May. 1 at 11:21 AM
$KEX Kirby CEO sees 'solid start' in 2025
Commenting on the outlook for the remainder of 2025, David Grzebinski, Kirby's Chief Executive Officer, commented, "We're off to a solid start in 2025. While recent macro events have created some near-term uncertainty in places, we continue to see favorable fundamentals as 2025 progresses. Our balance sheet is strong, and we expect to generate significant free cash flow despite high levels of capital expenditures this year and, absent meaningful acquisitions, we expect to use the majority of free cash flow for share repurchases. We see favorable markets continuing and expect our businesses will produce improving financial results as we move through this year."
