Kansas City Southern Q1 Profit Increase - Quick Facts

(RTTNews) - Kansas City Southern (KSU) reported that its net income for the first quarter of 2015 rose to $101 million or $0.91 per share, from $94 million, or $0.85 per share, in the first quarter of 2014.

Excluding lease termination costs, debt retirement costs and the impacts of foreign exchange rate fluctuations, adjusted earnings per share for first quarter 2015 was $1.03 compared to $1.05 in 2014.

Revenues for the quarter declined to $603.1 million from $607.4 million in the prior year. Overall, carload volumes were 1% higher than in first quarter 2014.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.08 per share and revenues of $608.79 million for the quarter. Analysts' estimates typically exclude special items.

Compared to 2014, first quarter revenue included a 9% increase in Chemicals & Petroleum and an 8% increase in Intermodal. Automotive was also strong, with revenues growing by 4% in the first quarter of 2015 despite headwinds from the weaker peso.