings of $0.42 per share
Marine transportation and distribution and services revenues decline amid weak economic conditions, but activity is slowly starting to improve
Marine operating margins increase despite reduced volumes and barge utilization levels
Significant cost reductions implemented across the Company and expect FY2020 capital expenditures down ~40% year-on-year
Strong net cash flow provided by operating activities of $171... More
