Categories Earnings, Other Industries, U.S. Markets News
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.
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
BIIB Earnings: Biogen Q1 2024 adj. earnings rise despite lower revenues
Biotechnology firm Biogen Inc. (NASDAQ: BIIB) Wednesday reported an increase in adjusted profit for the first quarter of 2024, despite a decline in revenues. Total revenue declined 7% year-over-year to
Hasbro (HAS) Q1 2024 Earnings: Key financials and quarterly highlights
Hasbro, Inc. (NASDAQ: HAS) reported first quarter 2024 earnings results today. Revenues decreased 24% year-over-year to $757.3 million. Net earnings attributable to Hasbro, Inc. were $58.2 million, or $0.42 per
BA Earnings: Highlights of Boeing’s Q1 2024 financial results
The Boeing Company (NYSE: BA) on Wednesday announced financial results for the first quarter of 2024, reporting a narrower net loss, on an adjusted basis. Revenues dropped 8%. Core loss,