Kansas City Southern (KSU) Tops Q4 EPS by 2c

Kansas City Southern (NYSE: KSU) reported Q4 EPS of $1.56, $0.02 better than the analyst estimate of $1.54. Revenue for the quarter came in at $694 million versus the consensus estimate of $687.75 million.

“While we delivered record revenues, adjusted operating income and adjusted earnings per share, 2018 did not meet our own expectations for financial or operational performance,” stated President and Chief Executive Officer Patrick J. Ottensmeyer. “In addition, we did not meet the expectations of our customers or shareowners, particularly in the areas of customer service and growth.

“KCS has entered 2019 with a renewed and heightened focus on operational excellence. Throughout the year, we will implement principles of the Precision Scheduled Railroading (PSR) methodology that are most applicable to our network. We expect this focus on operational excellence and PSR principles to help drive improvement in asset utilization, cost and capital efficiency and customer satisfaction.

“As we look forward, our confidence in topline growth and operational improvement is strong, supporting our outlook for an operating ratio of 60% to 61% by the year 2021.”

For earnings history and earnings-related data on Kansas City Southern (KSU) click here.

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