Kansas City Southern (NYSE: KSU) reported Q2 EPS of $1.54, $0.01 worse than the analyst estimate of $1.55. Revenue for the quarter came in at $682 million versus the consensus estimate of $692.97 million.

Second Quarter 2018 Results

• Record revenues of $682 million, an increase of 4% from prior year on 1% volume growth
• Record operating income of $246 million, 3% higher than prior year
• Operating ratio of 64.0%, compared to 63.5% in second quarter 2017
• Diluted earnings per share of $1.45, an increase of 14% from prior year; record adjusted diluted earnings per share of $1.54, 16% higher than a year ago

“Supported by the strength and diversity of our franchise, KCS achieved record quarterly financial results,” stated Kansas City Southern’s President and Chief Executive Officer Patrick J. Ottensmeyer. “We persevered through volume headwinds from utility coal and a challenging FX environment impacting Mexico international intermodal business, to deliver topline growth from five of six business units, record franchise cross-border revenue and record adjusted diluted earnings per share.

“As we move into the second half of 2018 and 2019, we expect volume growth to accelerate, benefiting from a strong economy, network capacity investments and commercial opportunities that are unique to the KCS franchise.”

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