Canadian National Railway Q4 Earnings, Revenue Fall; Share Buyback Approved; Dividend Raised

MT Newswires Live
31 Jan

Canadian National Railway (CNI) reported Q4 adjusted diluted earnings Thursday of 1.82 Canadian dollars ($1.25) per share, down from CA$2.02 a year earlier.

Analysts surveyed by FactSet expected CA$1.92.

Revenue in the three months ended Dec. 31 fell to CA$4.36 billion from CA$4.47 billion a year earlier.

Analysts surveyed by FactSet expected CA$4.35 billion.

The company expects adjusted diluted EPS growth of 10% to 15% in 2025. Analysts surveyed by FactSet expect CA$8.07.

The company said its board approved a normal course issuer bid that allows for the repurchase of up to 20 million common shares within a year from Feb.4.

The company increased its quarterly dividend by 5% to CA$0.8875 a share, payable March 31 to holders of record March 10.

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