KEX - Kirby GAAP EPS of $0.95 beats by $0.11 revenue of $777.2M misses by $2.99M
2023-07-27 07:14:26 ET
- Kirby press release ( NYSE: KEX ): Q2 GAAP EPS of $0.95 beats by $0.11 .
- Revenue of $777.2M (+11.4% Y/Y) misses by $2.99M .
- Kirby expects to generate net cash provided from operating activities of $500 million to $580 million in 2023. 2023 capital spending is expected to range between $300 to $380 million. Approximately $240 million is associated with marine maintenance capital and improvements to existing inland and coastal marine equipment, including ballast water treatment systems on some coastal vessels, and facility improvements. Up to approximately $140 million is associated with growth capital spending in both our businesses.
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Kirby GAAP EPS of $0.95 beats by $0.11, revenue of $777.2M misses by $2.99M