Categories Earnings, Markets, Other Industries

Kansas City Southern reports strong first quarter 2018 results

Kansas City Southern (KSU) reported a 5% jump in revenues for the first quarter of 2018 to $639 million compared to the prior-year period, helped by a 1% increase in carload volumes.

Reported net income came in at $145 million or $1.40 per share. Adjusted EPS rose 11% to $1.30, while Reported EPS improved just 1% versus the prior-year quarter.

Kansas City Southern beat market expectations on reported EPS but missed estimates on revenue and adjusted EPS.

Kansas City Southern Q1 2018 Earnings
KSU Earnings Infographic

Operating income grew 4%, while operating expenses were up 5% versus the first quarter of 2017.

During the first quarter, the company saw revenue growth of 17% in the Automotive segment, the highest in all commodity groups. Chemicals and Petroleum unit grew 10% and Intermodal segment increased 9%. Industrial and Consumer unnit improved 4% compared to the prior-year period.

However, the Energy and Agriculture commodity group saw a revenue decrease of 11% while Minerals dropped 2%. Kansas City Southern maintains its outlook of mid-single digit volume growth for the full year 2018.

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