Kirby Comments on an Announcement

Wednesday, June 25, 2008

Recent announcement by a customer is anticipated to have minimal impact on petrochemical volumes transported 2008 second quarter and year earnings guidance confirmed

Kirby Corporation commented on a recent public announcement by a major petrochemical customer which plans to temporarily idle or reduce production of some products it manufactures at locations in the and . Kirby anticipates a minimal impact on petrochemical volumes transported for that customer.

Kirby also confirmed its 2008 second quarter earnings guidance of $.69 to $.74 per share, a 23% to 32% increase when compared with $.56 per share earned in the 2007 second quarter, and confirmed its 2008 year guidance of $2.74 to $2.89 per share, a 20% to 26% increase compared with $2.29 per share earned in 2007.

Joe Pyne, Kirby's President and Chief Executive Officer commented, "Our marine transportation and diesel engine services business levels remain favorable. The recent flooding on the Mississippi River System above is anticipated to have a minimal impact on our second quarter results."

 

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1146 sec (9 req/sec)