Categories: Business
| On 4 weeks ago

First Quarter Results for Kansas City Southern

By Marty Smith
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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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Marty Smith

Marty Smith is the acting Editor in Chief as well as the founder of STL.News, DirectSourceNews.org, and St. Louis Restaurant Review. Additionally, Smith is the IT Manager responsible for STL.News and affiliate sites. Smith has created multiple aggregator sites to manage the large amount of content used to select which content to published on STL.News. As Editor in Chief, Smith is responsible for the content posted on the network with the help of the publishing team, which is located around the globe.