Canadian National Railway Stock Price, News & Analysis

Doug MacDonald, Executive Vice-President and Chief Marketing Officer of CN, is set to speak at the J.P. Morgan’s 2023 Industrials Conference on March 15, 2023, at 8:50 a.m. ET. Investors can watch the live webcast on CN's investor relations page, with a replay available post-event. CN is a leading transportation company, crucial for North America's economy, moving over 300 million tons of goods annually through its extensive 18,600-mile rail network. Since its founding in 1919, CN has focused on community prosperity, social responsibility, and environmental stewardship.

CN Achieves Record Grain Movement in February 2023

On March 1, 2023, CN (CNI) announced that February 2023 marked the best February for Western Canadian grain movement, with over 2.4 million metric tonnes shipped, surpassing the previous record by 200,000 metric tonnes. This achievement is attributed to enhanced collaboration across the supply chain, allowing CN to effectively manage operational challenges, including extreme cold conditions. The strategic focus on communication among partners has significantly improved performance, setting a new benchmark for future operations.

CN has raised a record C$2.19 million through its Employees' and Pensioners' Community Fund for charitable initiatives, marking a significant milestone in its 2023 fundraising campaign. This amount will support approximately 580 charities focused on health, community wellbeing, and humanitarian aid across Canada and the U.S. The campaign saw strong participation from both employees and external contributors, highlighted by various fundraising events. Over the past decade, the Fund has contributed more than C$19 million to charitable causes, showcasing CN's commitment to community support and social responsibility.

CN will participate in two investor conferences this February, featuring Tracy Robinson, CEO, at the Citi 2023 Global Industrials Conference on February 21 at 8:50 a.m. ET, and Ghislain Houle, CFO, at the Barclays 2023 Industrial Select Conference on February 22 at 8:00 a.m. ET. Investors can view a live webcast on the Investors section of CN's website with a replay available post-event. As a leader in transportation, CN moves over 300 million tons of goods across a vast rail network, playing a crucial role in economic trade and community support.

CN (TSX: CNR, NYSE: CNI) has filed its 2022 Annual Financial Statements, along with related documents, with Canadian and U.S. securities regulators. These documents are accessible in the Investor section of CN's website. Printed copies are available to shareholders at no cost upon request. CN is a major transportation leader, moving over 300 million tons of goods across North America annually via its extensive 18,600-mile rail network. The company's continued commitment to social responsibility and environmental stewardship is highlighted, reinforcing its role in economic and community support since 1919.

On January 24, 2023, CN (CNI) announced a new normal course issuer bid allowing the repurchase of up to 32 million shares, approximately 4.8% of its outstanding shares, for a total of C$4 billion. This buyback reflects the company's strong cash flow and commitment to returning value to shareholders, coinciding with an 8% increase in its 2023 dividend to C$0.79 per share, payable on March 31, 2023. The bid will run from February 1, 2023, to January 31, 2024. As of January 18, 2023, CN had already bought back nearly 31 million shares under the previous bid, demonstrating effective capital management.

CN (NYSE: CNI) reported strong financial results for Q4 and full-year 2022, with revenues of C$4.54 billion, up 21%, and diluted EPS of C$2.10, reflecting a 24% increase year-over-year. Operating income also grew by 22%, driven by higher freight rates and increased volumes. The operating ratio remained stable at 57.9%. Despite challenges from a softening economy, CN anticipates low single-digit EPS growth in 2023. The Board approved an 8% dividend increase, marking 27 consecutive years of rising dividends. Additionally, CN initiated a new share repurchase program to buy back up to 32 million shares over the next year.

CN (TSX: CNR) (NYSE: CNI) will release its fourth-quarter and full-year 2022 financial results after market close on January 24, 2023. A conference call led by Tracy Robinson, CN President and CEO, is scheduled for 4:30 p.m. Eastern Time the same day to review these results and discuss the company's outlook.

Participants can join the call by dialing 1-800-806-5484 (Canada/U.S.) or 1-416-340-2217 (International) using the passcode 9915772#. A live webcast will be available on CN's Investors website, with a replay accessible afterward.

CN (TSX: CNR) (NYSE: CNI) is set to announce its fourth-quarter and full-year 2022 financial results post-market on January 24, 2023. The conference call will begin at 4:30 p.m. ET, led by Tracy Robinson, CN's President and CEO.

Participants can call in at 1-800-806-5484 for Canada/U.S. or 1-416-340-2217 internationally, with the passcode 9915772#. A live webcast and supporting slides will be available on CN's Investors website, with a replay after the call.