Kirby Corporation Reports Record Q3 2026 Earnings with 27% EPS Growth
Kirby Corporation (KEX) delivered strong third-quarter results, reporting a record non-GAAP EPS of $2.09, a 27% increase year-over-year. This growth was fueled by momentum across both the Marine Transportation and Distribution and Services segments. Marine Transportation revenue rose 17% to $569 million, supported by improved pricing and high barge utilization in the inland market, which reached the low 90% range. The company's Distribution and Services segment also saw growth, with power generation solutions driving a $408 million revenue total. Despite strong performance, management noted headwinds including rising fuel costs, constrained OEM engine availability affecting backlog conversion, and inflationary pressures on skilled labor and steel. Looking ahead, Kirby issued full-year earnings guidance of 10% to 15% growth, expressing optimism that results will reach the upper end of that range.
Tickers: $KEX
Topics: earnings report marine transportation operating income power generation backlog revenue growth
Read the full article at Motley Fool
Part of the story Manulife Reports Record Core Earnings and Strong Asian Growth in Q3 2026 (106 articles)