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Kansas City Southern profit beats consensus by 20.1% in Q1

Kansas City Southern said its first-quarter normalized net income came to $1.40 per share, compared with the S&P Capital IQ consensus estimate of $1.16 per share.

EPS increased 47.0% year over year from 95 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $148.4 million, a gain of 44.4% from $102.8 million in the prior-year period.

The normalized profit margin rose to 24.3% from 18.3% in the year-earlier period.

Total revenue rose 8.3% year over year to $609.5 million from $562.7 million, and total operating expenses grew 6.4% on an annual basis to $398.8 million from $374.8 million.

Reported net income increased 36.9% year over year to $146.7 million, or $1.38 per share, from $107.2 million, or 99 cents per share.