| Canadian National Railway
Earnings Call |
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Canadian National Railway Company Earnings Call, Fourth Quarter 2007
17th June 2008 00:00 AM |
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| Net profit was C$833 million compared to C$499 million last year. |
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| Revenues declined 3% to C$1,941 million, due to the translation impact of a stronger Canadian dollar on U.S. dollar-denominated revenues and weakness in the forest products market. The operating ratio was 62.1% compared to 62.2% for Q4 2006, a 0.1-point decrease. The company closed two transactions, the EWS sales to the German Railroad and the sale and lease back of complex in Montreal Central Station. CN expects the Canadian-U.S. dollar 2008 exchange rate to be in the range of C$0.95-C$1. |
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Canadian National Railway Company Fourth Quarter Earnings Call
30th January 2008 00:00 AM |
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| Net income rose 66.9% to C$833 million due to an income-tax benefit and other special items. |
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| Revenue fell 3% to C$1.94 billion from C$2 billion a year ago. Results included a benefit of C$0.57 per share from a deferred income-tax recovery, as well as C$0.21 per share from asset sales. Excluding such special items, Canadian National Railway''s profit was flat at C$0.90 per share. The company faced strong headwind from a weak U.S. housing market, a stronger Canadian dollar, a strike and weather-related issues in Western Canada. |
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Canadian National Railway Third Quarter Earnings Call
25th October 2007 00:00 AM |
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| Profit fell to C$485 million on weak forest-product revenue, the strong Canadian dollar and lower fuel surcharges. |
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| Canadian National Railway Co.’s revenue fell to C$2.02 billion from C$2.03 billion last year. Revenue from forest products, the largest commodity group, fell 13% due to weak market conditions and mill closures. The stronger Canadian dollar not only affected forest products but also other businesses. A tax benefit of C$14 million, or 3 cents per share, helped sustain profits. Including gains from asset sales expected during Q4, the company expects earnings to grow by about 5 %. |
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