Diesel Engine Services News

Kirby Corporation (NYSE: KEX) has announced net earnings attributable to Kirby for the second quarter ended June 30, 2017 of $25.8 million, or $0.48 per share, compared with $38.9 million, or $0.72 per share, for the 2016 second quarter. Second quarter net earnings includes pre-tax expenses of $0.7 million, or approximately $0.01 per share, related to the pending acquisition of Stewart & Stevenson LLC (“S&S”). Consolidated revenues for the 2017 second quarter were $473.3 million compared with $441.6 million reported for the 2016 second quarter.

Kirby Corporation is a premier tank barge operator in the United States, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, along all three U.S. Coasts, and in Alaska and Hawaii. Kirby’s service includes the transporting of petrochemicals, black oil products, refined petroleum products and agricultural chemical products by tank barge. Kirby’s diesel engine services segment is a leading after-market service provider for medium-speed and high-speed diesel engines…

As Goltens celebrates 75 years serving the maritime industry, Roy Strand discusses the iconic company’s historic market strengths and its big push into the Ballast Water Treatment sector. Your company is celebrating its 75th anniversary this year. For readers who may not be familiar with the details of the company, can you provide a brief on its founding? The company was founded by Sigurd Golten in 1940. Golten was born in Western Norway and sailed as a merchant engineer from the age of 14. While sailing, he saw first-hand the importance of top-quality machine shops and repair providers.

Kirby Corporation announced record net earnings of $68.1 million, or $1.19 per share, for the fourth quarter 2014 (ended December 31). The results bested 2013’s fourth quarter figures of $64.3 million, $1.13 per share. Consolidated revenues for the 2014 Q4 increased 18% to $668.3 million compared with $568.4 million for Q4 2013. Kirby also reported record net earnings for the 2014 year of $282 million, $4.93 per share, compared with $253.1 million, $4.44 per share, for 2013 which included a $0.20 per share benefit due to the reduction of the United earnout liability.

Record 2014 third quarter earnings per share of $1.34 compared with $1.21 in the 2013 third quarter, which included a $0.08 benefit due to the reduction of the United earnout liability. Kirby Corporation announced record net earnings attributable to Kirby for the third quarter ended September 30, 2014 of $76.7 million, or $1.34 per share, compared with $69.1 million, or $1.21 per share, for the 2013 third quarter, which included a $0.08 per share benefit due to the reduction of the United earnout liability.

President: William G. Kirby Corporation is a premier tank barge operator in the United States, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, along all three U.S. Coasts, and in Alaska and Hawaii. Kirby’s service includes the transporting of petrochemicals, black oil products, refined petroleum products and agricultural chemical products by tank barge. Kirby also owns and operates seven ocean-going barge and tug units transporting dry-bulk commodities in United States coastwise trade.

Record 2014 second quarter earnings per share of $1.31 compared with $1.11 in the 2013 second quarter, which included a $0.07 benefit due to the reduction of the United earnout liability. Kirby Corporation announced record net earnings attributable to Kirby for the second quarter ended June 30, 2014 of $75.0 million, or $1.31 per share, compared with $63.1 million, or $1.11 per share, for the 2013 second quarter. Consolidated revenues for the 2014 second quarter increased 11% to $628.1 million compared with $563.9 million reported for the 2013 second quarter.

US tank barge operator and diesel engine service providers, Kirby Corporation, inform that earnings for the first quarter ending March 31, 2014 amounted to $62.2 million, or $1.09 per share, compared with $56.6 million, or $1.00 per share, for the 2013 first quarter. Consolidated revenues for the 2014 first quarter were $589.2 million compared with $558.8 million reported for the 2013 first quarter. Kirby's 2014 first quarter results included a $0.03 per share severance charge and an estimated $0.03 per share combined impact from delays related to winter weather and the costs associated with a collision of a Kirby vessel in the Houston Ship Channel.

Kirby Corporation says it is to construct an articulated 185,000 barrel tank barge and 10,000 horsepower tugboat unit (ATB unit) at a cost of $75 to $80 million for charter to a customer when completed. Joe Pyne, Kirby's Chairman and Chief Executive Officer, commented, "With the coastal fleet utilization around 90%, increasing demand for the coastwise movements of crude and natural gas condensate, and continued progress in expanding our coastal business to inland customers, new capacity is needed to meet demand. About Kirby Corp.

Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2013 second quarter results at 5:00 p.m. central time on Wednesday, July 24, 2013. A conference call to discuss the results will be held at 10:00 a.m. central time on Thursday, July 25, 2013. The telephone numbers to call to participate in the conference call are 800-446-2782 for domestic callers and 847-413-3235 for international callers. Please dial in five to ten minutes prior to the start of the call. The host is Steve Holcomb. The confirmation number is 35242862. An audio conference call playback will be available starting at 1:00 p.m. central time on Thursday, July 25, 2013 through 5:00 p.m. central time on Friday, August 23, 2013 by dialing 888-843-7419 for domestic callers and 630-652-3042 for international callers.

Kirby Corporation today announced net earnings attributable to Kirby for the fourth quarter ended December 31, 2012 of $57.9 million, or $1.03 per share, compared with $56.2 million, or $1.00 per share, for the 2011 fourth quarter. Revenues for the 2012 fourth quarter were $512.6 million compared with $550.1 million for the 2011 fourth quarter. Joe Pyne, Kirby's Chairman and Chief Executive Officer, commented, "Our fourth quarter results benefited from higher demand and favorable pricing in our coastal marine transportation markets, as well as a contribution from our two fourth quarter coastal acquisitions. We were also able to manage through the Mississippi River System's low water issues and Hurricane Sandy with only an estimated $.02 to $.03 per share negative impact.

Kirby Corporation To Announce 2012 Fourth Quarter And Year Results On January 30, 2013, With Conference Call On January 31, 2013. Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2012 fourth quarter and year results at 5:00 p.m. central time on Wednesday, January 30, 2013. A conference call to discuss the results will be held at 10:00 a.m. central time on Thursday, January 31, 2013. The telephone numbers to call to participate in the conference call are 800-446-2782 for domestic callers and 847-413-3235 for international callers. Please dial in five to ten minutes prior to the start of the call. The host is Steve Holcomb. The confirmation number is 34078345. An audio conference call playback will be available starting at 1:00 p.m.

Kirby Corp. reports continued overall inland tank barge utilization & improved rates as US petrochemical production remained strong. Joe Pyne, Kirby's Chairman and Chief Executive Officer, commented, "Our second quarter earnings of $.85 per share came in at the high end of our revised $.80 to $.85 per share guidance range. During the second quarter, we experienced overall continued strong inland tank barge utilization and improved rates as United States petrochemical production remained strong. Our coastal transportation results were hindered by higher than anticipated maintenance related costs and further deterioration in the Northeast market.

Kirby Corporation announced record net earnings attributable to Kirby for the first quarter ended March 31, 2012 of $50.9 million, or $.91 per share, compared with $32.4 million, or $.60 per share, for the 2011 first quarter. Consolidated revenues for the 2012 first quarter were $566.9 million compared with $299.4 million reported for the 2011 first quarter. Kirby's 2012 first quarter results included a $4.2 million before taxes, or $.05 per share, charge associated with increasing the fair value of the United Holdings LLC ("United") contingent earnout liability…

Kirby Corporation Announces Record 2011 Fourth Quarter and Year Results. Kirby Corporation ("Kirby") (NYSE: KEX) today announced record net earnings attributable to Kirby for the fourth quarter ended December 31, 2011 of $56.2 million, or $1.00 per share, compared with $31.6 million, or $.59 per share, for the 2010 fourth quarter. Consolidated revenues for the 2011 fourth quarter were a record $550.1 million compared with $286.3 million reported for the 2010 fourth quarter. The 2011 fourth quarter results included a $2.7 million before taxes, or $.03 per share, multi-year income tax refund, a $1.25 million before taxes, or $.01 per share…

The Seamen’s Church Institute (SCI), organized the 12th Annual River Bell Awards Luncheon in Paducah, KY on Thursday, December 8, 2011. The awards paid tribute to three individuals whose labors have significantly enriched America’s waterways. A crowd of 335 joined SCI’s River Bell Awards committee in commending the work of Joseph H. Pyne, Chairman & CEO of Kirby Corporation; Eddie Conrad; and RADM Mary E. Landry (ret), former Commander of the United States Coast Guard 8th District. SCI established the River Bell Awards in 2000 to recognize the contributions of an individual, company or organization to the inland maritime industry. This year…

