Canadian National Railway (CNI)

[Schlumich]

vor einer Stunde schrieb Mithrandir77:

 

 

die schicken auch an deutsche Aktionäre einen Kalender von Union Pacific? 

Ja, aber nur auf jährliche Nachfrage - ich schicke denen jedes Jahr im Dezember einen Bettelbrief

[Mithrandir77]

CN Rail rakes in record Q3 revenue amid concerns over capacity

 

Zitat

Canadian National Railway Co. says it raked in the highest quarterly revenues of its 99-year year history, helping the country's largest railroad to address concerns over operating capacity.

The Montreal-based railway earned a net income of $1.13 billion in the quarter ended Sept. 30, an 18 per cent year-over-year increase.

Adjusted earnings rose to $1.1 billion from $989 million a year ago. That equalled $1.50 per diluted share, marking a nearly 15 per cent leap from $1.31 per share a year earlier and beating the expectations of analysts polled by Thomson Reuters Eikon.

Third-quarter revenues grew more than 14 per cent to $3.69 billion -- a CN record for any quarter -- from $3.22 billion.

CN and its rival Canadian Pacific Railway Ltd. said in September that they believe beefed-up inventories of locomotives, hopper cars and extra staff will help to prevent a repeat of last winter's grain-shipping backlog that farmers have said cost them millions of dollars in lost income.

CN says it is still expecting between $5.30 and $5.45 per adjusted diluted share this year, versus an earlier 2018 guidance of $5.10 to $5.25. The company is also reporting an operating ratio, which measures its efficiency, of 59.5 per cent, 2.3 points above the same quarter in 2017.

 

[Mithrandir77]

CN Rail's quarterly revenue jumps 16% on higher efficiency, carloads

 

Zitat

Canadian National Railway Co. topped analysts’ estimates for quarterly profit on Tuesday, as the railroad company transported higher volumes of petroleum crude and Canadian grain.

Carloads, the amount of freight loaded into cars, rose about five per cent in the final quarter of 2018, while rail freight revenue per carload increased about 11 per cent, Canada’s largest railroad operator said in a statement.

CN Rail and its smaller rival Canadian Pacific Railway have been investing in infrastructure to ease capacity constraints following a surge in demand for rail transport from oil producers as production exceeds pipeline capacity.

Major Canadian oil producer Cenovus Energy began shipments on CN Rail’s network starting in the final quarter of 2018 as part of a three-year deal that Cenovus also signed with CP.

CN on Tuesday also approved an 18 per cent increase to its quarterly cash dividend and announced a stock buyback of up to 22 million shares.The Montreal-based company said its quarterly operating ratio, which measures operating costs as a percentage of revenue, reached 61.9 per cent compared with 62.7 per cent a year earlier. The lower the ratio, the more efficient the railroad.

 

[Mithrandir77]

CN rekindles century-old rail rivalry with Kansas City Southern bid

 

Zitat

Canadian National Railway Co.’s bid to wrest Kansas City Southern away from Canadian Pacific Railway Ltd. is rekindling a century-old rivalry and pitting former colleagues against each other.

The US$30 billion takeover fight sees Canadian National Chief Executive Officer Jean-Jacques Ruest attempting to grab a prize long sought by Canadian Pacific CEO Keith Creel, who once served alongside him as Canadian National’s chief operating officer. It’s one of the biggest railway deals of the past two decades, with the winner gaining control of a sprawling network that crosses the three countries in North America’s trade alliance.

The two sides took shots at each other after Canadian National unveiled an unsolicited bid that’s nearly 20 per cent higher than Canadian Pacific’s offer.

Canadian National is “the better bid, the better partner, the better railway,” Ruest said on a conference call with analysts. “The result will be a safer, faster, cleaner and stronger railway than any other proposed combination for KCS.”

Canadian Pacific said its larger rival’s offer is “illusory and inferior” because it creates major antitrust concerns. “The Canadian National management team has significantly underperformed over a decade and has a track record of underdelivering against its own projections,” Canadian Pacific said in a statement that also attacked CN’s safety record.

