Financial Highlights
| ($ millions, except per share amounts) |
First Quarter | Year | ||||
|---|---|---|---|---|---|---|
| 2019 | 2018 | Increase | 2019 | 2018 | Increase | |
| Marine Revenues | $368.1 | $340.4 | $27.7 | $368.1 | $340.4 | $27.7 |
| Distribution & Services Revenues | 376.5 | 401.3 | (24.8) | 376.5 | 401.3 | (24.8) |
| Total Revenues | 744.6 | 741.7 | 2.9 | 744.6 | 741.7 | 2.9 |
| Operating Income | 72.1 | 50.7 | 21.4 | 72.1 | 50.7 | 21.4 |
| Net Earnings Attributable to Kirby | 44.3 | 32.5 | 11.8 | 44.3 | 32.5 | 11.8 |
| EPS – diluted | 0.74 | 0.54 | 0.20 | 0.74 | 0.54 | 0.20 |
| Excluding One-time Items: | ||||||
| Operating Income 1 | 72.1 | 57.9 | 14.2 | 72.1 | 57.9 | 14.2 |
| Net Earnings Attributable to Kirby 1 | 44.3 | 37.9 | 6.4 | 44.3 | 37.9 | 6.4 |
| EPS - diluted 1 | 0.74 | 0.63 | 0.11 | 0.74 | 0.63 | 0.11 |
Note: See Reconciliation of GAAP to Non-GAAP Financial Measures Excluding One-Time Items under "Financial Reports" below.
1 FY 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 or $0.09 per share related to:
* Higman Marine acquisition fees and expenses of $3.3 million before-tax, or $0.04 per share
* Expenses related to an amendment to the employee stock plan of $3.9 million before-tax, or $0.05 per share