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Kansas City Southern Q3 profit climbs 33.8% YOY

Kansas City Southern said its third-quarter normalized net income amounted to $1.26 per share, compared with the S&P Capital IQ consensus estimate of $1.31 per share.

EPS increased 37.8% year over year from 91 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $131.8 million, a gain of 33.8% from $98.5 million in the year-earlier period.

The normalized profit margin climbed to 20.1% from 16.3% in the year-earlier period.

Total revenue rose 8.6% year over year to $656.6 million from $604.5 million, and total operating expenses climbed on an annual basis to $422.8 million from $404.7 million.

Reported net income increased 6.6% from the prior-year period to $128.8 million, or $1.23 per share, from $120.7 million, or $1.12 per share.