Kirby Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenues of $668,297,000 compared with $568,397,000 for the same period last year. Operating income was $113,807,000 compared with $108,744,000 for the same period last year. Earnings before taxes on income were $108,783,000 compared with $102,905,000 for the same period last year. Net earnings attributable to the company was $68,051,000 or $1.19 diluted per share compared with $64,267,000 or $1.13 diluted per share for the same period last year. EBITDA was $157,946,000 compared with $149,414,000 for the same period last year. Capital expenditures were $121,046,000 compared with $46,180,000 for the same period last year.

For the year, the company reported revenues of $2,566,318,000 compared with $2,242,195,000 for the same period last year. Operating income was $475,812,000 compared with $436,182,000 for the same period last year. Earnings before taxes on income were $454,390,000 compared with $408,678,000 for the same period last year. Net earnings attributable to the company was $282,006,000 or $4.93 diluted per share compared with $253,061,000 or $4.44 diluted per share for the same period last year. EBITDA was $642,561,000 compared with $597,749,000 a year ago. Capital expenditures were $355,144,000 compared with $253,227,000 for the same period last year.

The company provided earnings guidance for the first quarter and full year of 2015. For the quarter, the company expects earnings of $1.05 to $1.15 per share compared with $1.09 per share.

For the year, the company expects earnings of $4.50 to $4.70 per share compared with $4.93 per share earned in 2014. The 2015 capital spending guidance range is $300 to $310 million and includes approximately $75 million for the construction of 39 inland tank barges and three inland towboats, all expected to be delivered in 2015. The guidance range also includes approximately $85 million in progress payments on the construction of two 185,000 barrel coastal ATBs and two 155,000 barrel ATBs. The balance of $140 to $150 million is primarily for capital upgrades and improvements to existing inland and coastal marine equipment and facilities, as well as diesel engine services facilities.