CN’s Robinson: ‘Strong’ Results Despite ‘Challenging External Environment’
“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,” Robinson added.
Among CN’s second-quarter 2025 results:
- Revenue ton miles (RTMs) decreased 1% to 59,215 (millions).
- Revenues of C$4.272 million, a decrease of C$57 million, or 1%.
- Operating income of C$1.638 million, an increase of $80 million, or 5%; operating income was flat on an adjusted basis.
- Operating ratio, defined as operating expenses as a percentage of revenues, of 61.7%, an improvement of 2.3 points; operating ratio improved 0.5 points on an adjusted basis.
- Diluted earnings per share (EPS) of C$1.87, an increase of 7%; EPS increased 2% on an adjusted basis.
Updated 2025 Guidance and 2024-2026 Financial Outlook
“Due to economic uncertainty, attributable to persistent trade and tariff volatility in key economic sectors,” CN says it now expects to deliver adjusted diluted EPS growth in the mid to high single-digit range in 2025 (compared to its Jan. 30, 2025, expectation of 10%-15%). CN adds that it continues to plan to invest approximately C$3.4 billion in its capital program, net of amounts reimbursed by customers.
“Given the Company’s updated guidance for 2025, and the continued high level of macroeconomic uncertainty and volatility related to evolving trade and tariff policies, CN is removing its 2024-2026 financial outlook,” the Class I announced.
For more details, visit the CN Investors webpage.
