The company continues to emphasize the disciplined operation of a scheduled railroad
MONTREAL, April 24, 2023 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) today announced financial and operating results for the first quarter ended March 31, 2023. Diluted earnings per share (EPS) were $1.82. Up 38% on an adjusted basis(1) and 39% as reported. CN’s proposed operational plan has demonstrated its resilience to Canadian winter conditions.
“We are very proud of our performance this quarter. Safety is at the core of everything we do and I am particularly proud of our safety performance. Despite the current economic uncertainty, we remain confident in our long-term growth. Our updated outlook reflects the strength of our planned rail model and its ability to deliver strong operating results. In the immediate future, our priorities will continue to be executing our plan and providing reliable services to our customers. »
— Tracy Robinson, President and CEO of CN
Comparison of the first quarter of 2023 with the first quarter of 2022
Financial highlights
- Refers to the terminated CN Merger Agreement. See Note 4, Acquisition, to the Company’s 2022 Consolidated Financial Statements and the section titled Adjusted Performance Measures of the Company’s 2022 Annual MD&A for further details.
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