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Union Pacific Reports Best-Ever Quarterly and Full Year Results
FOR IMMEDIATE RELEASE
Best-Ever Quarterly Records
Diluted earnings per share of $2.55 improved 16 percent.
Operating revenues totaled more than $5.6 billion, up 7 percent.
Operating income totaled $1.97 billion, up 14 percent.
2013 Full Year Records
Diluted earnings per share of $9.42 improved 14 percent.
Operating revenues totaled $21.96 billion, up 5 percent.
Operating income totaled $7.4 billion, up 10 percent.
Operating ratio of 66.1 percent improved 1.7 points.
Omaha, Neb., January 23, 2014 Union Pacific Corporation (NYSE: UNP) today reported net income of $1.2 billion, or $2.55 per diluted share, for the fourth quarter 2013 compared to $1 billion, or $2.19 per diluted share, in the fourth quarter 2012.
For the first time in six quarters, we reported overall volume growth, despite significantly weaker coal shipments. It highlights the strength of our diverse franchise, the extensive network reach we have to various markets, and a strong grain harvest, said Jack Koraleski, Union Pacific chief executive officer. Volume growth, combined with solid core pricing gains and our continued focus on safety, service, and efficiency, generated a record fourth quarter operating ratio of 65.0 percent. The fourth quarter wrapped up another tremendous year for Union Pacific, with our overall financial performance exceeding all previous milestones.
The following information was filed by Union Pacific Corp (UNP) on Thursday, January 23, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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