NEW YORK, NY -- (Marketwire) -- 05/14/12 -- The Railroads Industry has flourished despite facing a significant drop in coal shipments. The S&P's Supercomposite Railroads Index has seen a 29 percent increase since September 2011, outperforming the S&P 500 Index's 21 percent gain. The Paragon Report examines investing opportunities in the Railroads Industry and provides equity research on Union Pacific Corporation (NYSE: UNP) and Kansas City Southern (NYSE: KSU).
Access to full reports can be found at:
www.ParagonReport.com/UNP
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"North American Class 1 Railroads reported a healthy 28.5% growth in earnings per share in (the first quarter) compared to the same period last year," BMO Capital Markets said in a recent report. "All the railroads exceeded consensus estimates by a healthy margin largely due to greater-than-expected productivity gains, robust pricing and less-than-feared decline in coal revenues."
The recent resurgence in U.S. auto sales has also provided a boost for railroad companies. Data from the Association of American Railroads shows shipments of vehicles and auto parts in the last week of March totaled 17,283 carloads, the highest total in nearly 4 years.
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Union Pacific Corporation last month reported 2012 first quarter net income of $863 million, or $1.79 per diluted share, compared to $639 million, or $1.29 per diluted share, in the first quarter 2011. "Union Pacific achieved record financial results across the board this quarter," said Jack Koraleski, Union Pacific chief executive officer. "We're clearly realizing the benefits of our diverse franchise, despite current coal challenges. We remain focused on delivering safe, efficient, high-quality service that creates value for our customers and increased financial returns for our shareholders."
Kansas City Southern recently reported record first quarter 2012 revenues of $548 million, an increase of 12 percent over first quarter 2011. Overall, carload volumes were 7% higher than in first quarter 2011. First quarter revenue growth compared to 2011 was led by a 26% increase in Intermodal and a 21% increase in automotive revenues.
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