Kansas City Southern (KSU) Reports In-Line Q2 EPS, Revenues Beat
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Kansas City Southern Reports Second Quarter Results
July 17, 2020 8:00 AM EDTKANSAS CITY, Mo.--(BUSINESS WIRE)-- Kansas City Southern (KCS) (NYSE: KSU) reported revenues of $547.9 million, a decrease of 23% from second quarter 2019. Overall, carload volumes were down 21% compared to prior year.
Second Quarter 2020
Second quarter revenues were $547.9 million, a decrease of 23% primarily as a result of an overall decline in demand due to COVID-19.
Second quarter operating expenses were $367.5 million, including $10.5 million of restructuring charges primarily related to the voluntary separation program implemented in the quarter. Operating income was $180.4 million and the reported operating ratio was... More
