Kansas City Southern (KSU) Reports In-Line Q2 EPS, Revenues Beat

Kansas City Southern (NYSE: KSU) reported Q2 EPS of $1.15, in-line with the analyst estimate of $1.15. Revenue for the quarter came in at $547.9 million versus the consensus estimate of $564.22 million.

“Kansas City Southern demonstrated excellent execution during an extremely challenging quarter,” stated President and Chief Executive Officer, Patrick J. Ottensmeyer. “Our network experienced a rapid decline in volumes followed by an unprecedented rebound, forcing us to quickly adjust our service model to match customer demand while optimizing our cost structure.

“I would like to thank the men and women of Kansas City Southern who work tirelessly under challenging circumstances to deliver essential freight transportation and keep the U.S. and Mexican economies running. Their efforts have allowed KCS to continue providing consistent and reliable service to our customers.

“Precision Scheduled Railroading is producing sustainable improvements to customer service and operations, and has been a key contributor to the Company’s strong cost performance this quarter. Although visibility into second half volumes and revenue remains limited, the Company is focused on retaining the efficiencies gained during the second quarter, and reiterates its outlook to deliver at least $500 million free cash flow in 2020. We are confident in our operational execution, and believe KCS will emerge from these challenging times even better positioned to deliver superior growth and shareholder returns.”

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

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