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Union Pacific Corp.’s quarterly earnings topped Wall Avenue estimates, and the railroad mentioned its 2025 outlook stays the identical regardless of a blended financial forecast.
The corporate reported fourth-quarter earnings of $2.91 per share, larger than the common estimate of $2.79.
Full-year working income rose 1% on larger quantity, value will increase and better effectivity.
Workforce productiveness improved 6% to 1,062 automotive miles per worker in 2024.
Union Pacific (NYSE: $UNP) at the moment reported 2024 fourth quarter web earnings of $1.8 billion, or $2.91 per diluted share. https://t.co/so5R61Y1Ah
— Union Pacific (@UnionPacific) January 23, 2025
Jim Vena, CEO of Union Pacific, mentioned in an interview that he’s optimistic about the way forward for the U.S. financial system, regardless of the specter of tariffs underneath President Donald Trump.
“The president has talked about tariffs and we’re planning for it,” he mentioned. “However I additionally suppose that it’s a negotiating place and we’ll see how that works out for us.”
“He’s talked about altering the company tax charge,” Vena mentioned. “He’s additionally talked about regulation modifications. So for those who put all of that within the combine, we’re fairly bullish about what is going to occur with the financial system.”
Union Pacific mentioned its 2025 projections from its September investor day nonetheless maintain, regardless of uncertainties over coal demand and the financial system total. It expects a three-year compound annual development charge within the excessive single to low double digits.
The corporate plans to comply with final yr’s shares repurchases of $1.5 billion with $4 billion to $4.5 billion in buybacks this yr.
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