filecrux
Oct 28, 11:13 AM
$KEX Does Kirby's 27% EPS jump hold up when Q3 free cash flow fell to
$74.0M from
$160.3M?
🏢 Kirby, the largest US domestic tank barge operator and a power-generation equipment supplier, earned
$2.09 a diluted share in Q3 2026, up 27% from
$1.65, on revenue of
$977.2M, up 12%
📉 Q3 free cash flow fell to
$74.0M from
$160.3M because operating cash flow dropped to
$143.5M from
$227.5M; Kirby says working capital stayed elevated on higher revenues in both segments, the timing of collections and higher fuel receivables
🚀 On the other side, Kirby narrowed full-year EPS growth guidance to 10% to 15% and expects the upper end, while marine operating margin rose to 20% from 18%
📅 Hitting the
$575M to
$675M full-year operating cash flow guide after
$313.4M in nine months needs about
$262M to
$362M in Q4, well above Q3's
$143.5M
📅 Next: The inland marine asset purchase is expected to close in the fourth quarter of 2026
Source: GlobeNewswire release, Oct 28
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