Market Overview

Kansas City Southern Says FY2014 Guidance To Improve

Share:
Related KSU
Earnings Scheduled For July 21, 2017
Credit Suisse Upgrades Kansas City Southern, Sees Material Earnings Upside
  • Now Expects FY2014 Adjusted Diluted EPS Growth In The High-Teens

Kansas City Southern (KCS) (NYSE: KSU) today updated its guidance for full-year 2014 earnings. The Company now expects its full-year adjusted operating ratio to improve by approximately 150 basis points from the 68.8% reported in 2013, primarily due to strength in the grain and automotive commodity groups. The Company also expects its adjusted effective tax rate to be between 33% and 34%, about a 1% reduction from the rate assumed in the previous full-year 2014 guidance. As a result of these revisions, the Company now expects full-year 2014 adjusted diluted earnings per share growth in the high-teens. The Company is maintaining its previous guidance of mid-single digit volume growth and high-single digit revenue growth.

Adjusted diluted earnings per share excludes the after-tax impacts of lease termination costs, debt retirement costs, and foreign exchange rate fluctuations; the adjusted operating ratio excludes lease termination costs; and the adjusted effective tax rate excludes the impacts of foreign exchange rate fluctuations.

Headquartered in Kansas City, Mo., Kansas City Southern is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. Kansas City Southern's North American rail holdings and strategic alliances are primary components of a NAFTA Railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada.

This presentation contains “forward-looking statements” within the meaning

Posted-In: News

 

Related Articles (KSU)

View Comments and Join the Discussion!