Latest news with #CN
Globe and Mail
3 hours ago
- Business
- Globe and Mail
Canadian National Railway Reports Resilient Q2 2025 Results
Canadian National Railway Company ( (CNI)) has released its Q2 earnings. Here is a breakdown of the information Canadian National Railway Company presented to its investors. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Canadian National Railway Company (CN) is a leading North American transportation and logistics company, operating a vast rail network that connects Canada's coasts with the U.S. Midwest and Gulf Coast, facilitating the movement of over 300 million tons of goods annually. In its latest earnings report for the second quarter of 2025, CN demonstrated resilience in a challenging economic environment, achieving notable financial performance through strategic cost management and operational adjustments. Despite a slight dip in revenue, the company managed to increase its operating income and improve its operating ratio, reflecting efficient cost control measures. Key financial highlights from the quarter include a 5% increase in operating income to C$1,638 million, despite a 1% decrease in total revenues to C$4,272 million. The operating ratio improved to 61.7%, showcasing enhanced operational efficiency. Additionally, diluted earnings per share rose by 7% to C$1.87. However, revenue ton miles saw a slight decline of 1% to 59,215 million, indicating some challenges in freight volume. Looking ahead, CN has adjusted its 2025 earnings guidance due to ongoing economic uncertainties, now expecting adjusted diluted EPS growth in the mid to high single-digit range. The company remains committed to its capital investment plans, aiming to bolster its infrastructure and service capabilities amidst a volatile macroeconomic landscape.
Hamilton Spectator
11 hours ago
- Business
- Hamilton Spectator
S&P/TSX composite closes higher, U.S. markets up after U.S.-Japan trade deal
TORONTO - Gains in consumer and financial stocks helped lift Canada's main stock index to finish higher Wednesday, while U.S. markets reached new highs after the announcement of a U.S.-Japan trade deal. The S&P/TSX composite index was up 51.98 points at 27,416.41. In New York, the Dow Jones industrial average was up 507.85 points at 45,010.29. The S&P 500 index was up 49.29 points at 6,358.91, adding 0.8 per cent to its all-time high. Meanwhile, the Nasdaq composite was up 127.33 points at 21,020.02, climbing 0.6 per cent to hit its own record. 'Clearly market participants like another piece of the clarity puzzle falling into place with the arrangement overnight between the U.S. and Japan and also Indonesia and the Philippines yesterday,' said Carol Schleif, chief market strategist at BMO Private Wealth. U.S. President Donald Trump announced a trade framework that would place a 15 per cent tax on imports coming from Japan. That's lower than the 25 per cent rate Trump had earlier said would kick in on Aug. 1. 'Every piece of clarity that comes through, markets are really liking because they really desperately want to move beyond the tariff issue,' she said. Trump has proposed stiff taxes on imports from around the world, which carry the double-edged risk of driving up inflation for U.S. households while slowing the economy. But many of Trump's tariffs are currently on pause, giving time to reach deals with other countries that could lower rates. Trump also announced a trade agreement with the Philippines on Tuesday. Over the long run, Schleif said it is critical for the U.S. to get deals with trading partners like China, Mexico and Canada. She noted the narrative regarding tariffs has 'shifted more positive.' Ahead of the looming Aug. 1 tariff deadline, when a pause on a slew of U.S. tariffs is set to expire, Schleif said market participants don't seem overly concerned. 'I think the lesson learned all year is that the deadlines are meant to try to accelerate the conversation, not necessarily as a hard and fast rule,' she said. 'President Trump and his administration clearly want to get stuff done and done quickly, and they don't have patience for the way diplomacy usually works, where it takes a very long time and lots of handshakes and lots and meetings. They're definitely having lots of meetings, but it's on an accelerated schedule, and they're trying to get a lot of this stuff buttoned up.' Going forward, Schleif said she expects equity markets to face some tailwinds. 'Globally, there are a lot of questions about how much longer this can persist. But the interesting thing is the dynamics on the globe are pretty positive for equity markets,' she said. On the TSX, Canadian National Railway Co. was one of the largest downside contributors a day after it cut its outlook amid trade volatility. CN shares finished 4.17 per cent lower on Wednesday. The Canadian dollar traded for 73.48 cents US compared with 73.34 cents US on Tuesday. The September crude oil contract was down six cents US at US$65.25 per barrel. The August gold contract was down US$46.10 at US$3,397.60 an ounce. This report by The Canadian Press was first published July 23, 2025. — With files from The Associated Press. Companies in this story: (TSX: GSPTSE, TSX: CADUSD, TSX: CNR)
