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KC Southern lower despite Q4 records in revenues, carload volumes

Published 01/19/2018, 09:12 AM
© Reuters.  KC Southern lower despite Q4 records in revenues, carload volumes
KSU
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  • Kansas City Southern (NYSE:KSU) -0.9% despite posting slightly better than expected Q4 earnings and revenues, driven by revenue growth in all six of the commodities it hauls and changes in U.S. tax law.
  • KSU says Q4 revenue of $660M was a quarterly record, up 10 Y/Y, with overall carload volumes 5% higher than a year ago; operating income was a Q4 record at $238M, up 13% Y/Y, and the operating ratio of 64% was an 80 bps improvement over the prior-year quarter.
  • KSU says it is "positioned to maintain its growth momentum” in 2018 on a strengthening economy and a focus on cost control.
  • Now read: Kansas City Southern 2017 Q4 - Results - Earnings Call Slides


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