What the changes say
- The risk section dropped discussion of hurricane flooding, acquisition strategy, customer concentration, and cybersecurity threats.
What changed since the prior 10-K
Dropped
- Dropped
facilities. The risk of flooding as a result of hurricanes and tropical storms as well as other weather events may impede travel via roadways, suspend service work, and impact deliveries and the Company’s ability to fulfill orders or provide services in KDS
- Dropped
and 9% of 2022 revenue. Although the Company considers its relationships with these companies to be strong, the loss of any of these customers, or their inability to meet financial obligations, could have an adverse effect on the Company
Reworded
- 92% rewritten
General Corporate Risk Factors
The risk text regarding weather volatility and climate change impacts in KMT and KDS was retained without substantive changes.
Risk factor headings as read
Headings as the filing states them, in filing order.
Other
- 01Marine Transportation Segment Risk Factors
- 02Distribution and Services Segment Risk Factors
- 03General Corporate Risk Factors92% rewritten
Other Kirby 10-Ks
- FY2024 10-K risk factorsRisk factors section under review
Aging inland waterway infrastructure threatens KMT operations and costs. Oil and gas extraction regulations could negatively impact KDS. Weather conditions and climate change impacts disrupt facilities and transportation. Reliance on acquisitions and key customers poses growth and revenue risks.
Filed Feb 18, 2025
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.