Yahoo
12 hours ago
- Business
- Yahoo
First look: CN Q2 earnings
CN (NYSE: CNI) reported operating income of $1.21 billion for the second quarter ended June 30, up 5% from the previous quarter, while adjusted operating income was unchanged. Revenues of $3.14 billion were off 1%, as revenue ton miles (RTMs) fell 1% in the quarter, the company said after the close of markets.. Diluted earnings per share improved 7% to $1.37, or 2% on an adjusted basis. Operating ratio, or operating expenses as a percentage of revenues, was 61.7%, an improvement of 2.3 points. Operating ratio improved 0.5 points on an adjusted basis. 'Our team's ability to be nimble and our focus on tight cost control allowed us to adjust our operations and deliver strong results despite a challenging external environment,' said President and Chief Executive Tracy Robinson, in a release. 'We are working closely with customers, including those impacted by trade issues, to provide them with the services they need to win in their markets. We remain focused on powering the North American economy and delivering for shareholders.' The Montreal-based company said persistent trade and tariff volatility led it to cut its full-year earnings forecast from January's 10-15% to the mid to high single-digit range. The company said it will still invest approximately $2.5 billion in its capital program. CN is withdrawing its 2024-2026 financial outlook 'due to the continued high level of macroeconomic uncertainty and volatility related to evolving trade and tariff policies.' Subscribe to FreightWaves' Rail e-newsletter and get the latest insights on rail freight right in your inbox. Find more articles by Stuart Chirls aims to grow carload traffic with rail service upgrades Report: Goldman Sachs advising BNSF on potential merger Analysis: UP-NS rail merger spotlights individual legacies in a legacy business Union Pacific, Norfolk Southern in merger talks: WSJ The post First look: CN Q2 earnings appeared first on FreightWaves. Melden Sie sich an, um Ihr Portfolio aufzurufen.
Winnipeg Free Press
a day ago
- Business
- Winnipeg Free Press
CN Rail lowers earnings expectations, cuts outlook amid trade volatility
MONTREAL – Canadian National Railway Co. reported its net income inched up to $1.17 billion during its second quarter compared with last year, as it said the trade uncertainty is making it difficult for it to provide investors with an outlook. The Montreal-based company says revenue fell about one per cent, to $4.27 billion compared with $4.33 billion a year earlier. Diluted earnings per share for the quarter came in at $1.87, up from $1.75 a year earlier. CN lowered its 2025 forecast for adjusted diluted earnings per share growth, saying it now expects growth in the mid to high single-digit range. A previous estimate from CN expected adjusted diluted earnings per share to increase between 10 and 15 per cent for 2025. CN says it is removing its 2024-26 financial outlook given continued uncertainty surrounding trade and tariff uncertainty. This report by The Canadian Press was first published July 22, 2025. Companies in this story: (TSX:CNR)
Yahoo
2 days ago
- Business
- Yahoo
CN to Report Second-Quarter 2025 Financial and Operating Results Today
MONTREAL, July 22, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its second-quarter 2025 financial and operating results after the market close. CN's senior officers will review the results and the railway's outlook in a conference call starting at 4:30 p.m. Eastern Time today. Tracy Robinson, CN President and Chief Executive Officer, will lead the call. Parties wishing to participate via telephone may dial 1-800-715-9871 (Canada/U.S.), or 1-647-932-3411 (International), using 7456934 as the passcode. Participants are advised to dial in 10 minutes prior to the call. CN will webcast the presentation live and furnish slides supporting the officers' remarks via the Investors section of its website at A webcast replay will be available after the call ends. About CNCN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since Michnowski Stacy Alderson Senior Manager Assistant Vice-President Media Relations Investor Relations (438) 596-4329 (514) 399-0052 media@ in to access your portfolio
