Canadian National Railway Co (CNI) Reports In-Line Q4 EPS
Canadian National Railway Co (NYSE: CNI) reported Q4 EPS of CND$1.41, in-line with the analyst estimate of CND$1.41. Revenue for the quarter came in at CND$2.53 billion versus the consensus estimate of CND$2.55 billion.
Positive 2013 outlook, increased dividend (2) Mongeau said: "For 2013, CN anticipates continued gradual improvement in the economy and further growth opportunities in intermodal, energy and other resource markets. Despite the challenge of an approximate C$150-million headwind related to increased pension expense and the impact of depreciation studies, CN is aiming for high single-digit growth in 2013 diluted earnings per share over adjusted diluted earnings per share of C$5.61 for 2012. CN also expects to generate 2013 free cash flow in the range of C$800 million to C$900 million, including a normalized, higher level of cash taxes. (1)
"Given CN's strong balance sheet and its solid outlook for earnings and free cash flow generation, I am pleased to announce that the Company's Board of Directors has approved a 15 per cent increase in CN's 2013 quarterly common-share dividend."
For earnings history and earnings-related data on Canadian National Railway Co (CNI) click here.
Positive 2013 outlook, increased dividend (2) Mongeau said: "For 2013, CN anticipates continued gradual improvement in the economy and further growth opportunities in intermodal, energy and other resource markets. Despite the challenge of an approximate C$150-million headwind related to increased pension expense and the impact of depreciation studies, CN is aiming for high single-digit growth in 2013 diluted earnings per share over adjusted diluted earnings per share of C$5.61 for 2012. CN also expects to generate 2013 free cash flow in the range of C$800 million to C$900 million, including a normalized, higher level of cash taxes. (1)
"Given CN's strong balance sheet and its solid outlook for earnings and free cash flow generation, I am pleased to announce that the Company's Board of Directors has approved a 15 per cent increase in CN's 2013 quarterly common-share dividend."
For earnings history and earnings-related data on Canadian National Railway Co (CNI) click here.