Report
Matthew Young, CFA
EUR 101.80 For Business Accounts Only

Abundant coastal barge capacity a headwind for Kirby, but inland petrochemical shipments healthy.

Narrow-moat Kirby’s fourth-quarter revenue expanded to $708 million, from $436 million a year ago, primarily due to the third-quarter 2017 S&S acquisition (equipment and distribution services). Total revenue came in modestly ahead of our forecast due to solidly recovering market conditions for the legacy land-based diesel engine services business (including improved equipment remanufacturing activity). That said, coastal tank-barging revenue was once again weaker than we anticipated. The coa...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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Analysts
Matthew Young, CFA

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