Moody’s Investors Service just boosted Union Pacific Corporation’s (UNP) senior unsecured debt after the company reported another really good quarter.
The railroad company’s numbers were extremely good, considering the weather in the first quarter. Total operating revenues for the quarter grew seven percent to $5.6 billion, with particularly strong growth in agricultural shipments.
A number of the company’s financial metrics improved during the first quarter. Fuel costs and total operating expenses only rose marginally, contributing to an impressive 14% gain in operating income to $1.85 billion.
The company’s operating ratio (an important industry metric) improved two basis points to 67.1%, and diluted earnings per share grew a substantial 17% to $2.38.
Spending $683 million during the first quarter on share repurchases, the company bought back 3.8 million of its own shares at an average price of $178.85. This obviously helped with the diluted earnings-per-share gain.
Continue to read... Left, Right, and Center, This Rail Stock’s Making Money for Shareholders
Left, Right, and Center, This Rail Stock’s Making Money for Shareholders
Started by
abbyjoseph
, Apr 28 2014 05:40 AM
1 reply to this topic
#2
diogenes227
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Posted 28 April 2014 - 10:05 AM
Shipping crude by rail? Better build in better safety.
Thus, the real rail runners...
Thus, the real rail runners...
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