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: