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Canadian National Railway Company (CNR.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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132.35-1.56 (-1.16%)
At close: 4:00PM EDT
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Previous Close133.91
Open133.16
Bid132.01 x N/A
Ask132.51 x N/A
Day's Range131.44 - 133.37
52 Week Range92.01 - 149.11
Volume1,148,305
Avg. Volume1,356,439
Market Cap93.995B
Beta (5Y Monthly)0.63
PE Ratio (TTM)27.76
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield2.30 (1.72%)
Ex-Dividend DateDec. 08, 2020
1y Target EstN/A
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Press Releases
  • CN Shatters Grain Record by Delivering Biggest Month Ever
    GlobeNewswire

    CN Shatters Grain Record by Delivering Biggest Month Ever

    Record comes as company prepares to receive new grain hopper cars sooner than plannedMONTREAL, Oct. 30, 2020 (GLOBE NEWSWIRE) -- With two days left in October, CN (TSX: CNR) (NYSE: CNI) has already exceeded the previous record of 2.88 million metric tons of Canadian grain moved set in October 2019 and is on track to exceed the previously unattained 3 MMT mark. This unprecedented performance follows seven record months of Canadian grain movement in March, April, May, June, July, August, and September. CN is also pleased to announce that it will be receiving its first shipment of the 1,500 North American Built, new generation, high-capacity, grain hopper cars, with 100 cars already received and another 500 expected to be in service between now and the end of the year.  These new 5,431 cubic foot, 55-foot eight-inch jumbo grain hopper cars, can carry approximately 10% more grain than older generation cars. This order follows CN’s 2018 order of 1,000 grain cars which are all in service.“Our devotion to moving the North American economy remains unwavering and this new unprecedented record is further proof of the essential role we play in the global supply chains. The expedited delivery of the new hopper cars also reiterates our commitment to being ready for 2021 and beyond with additional capacity and confidence in our ability to deliver safely for our customers, the economy and the communities we serve. I want to thank the CN ONE TEAM and Canadian grain farmers for their work and dedication in these difficult times. Without their collaboration and support, these records would not be possible.” \- Rob Reilly, Executive Vice-President and Chief Operating Officer of CNForward-looking statements Certain statements included in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. The Company cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as “believes,” “expects,” “anticipates,” “assumes,” “outlook,” “plans,” “targets,” or other similar words. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause the actual results or performance of the Company to be materially different from the outlook or any future results or performance implied by such statements. Reference should be made to Management’s Discussion and Analysis in CN’s annual and interim reports, Annual Information Form and Form 40-F, filed with Canadian and U.S. securities regulators and available on CN’s website, for a description of major risk factors.About CN CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada’s Eastern and Western coasts with the Southern tip of the U.S. through a 19,500-mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship.Contacts: MediaInvestment Community Jonathan AbecassisPaul Butcher Senior ManagerVice-President Media RelationsInvestor Relations (514) 399-7956 media@cn.ca(514) 399-0052 investor.relations@cn.ca

  • ACCESSWIRE

    Aegion Corp. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / October 29, 2020 / Aegion Corp.

  • Aegion Corporation Reports 2020 Third Quarter Financial Results
    GlobeNewswire

