Kansas City Southern’s (NYSE: KSU) net profit for the fourth quarter of 2020 rose 30% over a year ago despite a 5% decline in revenue.
Fourth-quarter 2020 net income was $165.7 million, or $1.80 per diluted share, compared with $127.2 million, or $1.30 per diluted share, for the fourth quarter of 2019.
Revenue totaled $693.4 million, compared with $729.5 million year-over-year. Revenue gains for Kansas City Southern’s (KCS) chemical and petroleum segment and its agricultural and minerals segment...
https://www.freightwaves.com/news/kansas-city-southerns-q4-net-income-rises-30