Kansas City Southern (KSU) Tops Q4 EPS by 13c
Kansas City Southern (NYSE: KSU) reported Q4 EPS of $1.23, $0.13 better than the analyst estimate of $1.10. Revenue for the quarter came in at $598 million versus the consensus estimate of $608.32 million.
“KCS’ ability to react to a rapidly changing market and operational conditions was clearly evidenced during the fourth quarter in which not only did the Company have to contend with an unsettled economy but also with a hurricane in Mexico and floods in a key section of its U.S. rail network,” stated Chief Executive Officer David L. Starling. “Despite these challenges, KCS attained a fourth quarter 2015 operating ratio of 63.4%, a 3.3 point improvement from the prior year. System velocity and system dwell metrics also improved, returning KCS to the top tier of Class I railroads in these categories.
“Though our industry still must contend with economic uncertainty in 2016, the progress we have made during 2015 gives us confidence that KCS is positioned to maximize its near-term and longer-term business opportunities.”
For earnings history and earnings-related data on Kansas City Southern (KSU) click here.
