Kansas City Southern's (KSU) CEO Dave Starling on Q4 2015 Results - Earnings Call Transcript

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Call Start: 08:45 January 1, 0000 10:00 AM ET

Kansas City Southern (KSU)

Q4 2015 Earnings Conference Call

January 22, 2016, 08:45 ET


Dave Starling - CEO

Pat Ottensmeyer - President

Jeff Songer - Chief Transportation Officer

Brian Hancock - Chief Marketing Officer

Michael Upchurch - CFO

Mike Upchurch - CFO

Jose Zozaya - President & Executive Representative, Kansas City Southern de Mexico


Alex Vecchio - Morgan Stanley

Tom Wadewitz - UBS

Chris Wetherbee - Citigroup

Allison Landry - Credit Suisse

Matt Troy - Nomura Securities

Brandon Oglenski - Barclays Capital

John Barnes - RBC Capital Markets

Jason Seidl - Cowen and Company

Justin Long - Stephens

Ken Hoexter - Bank of America Merrill Lynch

Scott Group - Wolfe Research

Brian Ossenbeck - JPMorgan

John Larkin - Stifel Nicolaus


Welcome to the Kansas City Southern Fourth Quarter 2015 Earnings Release Conference Call. [Operator Instructions]. It is now my pleasure to introduce your host, Dave Starling. Please go ahead, sir.

Dave Starling

Good morning and welcome to Kansas City Southern's fourth quarter 2015 earnings conference call. Presenting with me this morning are President, Pat Ottensmeye; Chief Transportation Officer, Jeff Songer; Chief Marketing Officer, Brian Hancock; Chief Financial Officer, MIke Upchurch; and on the phone from Mexico, will be Jose Zozaya, our President and executive representative for the answer session of the call.

Turning to our fourth quarter, the combination of a challenging economy and the dual impacts of a weak peso and lower than normal fuel surcharge revenues resulted in revenues declining 7% from fourth quarter 2014. The combination of foreign exchange and the lower U.S. fuel prices had a significant effect on our consolidated revenue. Excluding those factors, KCS's revenue for the fourth quarter 2014 were approximately flat with the prior year.

The Company responded very well

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