Kirby Q4 Results Top Estimates; Elects Richard Alario To Succeed Joseph Pyne As Chairman

RTTNews | 572日前
Kirby Q4 Results Top Estimates; Elects Richard Alario To Succeed Joseph Pyne As Chairman

(RTTNews) - Kirby Corp. (KEX) reported Thursday that net earnings attributable to Kirby for the fourth quarter surged to $61.91 million or $1.04 per share from $37.31 million or $0.62 per share in the prior-year quarter.

Total revenues for the quarter grew to $799.18 million from $730.17 million in the same quarter last year.

On average, five analysts polled by Thomson Reuters expected the company to report earnings of $1.03 per share on revenues of $778.24 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead, the company said it anticipates its businesses to deliver 30 to 40 percent earnings growth in 2024. It also expects operating margins to gradually improve during the year with the first quarter being the lowest and averaging around 20 percent for the full year.

The company also announced the retirement of Joseph Pyne, Kirby's Chairman of the Board, who will not stand for reelection upon the expiration of his current term. Pyne has served as Chairman of Kirby since April 2010 and has been a board member for 35 years.

Succeeding Pyne is Richard Alario, who has been elected as Chairman of the Board, effective April 26, 2024. Alario has been a board member since 2011.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
TSX Modestly Higher As Financials, Mining Stocks Move Up

TSX Modestly Higher As Financials, Mining Stocks Move Up

Despite concerns about global trade, and political uncertainty in Europe, the Canadian market is modestly higher Tuesday afternoon, supported by gains in materials, industrials and financials sectors.
RTTNews | 2時54分前
Swiss Market Settles Weak

Swiss Market Settles Weak

After opening with a big negative gap Tuesday morning, the Swiss market gradually recovered some lost ground, and even managed a brief spell in positive territory midway through the session, but failed to sustain momentum and finally ended the day's session in the red.
RTTNews | 3時12分前
U.S. Consumer Confidence Index Edges Lower In August

U.S. Consumer Confidence Index Edges Lower In August

A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.
RTTNews | 7時4分前
U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders slumped by 2.8 percent in July after plummeting by a revised 9.4 percent in June.
RTTNews | 7時15分前
Bay Street May Open On Weak Note

Bay Street May Open On Weak Note

Canadian shares look headed for negative start on Tuesday, weighed down by weak oil prices, and concerns about global trade after U.S. President Donald Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.
RTTNews | 8時34分前
U.S. Durable Goods Orders Tumble Less Than Expected In July

U.S. Durable Goods Orders Tumble Less Than Expected In July

Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July.
RTTNews | 8時40分前