Canadian National Railway Company

Canadian National Railway Co. engages in rail and related transportation business. The firm services include rail, intermodal, trucking, supply chain services, business development and maps and network. Its offers their services in automotive, coal, fertilizer, food and beverages, forest products, dimensional loads, grain, metals and minerals and petroleum and chemicals industries. The company was founded on June 6, 1919 and is headquartered in Montreal, Canada.

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Canadian National Railway Co. engages in rail and related transportation business. Its services include rail, intermodal, trucking, supply chain services, business development, and maps & network. Its offers their services in automotive, coal, fertilizer, food & beverages, forest products, dimensional loads, grain, metals & minerals, and petroleum & chemicals industries. The company was founded on June 6, 1919 and is headquartered in Montreal, Canada.

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Canadian National Railway is a core holding in my portfolio, with strong growth prospects in the railroad industry. Despite a recent share price dip, the company continues to deliver consistent financial performance and shareholder returns. Q2 results show revenue growth, with potential disruptions and labor issues impacting short-term guidance, but long-term prospects remain strong.

Canadian National Railway: Strong Fundamentals Amid Short-Term Challenges

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Railroads in the US boomed in the 19th century but faced competition from automobiles and airlines, leading to mergers and consolidation in the industry. There are 5 Class I publicly traded railroads left today, each with high returns on equity, low debt, growing dividends, and ample return on capital. All are compound growers. The railroad business is a natural monopoly due to high capital costs and legal obstacles, resulting in low competition and stable profit margins.

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CN builds on last year's strong, steady performance with continued fleet enhancements, deployment of new technologies and a focus on building its team of railroaders CN builds on last year's strong, steady performance with continued fleet enhancements, deployment of new technologies and a focus on building its team of railroaders

2024-2025 CN Grain Plan Builds on Strong Performance

Canadian National's (CNI) Q2 results benefit from higher volumes.

Canadian National (CNI) Q2 Earnings & Revenues Miss Estimates

Canadian National Railway Company reported a 7% increase in 2Q24 revenues, supported by pricing, volumes, and exchange rates. Labor uncertainties and operational disruptions led to a revision of full-year EPS growth guidance for CNI. Despite challenges, CNI remains an attractive investment with a strong dividend yield, buyback record, and promising growth projections.

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Canadian National Railway Company (NYSE:CNI ) Q2 2024 Earnings Conference Call July 23, 2024 4:30 PM ET Company Participants Stacy Alderson - Assistant Vice President, Investor Relations Tracy Robinson - President and Chief Executive Officer Derek Taylor - Executive Vice President and Chief Field Operations Officer Patrick Whitehead - Executive Vice President and Chief Network Operating Officer Remi Lalonde - Executive Vice President and Chief Commercial Officer Ghislain Houle - Executive Vice President and Chief Financial Officer Conference Call Participants Christian Wetherbee - Wells Fargo Cherilyn Radbourne - TD Cowen Scott Group - Wolfe Research Steven Hansen - Raymond James Kenneth Hoexter - Bank of America Konark Gupta - Scotiabank David Vernon - Bernstein Fadi Chamoun - BMO Capital Markets Brian Ossenbeck - JPMorgan Walter Spracklin - RBC Capital Markets Ravi Shanker - Morgan Stanley Operator Good afternoon. My name is Julianne and I will be your operator today.

Canadian National Railway Company (CNI) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for CN (CNI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

CN (CNI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Canadian National (CNI) came out with quarterly earnings of $1.35 per share, missing the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.31 per share a year ago.

Canadian National (CNI) Q2 Earnings and Revenues Lag Estimates

MONTREAL, July 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a third-quarter 2024 dividend on the Company's common shares outstanding. A quarterly dividend of eighty-four and a half cents (C$0.8450) per common share will be paid on September 27, 2024, to shareholders of record at the close of business on September 6, 2024.

CN Declares Third-Quarter 2024 Dividend

Company Remains Focused on Growth and Disciplined Adherence to Scheduled Railroading Company Remains Focused on Growth and Disciplined Adherence to Scheduled Railroading

CN Announces Second Quarter Results

MONTREAL, July 23, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its second-quarter 2024 financial and operating results after the market close.

CN to Report Second-Quarter 2024 Financial and Operating Results Today

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Canadian National's (CNI) Q2 performance is expected to be adversely impacted by the freight market downturn.

What's in Store for Canadian National (CNI) in Q2 Earnings?

I compare the major railroad companies from the perspective of a dividend-focused investor. The “big five” are highly correlated by many growth and profitability metrics, but not all. Canadian National outshines the others with its efficiency and consistent performance.

Canadian National Railway: My Top Railroad For Dividend Growth Investors

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Shareholder-friendly initiatives bode well for the Zacks Transportation-Railroad industry. CNI, CP, CSX and NSC are well-poised to capitalize on the bullishness.

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MONTREAL, July 08, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) will issue its second-quarter 2024 financial and operating results after the market close on July 23, 2024.

CN to Report Second-Quarter 2024 Financial and Operating Results on July 23, 2024

News for Canadian National Railway Company Stock (CNI)