    Aegion Corporation Reports 2020 Third Quarter Financial Results

    Management evaluating strategic alternatives for Energy Services; Focused on growing water and wastewater market presence ST. LOUIS, Oct. 28, 2020 (GLOBE NEWSWIRE) -- A PDF accompanying this release is available at: http://ml.globenewswire.com/Resource/Download/f38a396c-11e4-4cb8-9b96-6b17a82d42ec * Q3’20 loss per diluted share was $0.93 compared to earnings per diluted share of $0.19 in Q3’19, reflecting a $39 million pre-tax non-cash goodwill impairment charge for Energy Services. Q3’20 adjusted (non-GAAP)1 earnings per diluted share were $0.32 compared to $0.40 in the prior year. Q3’20 adjusted results were at the high end of guidance expectations, driven by continued strength from the Insituform North America business. * Revenues in the quarter were $276 million. The Insituform North America business grew revenues by 10% year over year, helping to offset COVID-related impacts from Energy Services and the coatings business within Corrosion Protection. * Strong ending cash and net debt levels at September 30, 2020, position Aegion well for organic and inorganic growth. * Management focused on capitalizing on strong balance sheet and industry leading position to grow the North America water and wastewater business. BofA Securities engaged to review strategic alternatives for the Energy Services segment. * Q4’20 adjusted earnings are expected to be slightly below Q3’20 results, primarily reflecting typical seasonal revenue reductions in Infrastructure Solutions. (1)Adjusted (non-GAAP) results exclude certain charges related to the Company’s restructuring activities, acquisition and divestiture-related expenses, goodwill and indefinite-lived intangible asset impairment, impairment of assets held for sale, project warranty accruals, credit facility amendment fees and impacts from the Tax Cuts and Jobs Act. Reconciliation of adjusted results is included below.Q3’20 HIGHLIGHTS * Top-line reductions drove a 6% decline in adjusted operating income. However, strong Insituform performance and a sharp improvement in the Corrpro North America business drove increases in both adjusted gross margins and adjusted operating margins. * Ending cash of $77 million increased 40% over the prior year, and year-to-date operating cash flows of $79 million exceeded the full-year performance in each of the last five years. The Company paid off its revolver borrowings in Q3’20, resulting in ending net debt levels of $150 million. * Contract backlog as of September 30, 2020, was $678 million. Excluding exited or to-be-exited businesses, backlog increased 2% compared to prior year levels. “Our performance in the quarter and outlook as we close out the year reflect our continued success navigating unprecedented near-term challenges.Looking forward, we are advancing a strategy to better leverage our differentiated pipeline rehabilitation and protection technologies for the benefit of public health and the environment. A core element of the strategy is to focus on meaningful growth opportunities in the water and wastewater space to capitalize on the strength of our largest and most profitable business.The evaluation of strategic alternatives for the Energy Services business reflects a deliberate multi-year shift to simplify and drive a narrower focus on our core markets. Our performance today and plans moving forward position us well to create significant long-term value for our shareholders.”Charles R. Gordon, President and Chief Executive Officer, AegionSelected Consolidated Financial Highlights Quarter Ended September 30, 2020 Quarter Ended September 30, 2019 (in thousands, except earnings per share)As Reported (GAAP)Adjustments (1)As Adjusted (Non-GAAP) As Reported (GAAP)Adjustments (2)As Adjusted (Non-GAAP) Revenues$                275,884 $        — $        275,884  $        308,789 $        — $                308,789  Cost of revenues                 215,624                  (1,830)                 213,794                   241,997                  33                  242,030  Gross profit                 60,260                  1,830                  62,090                   66,792                  (33)                 66,759  Operating expenses                 45,055                  (1,546)                 43,509                   48,866                  (1,860)                 47,006  Goodwill impairment                 39,430                  (39,430)                 —                   —                  —                  —  Acquisition and divestiture expenses                 680                  (680)                 —                   1,842                  (1,842)                 —  Restructuring and related charges                 2,335                  (2,335)                 —                   1,435                  (1,435)                 —  Operating income (loss)                 (27,240)                 45,821                  18,581                   14,649                  5,104                  19,753  Other income (expense)                 (3,785)                 (897)                 (4,682)                  (8,414)                 5,345                  (3,069) Income (loss) before taxes (benefit)                 (31,025)                 44,924                  13,899                   6,235                  10,449                  16,684  Taxes (benefit) on income (loss)                 (3,131)                 6,118                  