Canadian National Railway (CNI) Reports Q4 EPS of C$1.71

Canadian National Railway (NYSE: CNI) reported Q4 EPS of Cdn$1.71, versus Cdn$1.51 reported last year. Revenue for the quarter came in at Cdn$3.75 billion, versus Cdn$3.66 billion reported last year.

2022 outlook: and shareholder distributions (2)CN expects to deliver approximately 20 per cent adjusted diluted EPS growth, versus 2021 adjusted diluted EPS of C$5.94. (1) CN assumes total revenue ton miles (RTMs) in 2022 will increase in the low single-digit range versus 2021.

In 2022, CN plans to invest approximately 17 per cent of revenues in its capital program.

CN continues to target an operating ratio of approximately 57 per cent for 2022 as well as approximately 15 per cent of ROIC. (1)

CN is also targeting free cash flow of approximately C$4.0 billion in 2022 compared to C$3.3 billion in 2021. (1)

The Company’s Board of Directors approved a 19 per cent increase to CN’s 2022 quarterly cash dividend, effective for the first quarter of 2022. This is the 26th consecutive year of dividend increases, demonstrating our confidence in the long-term financial health of the Company. In addition, the Company’s Board of Directors also approved a new Normal course issuer bid (NCIB) that permits CN to purchase, for cancellation, over a 12-month period up to 42 million common shares, starting on February 1, 2022, and ending no later than January 31, 2023.

For earnings history and earnings-related data on Canadian National Railway (CNI) click here.

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