Categories Earnings, Markets, Other Industries

Kansas City Southern reports strong first quarter 2018 results

Kansas City Southern (KSU) reported a 5% jump in revenues for the first quarter of 2018 to $639 million compared to the prior-year period, helped by a 1% increase in carload volumes.

Reported net income came in at $145 million or $1.40 per share. Adjusted EPS rose 11% to $1.30, while Reported EPS improved just 1% versus the prior-year quarter.

Kansas City Southern beat market expectations on reported EPS but missed estimates on revenue and adjusted EPS.

Kansas City Southern Q1 2018 Earnings
KSU Earnings Infographic

Operating income grew 4%, while operating expenses were up 5% versus the first quarter of 2017.

During the first quarter, the company saw revenue growth of 17% in the Automotive segment, the highest in all commodity groups. Chemicals and Petroleum unit grew 10% and Intermodal segment increased 9%. Industrial and Consumer unnit improved 4% compared to the prior-year period.

However, the Energy and Agriculture commodity group saw a revenue decrease of 11% while Minerals dropped 2%. Kansas City Southern maintains its outlook of mid-single digit volume growth for the full year 2018.

Most Popular

Infographic: Nvidia (NVDA) Q4 revenue up 61%; earnings beat

Nvidia Corporation (NASDAQ: NVDA) Wednesday said its fourth-quarter revenues and profit increased in double-digits amid elevated demand. The results also topped the Street view, driving the stock higher during the

Nutanix (NTNX) Earnings: 2Q21 Key Numbers

Nutanix (NASDAQ: NTNX) reported second quarter 2021 earnings results today. Total revenue remained flat at $346.4 million compared to the same period a year ago. GAAP net loss was $287.3

Macy’s (M) expects digital channels to generate approx. $10 billion in sales by 2023

Shares of Macy’s Inc. (NYSE: M) were down 2.7% in morning trade on Wednesday. The stock has gained 37% since the beginning of the year. A day ago, the retailer

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top