2,987                   (114)                 3,905                  3,791  Net Income (loss) (attributable to Aegion Corporation)                 (28,474)                 38,551                  10,077                   6,036                  6,468                  12,504  Diluted earnings (loss) per share$                (0.93)$        1.25 $        0.32  $        0.19 $        0.21 $        0.40  Net income (loss) and diluted earnings (loss) per share includes non-controlling interest(1)  Q3’20 non-GAAP pre-tax adjustments: * Restructuring: Charges to cost of revenues of $1,830 primarily related to inventory write offs; charges for operating expenses of $1,546 primarily related to wind-down costs, fixed asset disposals and other restructuring-related charges; charges of $2,335 related to employee severance, extension of benefits, employment assistance programs and contract termination costs; income for other income/expense of $1,468 related to net gains on disposal of certain restructured operations and the release of cumulative currency translation adjustments; and adjustments to non-controlling interests income of $255. * Goodwill Impairment: Charges of $39,430 related to goodwill impairments in Energy Services. * Acquisition and Divestiture Expenses: Expenses of $680 incurred primarily in connection with the Company’s divestitures of Australia and Spain and its planned divestiture of its held for sale operations; and losses of $571 related to the divestiture of Australia.(2)  Q3’19 non-GAAP pre-tax adjustments: * Restructuring: Gains for cost of revenues of $33 primarily related to recoveries of inventory write offs; charges for operating expenses of $1,860 primarily related to wind-down expenses, reserves for potentially uncollectible receivables, fixed asset disposals and other restructuring-related charges; charges of $1,435 related to employee severance, extension of benefits, employment assistance programs and contract termination costs; charges for other expense of $5,345 related to net losses on disposal of certain restructured operations and the release of cumulative currency translation adjustments; and an income tax return-to-provision true-up of $1,683 related to foreign tax credits. * Acquisition and Divestiture Expenses: Charges of $1,842 incurred primarily in connection with the divestiture of the Company’s business in Australia and other held for sale operations. Selected Segment Financial Highlights  Quarter Ended September 30, 2020 Quarter Ended September 30, 2019  (in thousands)As Reported (GAAP)Adjustments (1)As Adjusted (Non-GAAP) As Reported (GAAP)Adjustments (2)As Adjusted (Non-GAAP) Revenues:        Infrastructure Solutions$        152,102 $        — $        152,102  $        156,087 $        — $        156,087  Corrosion Protection         60,986                  —          60,986           75,901          —          75,901  Energy Services         62,796                  —          62,796           76,801          —          76,801  Total Revenues$        275,884 $        — $        275,884  $        308,789 $        — $        308,789           Gross Profit:        Infrastructure Solutions$        41,358 $        — $        41,368  $        39,569 $        (30)$        39,539  Gross Profit Margin         27.2%          27.2%          25.4%          25.3% Corrosion Protection         13,432                  1,830          15,262           17,232          (3)         17,229  Gross Profit Margin         22.0%          25.0%          22.7%          22.7% Energy Services         5,470                  —          5,470           9,991          —          9,991  Gross Profit Margin         8.7%          8.7%          13.0%          13.0% Total Gross Profit$        60,260 $        1,830 $        62,090  $        66,792 $        (33)$        66,759  Gross Profit Margin         21.8%          22.5%          21.6%          21.6%          Operating Income (Loss):        Infrastructure Solutions$        23,497 $        (175)$        23,322  $        18,376 $        1,710 $        20,086  Operating Margin         15.4%          15.3%          11.8%          12.9% Corrosion Protection         (1,357)                 4,520          3,163           2,362          834          3,196  Operating Margin         (2.2)%          5.2%          3.1%          4.2% Energy Services         (41,701)                 40,299          (1,402)          2,257          139          2,396  Operating Margin         (66.4)%          (2.2)%          2.9%          3.1% Corporate         (7,679)                 1,177          (6,502)          (8,346)         2,421          (5,925) Operating Margin         (2.8)%          (2.4)%          (2.7)%          (1.9)% Total Operating Income (Loss)$        (27,240)$        45,821 $        18,581  $        14,649 $        5,104 $        19,753  Operating Margin         (9.9)%          6.7%          4.7%          6.4% (1)  Includes non-GAAP adjustments related to: * Infrastructure Solutions \- (i) pre-tax restructuring charges associated with severance and benefit related costs, wind-down costs and other restructuring charges; and (ii) expenses incurred in connection with the divestitures of Australia and Spain. * Corrosion Protection - pre-tax restructuring charges associated with severance and benefit related costs, contract termination costs, wind-down costs, fixed asset disposals and other restructuring charges. * Energy Services - (i) pre-tax restructuring charges associated with severance and benefit related costs, contract termination costs, fixed asset disposals and other restructuring charges; and (ii) goodwill impairment charges. * Corporate \- (i) pre-tax restructuring charges primarily associated with severance and benefit related costs and legal expenses; and (ii) divestiture expenses related to Australia and Spain and other acquisition and divestiture activities.