First Quarter Results for Kansas City Southern

Posted on April 16, 2021Comments Off on First Quarter Results for Kansas City Southern
First Quarter Results for Kansas City Southern

KANSAS CITY, MO (STL.News) Kansas City Southern (KCS) (NYSE: KSU) reported revenues of $706.0 million, a decrease of 4% from the first quarter of 2020.  Overall, carload volumes were down 1% compared to the prior year.

Kansas City Southern First Quarter 2021

First-quarter revenues were $706.0 million, a decrease of 4% primarily resulting from lower volumes, lower fuel surcharge, and foreign currency fluctuations.

First-quarter operating expenses were $453.0 million. Operating income was $253.0 million, and the reported operating ratio was 64.2%.  First-quarter net income was $153.4 million, or $1.68 per diluted share. Adjusted first-quarter operating income, net income, and diluted earnings per share were as follows:

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