Kirby Corporation Announces 2020 Third Quarter Results
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Kirby Corp. (KEX) Tops Q3 EPS by 10c, Revenues Miss
October 29, 2020 7:25 AM EDTKirby Corp. (NYSE: KEX) reported Q3 EPS of $0.46, $0.10 better than the analyst estimate of $0.36. Revenue for the quarter came in at $496.57 million versus the consensus estimate of $543.79 million.
Third quarter 2020 earnings of $0.46 per shareDistribution and services at breakeven as a result of significant cost reductions and improved activityMarine results impacted by reduced volumes and hurricanesStrong net cash flow provided by operating activities of $118 million and free cash flow of $81 million in the third quarterExpect FY2020 free cash flow of $300 to $350 millionDavid Grzebinski, Kirbys President and Chief Executive... More
