“The CN team delivered record second-quarter results, and we remain optimistic on CN's volume prospects in
the second half of the year while maintaining our vigilance on costs,” said JJ Ruest, president and chief executive
officer of CN. “Our focus on delivering profitable growth and advanced technologies to modernize our scheduled
railroading model is expected to continue driving long-term value creation for our shareholders.”
Financial results highlights
Second-quarter 2019 compared to second-quarter 2018
CN attained record second-quarter diluted EPS, as well as record quarterly revenues, operating income and adjusted diluted EPS.
Revenues increased by nine per cent to C$3,959 million.
Diluted EPS increased by six per cent to C$1.88 and adjusted diluted EPS increased by 15 per cent to
C$1.73.
Operating ratio of 57.5 per cent, an improvement of 0.7 points.
Operating income increased by 11 per cent to C$1,682 million.
https://www.cn.ca/-/media/Files/Investors/Investor-Financial-Quarterly/Investor-Financial-Quarterly-2019/Q2/Q2-2019-Quarterly-Review-en.pdf?la=en&hash=5C4B66FE7AD7D3E16D3C60C17DE6A2E5AE25D0DE
