Kirby Corporation: An Insight Into Its Supply & Demand Dynamics & Critical Growth Drivers!

Kirby Corporation’s fourth quarter earnings report for 2024 offered insights into the company’s performance across its various segments and laid out expectations for 2025. The company reported a GAAP earnings per share (EPS) of $0.74, which factored in a one-time inventory write-down related to its Distribution and Services segment. Excluding this and other one-time items, the adjusted EPS came to $1.29, reflecting a 24% increase year-over-year. A major positive takeaway was the company’s ability to generate $151 million in free cash flow, which was strategically used to reduce debt by $105 million and repurchase $33 million in shares. This strengthened their balance sheet, with a debt-to-capital ratio improvement to 20.7%.