Expected result compares with $.57 per share for the 2010 third quarter, fueled by continued strong inland marine transportation and land-based diesel engine services markets. Kirby to announce 2011 third quarter results on Wednesday, October 26, 2011, with conference call on Thursday, October 27, 2011. Kirby Corporation announced today that it expects its 2011 third quarter net earnings to exceed $.90 per share, above the top end of Kirby's earnings guidance of $.82 to $.87 per share, and substantially above 2010 third quarter earnings of $.57 per share. Kirby will address the 2011 fourth quarter and year guidance when it announces its third quarter results at 5:00 p.m. central time on Wednesday, October 26, followed by its conference call at 10:00 a.m.

Kirby Corporation (NYSE: KEX) announced net earnings attributable to Kirby for the second quarter ended June 30, 2011 of $41.7 million, or $.77 per share, compared with $29.3 million, or $.54 per share, for the 2010 second quarter. The 2011 second quarter results included an estimated $.07 per share negative impact from high water and flooding issues throughout the Mississippi River System. Consolidated revenues for the 2011 second quarter were $437.3 million compared with $273.7 million reported for the 2010 second quarter. Joe Pyne, Kirby's Chairman and Chief Executive Officer, commented, "Our second quarter results reflected continued…

Houston, Texas (April 27, 2011) – Kirby Corporation (“Kirby”) (NYSE:KEX) today announced net earnings attributable to Kirby for the first quarter ended March 31, 2011 of $32.4 million, or $.60 per share, compared with $24.7 million, or $.46 per share, for the 2010 first quarter. The 2010 first quarter net earnings included a charge for retirements and shore staff reductions of $4.1 million before taxes, or $.05 per share. Kirby’s published 2011 first quarter earnings guidance range was $.56 to $.61 per share.

Kirby Corporation (NYSE:KEX) announced net earnings for the second quarter ended June 30, 2009 of $33.7 million, or $.63 per share, compared with net earnings of $40.3 million, or $.74 per share, for the 2008 second quarter. Kirby's published 2009 second quarter guidance range was $.52 to $.62 per share. Consolidated revenues for the 2009 second quarter were $272.7 million compared with $348.3 million reported for the 2008 second quarter. Joe Pyne, Kirby's President and Chief Executive Officer, commented, "The decline in our marine transportation and diesel engine services demand reflects a difficult economic environment. Our 2009 first quarter actions focused on early retirements, staff reductions, cost reductions and efficiency initiatives.

Kirby Corporation (NYSE:KEX) announced net earnings for the first quarter ended March 31, 2009 of $28 million, or $.52 per share, compared with net earnings of $36.6 million, or $.68 per share, for the 2008 first quarter. The 2009 first quarter net earnings included a $4 million before taxes, or $.05 per share, charge for early retirements and staff reductions. Kirby's published 2009 first quarter earnings guidance range was $.45 to $.55 per share. Consolidated revenues for the 2009 first quarter were $277.7 million compared with revenues of $330.6 million reported for the 2008 first quarter. Joe Pyne, Kirby's President and Chief Executive Officer commented…

Kirby Corporation (NYSE:KEX) announced record net earnings for the fourth quarter ended December 31, 2008 of $38.4m, or $.72 per share, compared with net earnings of $34.4m, or $.64 per share, for the 2007 fourth quarter. The 2008 fourth quarter net earnings included a $6m before taxes, or $.07 per share, increase in Kirby's allowance for doubtful accounts. Consolidated revenues for the 2008 fourth quarter were a record $326.7m, an increase of 6% over the $307.9m reported for the 2007 fourth quarter. "While our fourth quarter results mark the 20th consecutive quarter that our net earnings exceeded the same quarter of the previous year…

Kirby Corporation (NYSE:KEX) announced that Joe Pyne, Kirby's President and Chief Executive Officer, will present at the Stephens Inc. Fall Investment Conference on Wednesday, November 19, 2008, at 10:00 a.m. eastern time. The Stephens conference is being held in New York. A live audio webcast of the presentation will be available to the public and a replay will be available after the presentation by visiting Kirby's website at http://www.kirbycorp.com/. A copy of the material prepared by Kirby for the presentation will be available at 8:00 a.m. eastern time on November 19, 2008 on Kirby's website. A replay of the presentation will be available through December 19, 2008 on Kirby's website.