Financial Highlights
| ($ millions, except per share amounts) |
Third Quarter | Year-to-Date | ||||
|---|---|---|---|---|---|---|
| 2019 | 2018 | Increase / (Decrease) |
2019 | 2018 | Increase / (Decrease) |
|
| Marine Revenues | $412.7 | $382.0 | $30.7 | $1,185.1 | $1,100.6 | $84.5 |
| Distribution & Services Revenues | 254.1 | 322.8 | (68.7) | 997.4 | 1,148.6 | (151.2) |
| Total Revenues | 666.8 | 704.8 | (38.0) | 2,182.5 | 2,249.2 | (66.7) |
| Operating Income | 77.9 | 68.0 | 9.9 | 225.8 | 174.5 | 51.3 |
| Net Earnings Attributable to Kirby | 48.0 | 41.8 | 6.2 | 139.6 | 102.9 | 36.7 |
| EPS – diluted | 0.80 | 0.70 | 0.10 | 2.32 | 1.72 | 0.60 |
| Excluding One-time Items: | ||||||
| Operating Income 1 | 77.9 | 68.0 | 9.9 | 225.8 | 199.8 | 26.0 |
| Net Earnings Attributable to Kirby 1 | 48.0 | 41.8 | 6.2 | 139.6 | 126.5 | 13.1 |
| EPS - diluted 1 | 0.80 | 0.70 | 0.10 | 2.32 | 2.11 | 0.21 |
Note: See Reconciliation of GAAP to Non-GAAP Financial Measures Excluding One-Time Items under "Financial Reports" below.
1 2018 YTD 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