(2)  Includes non-GAAP adjustments related to: * Infrastructure Solutions \- (i) pre-tax restructuring charges associated with severance and benefit related costs, contract termination costs and other restructuring charges; and (ii) expenses incurred in connection with the divestiture of the CIPP business in Australia. * Corrosion Protection - (i) pre-tax restructuring charges associated with severance and benefit related costs, contract termination costs and other restructuring charges, and (ii) acquisition and divestiture expenses. * Energy Services - pre-tax restructuring charges associated with severance and benefit related costs and other restructuring charges. * Corporate \- (i) pre-tax restructuring charges primarily associated with severance and benefit related costs and legal expenses; and (ii) acquisition and divestiture expenses related to held for sale entities. About Aegion Corporation (NASDAQ: AEGN)Aegion combines innovative technologies with market-leading expertise to maintain, rehabilitate and strengthen infrastructure around the world. For nearly 50 years, the Company has played a pioneering role in finding innovative solutions to rehabilitate aging infrastructure, primarily pipelines in the wastewater, water, energy, mining and refining industries. Aegion also maintains the efficient operation of refineries and other industrial facilities. Aegion is committed to Stronger. Safer. Infrastructure.® More information about Aegion can be found at www.aegion.com.Forward-Looking StatementsThe Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Aegion’s forward-looking statements in this news release represent its beliefs or expectations about future events or financial performance. These forward-looking statements are based on information currently available to Aegion and on management’s beliefs, assumptions, estimates or projections and are not guarantees of future events or results. When used in this document, the words “anticipate,” “estimate,” “believe,” “plan,” “intend, “may,” “will” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Such statements are subject to known and unknown risks, uncertainties and assumptions, including those referred to in the “Risk Factors” section of Aegion’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission on March 2, 2020, and in subsequently filed documents, and, in particular, the impact of the current COVID virus outbreak and the evolving response thereto both on the Company generally and on other risks described therein. In light of these risks, uncertainties and assumptions, the forward-looking events may not occur. In addition, Aegion’s actual results may vary materially from those anticipated, estimated, suggested or projected. Except as required by law, Aegion does not assume a duty to update forward-looking statements, whether as a result of new information, future events or otherwise. Investors should, however, review additional disclosures made by Aegion from time to time in Aegion’s filings with the Securities and Exchange Commission. Please use caution and do not place reliance on forward-looking statements. All forward-looking statements made by Aegion in this news release are qualified by these cautionary statements.Information regarding the impact of the Tax Cuts and Jobs Act consists of estimates which are forward looking and subject to change. The Company anticipates additional guidance, both at the federal and state level, to be forthcoming in 2020.  As such, the impacts of the legislation may differ from current estimates, interpretations and assumptions, possibly materially, and the amount of the impact on the Company may accordingly be adjusted over the course of 2020.About Non-GAAP Financial MeasuresAegion has presented certain information in this release excluding certain items that impacted income, expense and earnings per share. The adjusted earnings per share in the quarters and nine months ended September 30, 2020 and 2019 exclude charges related to the Company’s restructuring activities, acquisition and divestiture-related expenses, goodwill and indefinite-lived intangible asset impairment, impairment of assets held for sale, project warranty accruals, credit facility amendment fees and impacts related to the Tax Cuts and Jobs Act.Aegion management uses such non-GAAP information internally to evaluate financial performance for Aegion’s operations because Aegion’s management believes such non-GAAP information allows management to more accurately compare Aegion’s ongoing performance across periods. As such, Aegion’s management believes that providing non-GAAP financial information to Aegion’s investors is useful because it allows investors to evaluate Aegion’s performance using the same methodology and information used by Aegion management.Aegion® and Stronger. Safer. Infrastructure.® and the associated logos are the registered trademarks of Aegion Corporation and its affiliates.CONTACT:         Aegion Corporation David F. Morris, Executive Vice President and Chief Financial Officer (636) 530-8000