March 5, 2018 / 12:39 PM / 5 months ago

BRIEF-CEO Luc Jobin Is Leaving CN; Board Appoints Jean-Jacques Ruest Interim CEO

March 5 (Reuters) - Canadian National Railway Co:

* CEO LUC JOBIN IS LEAVING CN; BOARD APPOINTS JEAN-JACQUES RUEST INTERIM CEO

* CANADIAN NATIONAL RAILWAY - REITERATED FISCAL 2018 GUIDANCE TO DELIVER ADJUSTED EARNINGS PER SHARE OF C$5.25 TO C$5.40

* ‍ASSUMES THAT NORTH AMERICAN INDUSTRIAL PRODUCTION FOR 2018 WILL INCREASE IN RANGE OF TWO TO THREE PER CENT​

* REITERATED GUIDANCE OF C$3.2 BILLION CAPITAL PROGRAM IN 2018

* ‍ASSUMES 2018/2019 GRAIN CROPS IN CANADA AND UNITED STATES WILL BE IN LINE WITH THEIR RESPECTIVE THREE-YEAR AVERAGES​

* CANADIAN NATIONAL - DESPITE “MORE DIFFICULT WINTER CONDITIONS AND A VERY CHALLENGING START TO YEAR”, REMAIN CONFIDENT ABOUT FUTURE PROSPECTS

* FY2018 EARNINGS PER SHARE VIEW C$5.34 — THOMSON REUTERS I/B/E/S Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below