Kirby Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
January 27, 2022 at 07:00 am EST
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Kirby Corporation reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported revenue was USD 591.27 million compared to USD 489.76 million a year ago. Net income was USD 10.96 million compared to USD 22.2 million a year ago. Basic earnings per share from continuing operations was USD 0.18 compared to USD 0.37 a year ago. Diluted earnings per share from continuing operations was USD 0.18 compared to USD 0.37 a year ago.
For the full year, revenue was USD 2,246.66 million compared to USD 2,171.41 million a year ago. Net loss was USD 246.95 million compared to USD 272.55 million a year ago. Basic loss per share from continuing operations was USD 4.11 compared to USD 4.55 a year ago. Diluted loss per share from continuing operations was USD 4.11 compared to USD 4.55 a year ago.
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 
