Canadian National Railway Company Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Earnings Guidance for Full Year of 2019
For the year, the company reported revenues of CAD 14,321 million against CAD 13,041 million a year ago. Operating income was CAD 5,493 million against CAD 5,243 million a year ago. Net income was CAD 4,328 million against CAD 5,484 million a year ago. Basic earnings per share was CAD 5.89 against CAD 7.28 a year ago. Diluted earnings per share was CAD 5.87 against CAD 7.24 a year ago.
The company provided earnings guidance for full year of 2019. With its specific growth opportunities, combined with a broadly positive economic backdrop, they expect high single-digit volume growth in 2019 in terms of revenue ton miles (RTMs). The company expects to deliver EPS growth in the low double-digit range this year compared to adjusted diluted EPS of CAD 5.50 in 2018.