Kansas City Southern net profit slips in fourth quarter

(Source: Freight Waves, January 17, 2020)

CHATTANOOGA, Tenn. — Net profit for Kansas City Southern slipped in the fourth quarter of 2019 compared to the prior year, but revenues were 5% higher amid increases for chemicals and petroleum and industrial and consumer products. Fourth-quarter net income was $127.2 million, or $1.30 diluted earnings per share, compared with $161.1 million, or $1.59 diluted earnings per share, in the fourth quarter of 2018, the company said Friday.

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Monday, January 20, 2020