Lower revenue contributed to flattish year-over-year first-quarter net profit for Kansas City Southern (NYSE: KSU).
First-quarter net income was $153.4 million, or $1.68 per diluted share, up 0.7% from $152.3 million, or $1.58 per diluted share, in the first quarter of 2020.
On an adjusted basis, net income for the first quarter of 2021 was $174.2 million, or $1.91 per diluted share, and operating income was $272.3 million. The adjusted figures account for $19.3 million in merger costs,...
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