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Kirby Corporation

Company NameKirby Corporation
Stock SymbolKEX

On July 10, 2020, Kirby disclosed that, for the first quarter ended March 31, 2020, its goodwill impairment charge "was understated by $127,933,000 before taxes, $98,773,000 after taxes, or a $1.65 loss per share, due to not applying a specific provision of a new accounting standard that the Company had recently adopted on January 1, 2020." 

 

On this news, the Company's share price fell sharply during intraday trading on July 13, 2020.

 

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