Kansas City Southern (KSU) Sees FY14 EPS Growth in High Teens

Kansas City Southern (NYSE: KSU) today updated its guidance for full-year 2014 earnings. The Company now expects its full-year adjusted operating ratio to improve by approximately 150 basis points from the 68.8% reported in 2013, primarily due to strength in the grain and automotive commodity groups. The Company also expects its adjusted effective tax rate to be between 33% and 34%, about a 1% reduction from the rate assumed in the previous full-year 2014 guidance. As a result of these revisions, the Company now expects full-year 2014 adjusted diluted earnings per share growth in the high-teens. The Company is maintaining its previous guidance of mid-single digit volume growth and high-single digit revenue growth.

Adjusted diluted earnings per share excludes the after-tax impacts of lease termination costs, debt retirement costs, and foreign exchange rate fluctuations; the adjusted operating ratio excludes lease termination costs; and the adjusted effective tax rate excludes the impacts of foreign exchange rate fluctuations.

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