Financial Highlights
All financial information is current as of the date prepared, and should be considered in conjunction with any subsequent disclosures or filings by the Company, including but not limited to annual, quarterly, or current reports filed with the Securities and Exchange Commission.
Prepared on: October 24, 2022
| ($ millions, except per share amounts) |
Third Quarter | Year-to-Date | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | Change | 2022 | 2021 | Change | |
| Marine Transportation Revenues | $433.0 | $338.5 | $94.5 | $1,194.2 | $972.4 | $221.8 |
| Distribution & Services Revenues | 312.8 | 260.4 | 52.4 | 860.4 | 683.0 | 177.4 |
| Total Revenues | 745.8 | 598.9 | 146.9 | 2,054.6 | 1,655.4 | 399.2 |
| Operating Income (Loss) | 58.9 | 24.0 | 34.9 | 135.1 | (289.7) | 424.8 |
| Net Earnings (Loss) Attributable to Kirby | 39.1 | 10.2 | 28.9 | 85.0 | (257.9) | 342.9 |
| Earnings (Loss) per Share - Diluted | 0.65 | 0.17 | 0.48 | 1.41 | (4.30) | 5.71 |
| Excluding One-time Items: | ||||||
| Operating Income 1,2 | 58.9 | 23.8 | 35.1 | 136.6 | 51.0 | 85.6 |
| Net Earnings Attributable to Kirby 1,2 | 39.1 | 10.3 | 28.8 | 86.3 | 17.1 | 69.2 |
| Net Earnings per Share - Diluted 1,2 | 0.65 | 0.17 | 0.48 | 1.43 | 0.28 | 1.15 |
Note: See Reconciliation of GAAP to Non-GAAP Financial Measures Excluding One-Time Items under "Financial Reports" below.
1 Year-to-Date 2022 operating income, net earnings attributable to Kirby, and earnings per share exclude second quarter severance expenses totaling $1.5 million before-tax, $1.3 million after-tax, or $0.02 per share.
2 Third Quarter and Year-to-Date 2021 operating income, net earnings attributable to Kirby, and earnings per share exclude third quarter impairments of fixed assets and goodwill related to coastal marine transportation totaling $340.7 million before-tax, $275.0 million after-tax, or $4.58 per share.