 

[Mithrandir77]

U.S. regulator rejects Canadian National's voting trust to buy Kansas City Southern

 

Zitat

The U.S. rail regulator on Tuesday rejected a voting trust structure that would have allowed Canadian National Railway Co (CNR.TO) to proceed with its $29 billion proposed acquisition of U.S. peer Kansas City Southern (KSU.N).

The decision, which the regulator said was made over antitrust concerns, was a blow to the deal that would create the first direct railway linking Canada, the United States and Mexico.

The voting trust would temporarily own Kansas City Southern without Canadian National exerting control. It would have allowed Kansas City Southern shareholders to receive and keep the $325 per share in cash and stock that Canadian National was offering, even if the combination was subsequently rejected by the regulator, the U.S. Surface Transportation Board (STB).

The STB said it left the door open for the companies to seek full review of their proposed merger. Regulatory experts said the process would be uncertain and could last more than a year. Kansas City Southern did not immediately respond to a request for comment on its next steps.

 

[Mithrandir77]

CN Rail names Tracy Robinson CEO, settles with activist TCI

 

Canadian National Railway raises dividend by 19% to CAD 0.7325 and new repurchase program for 42M shares

Canadian National Railway Non-GAAP EPS of C$1.71 beats by C$0.18, revenue of C$3.75B beats by C$90M

 

Zitat

Operating ratio of 58.3 per cent, an improvement of 3.1 points, and record fourth quarter adjusted operating ratio of 57.9 per cent, an improvement of 3.5 points.

Record free cash flow for the year ended December 31, 2021 of C$3,296 million compared to C$3,227 million for the same period in 2020.

Return on invested capital of 16.4 per cent, an increase of 3.7 points, and adjusted ROIC of 14.1 per cent, an increase of 0.7 points.

2022 Outlook: CN expects to deliver approximately 20 per cent adjusted diluted EPS growth, versus 2021 adjusted diluted EPS of C$5.94. CN assumes total revenue ton miles in 2022 will increase in the low single-digit range versus 2021.

In 2022, CN plans to invest approximately 17 per cent of revenues in its capital program. CN continues to target an operating ratio of approximately 57 per cent for 2022 as well as approximately 15 per cent of ROIC. CN is also targeting free cash flow of approximately C$4.0 billion in 2022 compared to C$3.3 billion in 2021.

 

[Alles Aktien]

Danke für das Update, vorbörslich zeigt sich noch keine Tendenz, wie die Zahlen aufgenommen werden.

 

War kurz vor einem Einstieg letztes Jahr im Bereich €85 aufgrund der Unsicherheit des geplanten Kansas City Southern Merge - war mir dann aber zu unsicher vor der Entscheidung. Im Nachhinein natürlich doof für mich, dass der Deal geplatzt ist und die Aktie daraufhin durch die Decke ging.

 

Zahlen entwickeln sich konstant positiv, sehr sicheres Geschäftsmodell. Leider aktuell zu teuer für meinen Geschmack, möchte hier mindestens 2,5% oder besser 3% Yield beim Einstieg.

[McScrooge]

vor 18 Minuten von yes I squat:

möchte hier mindestens 2,5% oder besser 3% Yield beim Einstieg

Das wird schwer.

 

Aber die DIV.-Steigerung der Aktie sind hervorragend. Man kann also durchaus mit niedrigem Einstieg leben.

Ich bin seit einiger Zeit dabei, tolles Unternehmen.

[Mithrandir77]

Canadian Pacific hat weniger als 1 Prozent Dividendenrendite und Union Pacific auch noch etwas unter 2%

also in die Richtung 3 Prozent gehts bei solchen Unternehmen eher nicht

[McScrooge]

CNI hat eine Rendite von 1,6% und steigert im 10-Jahresvergleich um über 14%.

Das ist mehr als ordentlich.

[Mithrandir77]

CN Rail boosts prices, fuel charges with inflation rising

 

Zitat

Canadian National Railway Co. reported earnings that easily beat analysts’ estimates, as strong volumes allowed the railroad to increase prices and fuel surcharges to offset rising costs. 

