EXHIBIT 11.0
KIRBY CORPORATION AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
Three months ended Nine months ended
September 30, September 30,
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1994 1993 1994 1993
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($ in thousands, except per share
amounts)
Net earnings $ 3,606 5,046 9,696 15,391
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Shares:
Weighted average number of common
shares outstanding 28,439 28,332 28,419 25,442
Common equivalent shares for dilutive
effect of assumed exercise of stock
options 290 281 322 244
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28,729 28,613 28,741 25,686
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Earnings per share of common stock $ .13 .18 .34 .60
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28,729 28,613 28,741 25,686