Union Pacific Beats Estimates on Workforce Productivity
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Union Pacific Corp.’s quarterly earnings topped Wall Street estimates, and the railroad said its 2025 outlook remains the same despite a mixed economic forecast.
The company reported fourth-quarter earnings of $2.91 per share, higher than the average estimate of $2.79.
Full-year operating revenue rose 1% on higher volume, price increases and greater efficiency.
Workforce productivity improved 6% to 1,062 car miles per employee in 2024.
Union Pacific (NYSE: $UNP) today reported 2024 fourth quarter net income of $1.8 billion, or $2.91 per diluted share. https://t.co/so5R61Y1Ah — Union Pacific (@UnionPacific) January 23, 2025
The company’s shares gained 4.3% as 8:28 a.m. Jan. 23 in New York before regular trading began. The stock dropped 7.2% last year.
Union Pacific said its 2025 projections from its September investor day still hold, despite uncertainties over coal demand the economy overall. It expects a three-year compound annual growth rate in the high single to low double digits.
The company plans to follow last year’s shares repurchases of $1.5 billion with $4 billion to $4.5 billion in buybacks this year.
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