Revenue in the second quarter was $4.34 billion (US$3.4 billion), topping the expected $4.08 billion and about 21 per cent higher than last year. The company said it was helped by a combination of higher freight rates and fuel charges as well as strong volumes of coal and US grain. A weaker Canadian dollar also gave sales a boost. 

Montreal-based Canadian National earned $1.93 a share on an adjusted basis, beating forecasts for $1.76 per share. The company also reiterated an earlier outlook that calls for 15 per cent to 20 per cent earnings growth for the full year compared with 2021. 

 

[Mithrandir77]

CN Rail unveils new continental shipping service in bid to match rival's vast network

 

 

[Mithrandir77]

CN Rail lowers earnings forecast amid falling profits, weaker demand

 

Zitat

Canada's largest railway said Tuesday it now expects flat to slightly negative adjusted diluted earnings in 2023, instead of the mid-single-digit growth it predicted three months ago.

Lower consumer demand as well as disruptions caused by wildfires reduced freight service over the second quarter, particularly for containers and lumber products, CN said.

But chief executive Tracy Robinson said the company's goal of ramping up profitable growth through 2026 and beyond remains on track.

“The longer-term fundamentals remain strong. The growth opportunities are real," she told analysts on a conference call, noting that on-time performance, safety and velocity metrics all improved from 2022.

However, "a little more weakness on the economic front” means overall shipments will likely continue to drop throughout the year, Robinson said. Softer demand, especially for container cargo, will likely continue into 2024, she added.

The forecast marks a contrast to the sunny outlook offered by the CEO three months earlier, despite expectations of a shrinking economy throughout much of the year.

A roughly two-week strike at B.C. ports earlier this month halted freight flows through West Coast terminals, adding to the demand woes.

 

 

[Mithrandir77]

Canada labor board orders rail employees back to work, imposes binding arbitration

 

Zitat

Canada's federal arbitrator has ordered employees at the country's two major railroads back to work, imposing binding arbitration following a work stoppage that halted freight shipments since Thursday morning.

The Canada Industrial Relations Board agreed Saturday to Labor Minister Steven MacKinnon's request for arbitration as well as an extension of the workers' expired contracts, clearing the way for the railways to resume operations starting Monday.

Canadian National Railway (NYSE:CNI) and Canadian Pacific Kansas City (NYSE:CP) shut down operations on Thursday after talks with the Teamsters Canada Rail Conference failed; after MacKinnon requested arbitration, CN trains began operating early Friday, but CPKC workers went on strike, and a strike notice was issued to CN by the Teamsters for this morning.

 

[Mithrandir77]

CN Rail profits inch down amid wildfires, labour standoffs

 

Zitat

Despite the obstacles, the railway's second- and third-biggest categories enjoyed much higher revenues, as petroleum and chemicals as well as grain and fertilizers jumped 11 per cent and nine per cent year-over-year, respectively.

CN said it moved more than 2.81 million tonnes of grain from Western Canada in September, beating the previous monthly record and despite a four-day grain workers strike in British Columbia.

Lower sales from its smaller coal and auto segments partly offset the oil-and-wheat windfall, while falling lumber prices yielded flat revenues for forest products.

"The macro is lighter than what we expected coming into 2024, and maybe even a bit softer than what we thought on our last call back in July," Robinson acknowledged, citing economic "challenges."

"We're seeing this play out in our merchandise business, especially in construction-related commodities as well as in automotive."

In September, CN lowered its financial forecast for the year. It expects to deliver adjusted diluted earnings per share growth in the low single-digit range, compared to its July expectation of mid-to-high single-digit increases.

On Tuesday, CN reported that third-quarter revenues rose three per cent to $4.11 billion from $3.99 billion the year before.

However, net income slipped to $1.09 billion in the three months ended Sept. 30, down from $1.11 billion in the same period a year earlier.

On an adjusted basis, diluted earnings increased nearly two per cent to $1.72 per share from $1.69 per share last year, in line with analysts' expectations, according to financial markets firm LSEG Data & Analytics.