Kansas City Southern Reports Third Quarter 2020 Financial Results

Posted on October 16, 2020Comments Off on Kansas City Southern Reports Third Quarter 2020 Financial Results

KANSAS CITY, MO (STL.News) 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.

Kansas Cityy Southern 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 income was $190.2 million, or $2.01 per diluted share.  Adjusted third quarter operating income, net income and diluted earnings per share were as follows:

NOTE: this is NOT the complete release.

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