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Kirby Corporation reported fourth-quarter 2024 GAAP earnings of $0.74 per share and adjusted earnings of $1.29 per share, with revenue of $802.3 million. For full-year 2024, net earnings were $286.7 million, or $4.91 per share.
Kirby expects 2025 earnings to grow 15% to 25%, and its inland marine term contracts were repriced 6-9% higher year over year.
Kirby is a major inland barge operator, so higher term contract rates point to firmer barge freight costs for grain shippers. The impact on feed prices is modest, but it adds cost pressure to river-based grain movement.
globenewswire.comKirby CorporationJan 30, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
