Kirby Corporation Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year of 2021
April 29, 2021 at 08:30 am EDT
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Kirby Corporation provided earnings guidance for the third quarter, fourth quarter and full year of 2021. For the second quarter, The company expects revenues and operating income to meaningfully improve with better spot market dynamics.
For the third quarter, The company expects revenues and operating income to meaningfully improve with better spot market dynamics.
For the full year, The company expects revenues and operating income will be down year-over-year.
Kirby Corporation is a domestic tank barge operator. The Company transports bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, and coastwise along all three United States coasts. The Company, through its marine transportation segment (KMT), transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barge. It also participates in the transportation of dry-bulk commodities in the United States coastwise trade. Through its distribution and services segment (KDS), it sells after-market service and genuine replacement parts for engines, transmissions, reduction gears and power generation equipment used in oil and gas and commercial and industrial applications. It also rents a variety of power generation and industrial equipment, manufactures and remanufactures oilfield service equipment, including pressure pumping units, and manufactures electric power generation equipment for oilfield service customers.
KIRBY CORPORATION 
