Kirby Corp. Announces Record Results
Kirby Corporation reported that for the fourth quarter ended December 31, 2000, net earnings were a record $9,088,000, compared with $3,974,000 for the 1999 fourth quarter. For the 2000 year, net earnings were $34,113,000, up from $21,441,000 in 1999. Joe Pyne, Kirby's President and Chief Executive Officer, said, "The 2000 fourth quarter net earnings of $.38 per share and 2000 year net earnings of $1.39 per share are record results for Kirby. Our EBITDA results of $33,615,000, or $1.39 per share, for the 2000 fourth quarter and $130,132,000, or $5.30 per share, for the 2000 year are also a record. Revenues for the 2000 fourth quarter and year were at record levels as well. This performance reflects the continuing benefits of the successful integration of Kirby and Hollywood Marine.
Feature: CEO Roundtable: Industry Leaders Speak to Strengths, Weaknesses and Challenges
MarineNews presents an old-fashioned roundtable discussion — collected via high-tech means — presenting the thoughts and concerns on the minds of six top executives from leading marine companies. MarineNews thanks Tom Allegretti, President and CEO, American Waterways Operators; Merritt Lane, President & CEO, Canal Barge Co.; Craig Philip, President & CEO, Ingram Marine Group; Joe Pyne, President & CEO, Kirby Corporation; Mark Knoy, President, Memco Barge Line; and Barry Palmer, President & CEO, Waterways Work! for sharing their views and expertise with our readers. MN: What is the most pressing challenge you feel is facing the barge/towing industry today?
