Kansas City Southern (KSU) Misses Q4 EPS by 7c, Offers Outlook

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Kansas City Southern Reports Fourth Quarter and Full-Year 2020 Results

January 22, 2021 8:00 AM EST

KANSAS CITY, Mo.--(BUSINESS WIRE)-- Kansas City Southern (KCS) (NYSE: KSU) reported strong fourth quarter and full year 2020 results, despite significant operating and economic challenges.

Fourth Quarter 2020

Fourth quarter revenues were $693.4 million, a decrease of 5% primarily due to lower volumes related to a service interruption at Lazaro Cardenas due to teachers' protests, lower fuel surcharge and fluctuations in foreign currency.

Fourth quarter operating expenses were $431.1 million. Operating income was $262.3 million and the reported operating ratio was 62.2%. Fourth quarter net income was $166.3 million, or $1.80 per diluted... More