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Kansas City Southern Q2 profit climbs 37.3% YOY

Kansas City Southern said its second-quarter normalized net income amounted to $1.36 per share, compared with the S&P Capital IQ consensus estimate of $1.28 per share.

EPS increased 40.1% year over year from 97 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $144.3 million, an increase of 37.3% from $105.1 million in the prior-year period.

The normalized profit margin increased to 22.0% from 18.5% in the year-earlier period.

Total revenue grew 15.5% on an annual basis to $656.4 million from $568.5 million, and total operating expenses climbed 18.0% from the prior-year period to $417.1 million from $353.6 million.

Reported net income increased 12.1% on an annual basis to $134.3 million, or $1.27 per share, from $119.8 million, or $1.11 per share.