Kansas City Southern (KSU) Misses Q4 EPS by 3c
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Kansas City Southern Reports Strong Fourth Quarter and Full-Year 2019 Results
January 17, 2020 8:00 AM ESTKANSAS CITY, Mo.--(BUSINESS WIRE)-- Kansas City Southern (KCS) (NYSE: KSU) reported strong fourth quarter and full year 2019 results, driven by implementation of Precision Scheduled Railroading (PSR) principles.
Fourth Quarter 2019
Fourth quarter revenues were $729.5 million, an increase of 5% primarily led by a 13% increase in Chemicals and Petroleum and an 11% increase in Industrial & Consumer Products as compared to fourth quarter 2018. Carloads were down 1%, as declines in Automotive and Intermodal offset carload growth in all other business units.
Fourth quarter operating expenses were $493.5 million, including $38.3 million of... More
