Kansas City Southern reports Q1 adj. EPS $1.54, consensus $1.44
Reports Q1 revenue $674.8M, consensus $672.61M. "We are pleased to announce a strong start to the year with solid revenue growth and improved operational performance," stated Kansas City Southern's President and CEO Patrick Ottensmeyer. "Although we are still in the early stages of implementation, KCS' transition to a precision-scheduled network is already producing improved velocity and dwell, which is driving improved customer service, labor and asset utilization as well as other efficiencies. Our PSR initiatives support volume and revenue growth, capital efficiency and an improved cost profile. They equally support improved customer service, capacity and network resiliency. We have confidence that this transition will continue to benefit all KCS stakeholders, including customers and shareholders."