January 29, 2021
By Waterways Journal
Kirby Corporation last week announced net earnings for the 2020 fourth quarter of $22.2 million, or $0.37 per share, compared with $2.8 million, or $0.05 per share, for the 2019 fourth quarter. Excluding one-time charges in the 2019 fourth quarter, net earnings attributable to Kirby were $34.5 million or $0.58 per share.
Consolidated revenues for the 2020 fourth quarter were $489.8 million, compared with $655.9 million reported for the 2019 fourth quarter.
For the 2020 full year, Kirby reported a net loss of $272.5 million, or $4.55 per share, compared with net earnings of $142.3 million, or $2.37 per share, for 2019. Excluding one-time items in both years, 2020 net earnings were $110.0 million or $1.84 per share, compared with $174.0 million or $2.90 per share for 2019.