Kirby Corporation Expects To Generate Net Cash Provided From Operating Activities Of $600M-$700M In 2024; Capital Spending Is Expected To Range Between $290M-$330M
Portfolio Pulse from Benzinga Newsdesk
Kirby Corporation forecasts net cash from operating activities to be $600M-$700M in 2024, with capital expenditures between $290M-$330M. This includes $190M-$240M for marine maintenance and improvements, and $90M for growth capital in its businesses.
April 25, 2024 | 11:09 am
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Kirby Corporation expects significant operating cash flow and targeted capital expenditures in 2024, indicating strong financial health and strategic investments.
Kirby Corporation's forecasted operating cash flow and capital expenditure plans for 2024 suggest a positive financial outlook and strategic investments in growth and maintenance. This could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100