Kansas City Southern (KSU) Tops Q3 EPS by 6c, Revenues Miss; Expects Adj. EPS to be 'Slightly Higher on YoY Basis'

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Kansas City Southern Reports Third Quarter Results

October 16, 2020 8:00 AM EDT

KANSAS CITY, Mo.--(BUSINESS WIRE)-- Kansas City Southern (KCS) (NYSE: KSU) reported revenues of $659.6 million, a decrease of 12% from third quarter 2019. Overall, carload volumes were down 4% compared to prior year.

Third Quarter 2020

Third quarter revenues were $659.6 million, a decrease of 12% primarily resulting from lower volumes driven by a decline in demand due to COVID-19 and lower commodity prices, lower fuel surcharge, and unfavorable foreign currency impacts.

Third quarter operating expenses were $388.1 million. Operating income was $271.5 million and the reported operating ratio was 58.8%. Third quarter net... More