Current Stock price:

Financial Highlights

Financial Highlights


($ millions, except 
per share amounts)
Fourth Quarter Year-to-Date
2019 2018 Increase /
(Decrease)
2019 2018 Increase /
(Decrease)
Marine Revenues $402.0 $382.5 $19.5 $1,587.1 $1,483.1 $104.0
Distribution & Services Revenues 253.9 339.0 (85.1) 1,251.3 1,487.6 (236.3)
Total Revenues 655.9 721.5 (65.6) 2,838.4 2,970.7 (132.3)
Operating Income (Loss) 16.2 (19.2) 35.4 242.0 155.3 86.7
Earnings (Loss) Before Taxes on Income 4.3 (30.3) 34.6 189.8 114.2 75.6
Net Earnings (Loss) Attributable to Kirby 2.8 (24.4) 27.2 142.3 78.5 63.8
Net Earnings (Loss) per Share - Diluted 0.05 (0.41) 0.46 2.37 1.31 1.06
             
Excluding One-time Items:
Operating Income 1,2 56.5 68.6 (12.1) 282.3 268.4 13.9
Earnings Before Taxes on Income 1,2 44.6 57.5 (12.9) 230.1 227.3 2.8
Net Earnings Attributable to Kirby 1,2 34.5 44.9 (10.4) 174.0 171.4 2.6
Net Earnings per Share - Diluted 1,2 0.58 0.75 (0.17) 2.90 2.86 0.04

Note: See Reconciliation of GAAP to Non-GAAP Financial Measures Excluding One-Time Items under "Financial Reports" below.

1 2019 operating income, net earnings attributable to Kirby, and earnings per share exclude the following one-time charges:
- 4Q 2019 charges of $40.3 million before-tax, $31.7 million after-tax, or $0.53 per share related to:
* Inventory write-downs of $35.5 million before-tax, $28.0 million after-tax, or $0.47 per share
* Severance and early retirement expense of $4.8 million before-tax, $3.7 million after tax, or $0.06 per share

2 2018 operating income, net earnings attributable to Kirby, and earnings per share exclude the following one-time charges:
- 1Q 2018 charges of $7.2 million before-tax, $5.5 million after-tax, or $0.09 per share related to:
* Higman Marine acquisition fees and expenses of $3.3 million before-tax, $2.5 million after-tax, or $0.04 per share
* Expenses related to an amendment to the employee stock plan of $3.9 million before-tax, $3.0 million after tax, or $0.05 per share
- 2Q 2018 non-tax deductible charges of $18.1 million, or $0.30 per share related to the retirement of Kirby's Executive Chairman
- 4Q 2018 non-cash charges of $87.8 million before-tax, $69.3 million after-tax, or $1.16 per share related to:
* Impairment and lease cancellation charges related to coastal vessels of $85.1 million before-tax, $67.2 million after-tax, or $1.12 per share
* Goodwill impairment charges of $2.7 million before-tax, $2.1 million after-tax, or $0.04 per share