Canadian National Railway Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 25, 2022 at 04:16 pm EDT
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Canadian National Railway Company reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CAD 4,513 million compared to CAD 3,591 million a year ago. Net income was CAD 1,455 million compared to CAD 1,686 million a year ago. Basic earnings per share from continuing operations was CAD 2.13 compared to CAD 2.38 a year ago. Diluted earnings per share from continuing operations was CAD 2.13 compared to CAD 2.37 a year ago.
For the nine months, sales was CAD 12,565 million compared to CAD 10,724 million a year ago. Net income was CAD 3,698 million compared to CAD 3,698 million a year ago. Basic earnings per share from continuing operations was CAD 5.36 compared to CAD 5.21 a year ago. Diluted earnings per share from continuing operations was CAD 5.34 compared to CAD 5.2 a year ago.
Canadian National Railway Company is a transportation and logistics company. The Company's services include rail, intermodal, trucking, and supply chain services. The Companyâs rail services offer equipment, customs brokerage services, transloading and distribution, private car storage and others. Its intermodal container services help shippers expand their door-to-door market reach with about 23 strategically placed intermodal terminals. Its intermodal services include temperature-controlled cargo, port partnerships, logistics park, moving grain in containers, custom brokerage, transloading and distribution, and others. Its trucking services include door-to-door service, import and export dray, interline services, and specialized services. Its supply chain services offer comprehensive services across a range of industries and product types. It transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year.