# Kirby Corporation Announces 2018 Fourth Quarter/Full Year Results and Signs Agreement to Purchase the Marine Transportation Fleet of Cenac Marine Services, LLC

> Kirby Corporation reported a fourth-quarter 2018 net loss of $24.4 million, which included a $1.16 per share impairment on older coastal vessels. It also agreed to buy the marine transportation fleet of Cenac Marine Services for about $244 million and gave 2019 earnings guidance of $3.25 to $3.75 per share.

- Date: 2019-01-31 · published 2019-01-31T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/61294-kirby-corporation-announces-2018-fourth-quarter-full-year-results-and-signs
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

This is a corporate earnings and fleet transaction for a major US inland tank and barge operator. It has little direct effect on feed commodity supply or prices.

## Sources

- einpresswire.com: https://www.einpresswire.com/article/475287813/kirby-corporation-announces-2018-fourth-quarter-full-year-results-and-signs-agreement-to-purchase-the-marine-transportation-fleet-of-cenac-marine

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.