Slide 1: Forward-Looking Statements
Forward-Looking Statements This information and other statements by the company may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to, among other items: projections and estimates of earnings, revenues, margins, volumes, rates, cost
Slide 2: Executive Summary
Executive Summary Michael Ward Chairman and Chief Executive Officer Third quarter performance . . . Volume 1,574K Revenue $2,710M Operating Income $841M Operating Ratio 69.0% EPS $0.48 Earnings Per Share Revenue declines 8% — Lower volume and fuel recovery more $0.52 than offset pricing gains $0.4
Slide 3: Financial Review: Third quarter earnings summary
Financial Review Frank Lonegro Executive Vice President Chief Financial Officer Third quarter earnings summary . . . Third Quarter Results Dollars in millions, except EPS 2016 2015 Variance Revenue $ 2,710 $ 2,939 (8%) Expense 1,869 2,006 7% Operating Income $ 841 $ 933 (10%) Interest Expense (139)
Slide 4: Fourth quarter: 13-wk basis down; 14-wk basis flat
Fourth quarter: 13-wk basis down; 14-wk basis flat 13-Week 14-Week Outlook Markets Drivers Outlook Favorable Automotive Modest NALVP growth and new business ramp-up Agriculture & Food Record grain harvest drives momentum; ethanol challenges Favorable Neutral Export Coal Reduced Chinese s
Slide 5: Financial wrap-up
Financial wrap-up . . . Third quarter results reflect dynamic freight environment — Low natural gas, low commodity prices, strong dollar continue impacting business — Strong pricing, efficiency gains, resource alignment partially mitigate volume decline Year-to-date results driven by cost perfor
Slide 6: Relentless pursuit of excellence
Relentless pursuit of excellence . . . 11