KEX Earnings Prediction
The chart below shows how KEX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KEX sees a -2.27% change in stock price 10 days leading up to the earnings, and a +2.64% change 10 days following the report. On the earnings day itself, the stock moves by +1.87%. This data can give you a slight idea of what to expect for the next quarter's release.
KEX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
802.32M
0.39%
-3.47%
Gross Margin
24.48%
7.18%
-6.85%
Operating Margin
13.27%
15.19%
-12.00%
Net Margin
5.36%
-30.84%
-50.51%
EPS
0.74
-28.85%
-52.26%
No Data Available
KEX Earnings Analysis
Kirby Corp Corporation (KEX.N) Earnings Conference Call
Positive
Earnings Per Share Growth: GAAP earnings per share of $0.74, with adjusted earnings of $1.29 per share, reflecting a 24% year-over-year increase in adjusted earnings.
Free Cash Flow Utilization: Generated over $151 million in free cash flow during the quarter, used to pay down $105 million in debt and repurchase $33 million of stock.
Barge Utilization and Renewals: Inland marine transportation barge utilization rates averaged in the 90% range, with term contract renewals showing high single-digit increases year-over-year.
Power Generation Revenue Surge: Power Generation revenues grew 36% year-over-year, with strong order backlogs from major customers, indicating robust demand for backup power solutions.
Revenue and Margin Improvement: Coastal revenues increased 6% year-over-year, with operating margins in the low teens, benefiting from higher pricing despite shipyard impacts.
Negative
Earnings Per Share Impact: GAAP earnings per share reported at $0.74, impacted by a one-time charge of $0.74 for inventory write-down, indicating significant financial strain.
Oil and Gas Revenue Decline: Oil and Gas revenues decreased by 38% year over year and 24% sequentially, reflecting a severe downturn in the conventional Oil and Gas business.
Distribution Segment Decline: Distribution and Services segment revenue decreased by 3% year over year, with operating income down 7%, highlighting ongoing challenges in this area.
Inventory Impairment Charge: A non-cash inventory impairment charge of $5.63 million was recorded in the Distribution and Services segment due to weak market conditions for conventional diesel fracturing equipment.
Limited Revenue Growth Potential: Coastal revenues increased only 6% year over year, with operating margins in the low teens, indicating limited growth potential amid high shipyard activity.
KEX FAQs
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KEX Earning Call Sentiment
Earnings call transcript: Kirby Q4 2024 earnings miss estimates, stock drops
KEX.N
-3.12%Positive
The company's earnings call presents a mixed picture. While there is strong free cash flow generation and share repurchases, concerns about inventory write-downs, seasonal softness, supply chain constraints, and inflationary pressures weigh heavily. The Q&A section highlights uncertainties, particularly regarding tariffs and inflation. Although the adjusted EPS shows growth, the GAAP EPS is impacted by inventory write-downs. The neutral rating reflects these mixed signals, with positive elements offset by significant risks and uncertainties.
