— Kansas City Southern (NYSE: KSU) reported third-quarter 2019 adjusted earnings of $1.94 per share versus $1.79 per share expected.
— Revenue rose by 7% to $747.7 million versus $734.9 million expected. Chemicals and Petroleum segment revenue grew by 21% due to growth in refined fuel products and liquid petroleum gas shipments to Mexico.
Check out the infographic on Kansas City Southern below.
— Revenue from Agriculture & Minerals segment increased by 15%, that from the Industrial & Consumer Products segment rose by 2%, and Intermodal revenue moved up by 1%. However, revenue from Energy and Automotive fell by 11% and 2%, respectively.
— For the full year 2019, the company expects volume growth to be in the range of flat to slightly down and revenue growth in the range of 5% to 7%.
— Capital expenditures are anticipated to be below $600 million in 2019 and about 18% of revenue through 2021.
— Adjusted earnings per share are predicted to be in the low-to-mid-teens compound annual growth rate (CAGR) for 2019 to 2021.
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