SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
JULY 21, 2003
KANSAS CITY SOUTHERN
(Exact name of company as specified in its charter)
DELAWARE 1-4717 44-0663509
---------------------------- ------------------ ----------------------
(State or other jurisdiction (Commission file (IRS Employer
of incorporation) number) Identification Number)
427 WEST 12TH STREET, KANSAS CITY, MISSOURI 64105
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(Address of principal executive offices) (Zip Code)
COMPANY'S TELEPHONE NUMBER, INCLUDING AREA CODE:
(816) 983 - 1303
NOT APPLICABLE
(Former name or former address if changed since last report)
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
EXHIBIT NO. DOCUMENT
(99) Additional Exhibits
99.1 Press Release issued by Kansas
City Southern dated July 21,
2003 entitled, "Kansas City
Southern Anticipates Lower
Second Quarter Earnings," is
attached hereto as Exhibit 99.1
ITEM 9. REGULATION FD DISCLOSURE
Kansas City Southern ("KCS" or "Company") is furnishing under Item 9 of this
Current Report on Form 8-K the information included as Exhibit 99.1 to this
report. Exhibit 99.1 is the KCS news release, dated July 21, 2003, announcing
that the Company anticipates its Second Quarter 2003 consolidated earnings will
be significantly below the consensus estimates. The information included in this
Current Report on Form 8-K, including Exhibit 99.1, is furnished pursuant to
Item 9 and shall not be deemed to be "filed" for the purposes of Section 18 of
the Securities Exchange Act of 1934 or otherwise subject to the liabilities of
that Section.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly caused this Report to be signed on its behalf by the undersigned
hereunto duly authorized.
Kansas City Southern
Date: July 22, 2003 By: /S/ LOUIS G. VAN HORN
---------------------------------
Louis G. Van Horn
Vice President and Comptroller
(Principal Accounting Officer)
EXHIBIT 99.1
KANSAS CITY SOUTHERN PRESS RELEASE
Cathedral Square - 427 West 12TH Street - P.O. Box 219335
Kansas City, Missouri 64121-9335 NYSE SYMBOL: KSU
Date: July 21, 2003
Media Contact: William H. Galligan Phone: 816/983-1551
william.h.galligan@kcsr.com
KANSAS CITY SOUTHERN ANTICIPATES LOWER SECOND QUARTER EARNINGS
Kansas City Southern (KCS) (NYSE: KSU) announced today that it anticipates
its Second Quarter 2003 consolidated earnings will be significantly below
current consensus estimates. The primary factors contributing to missing
consensus were lower earnings from Grupo TFM, which were heavily impacted by
U.S. GAAP deferred tax provisions primarily tied to the strengthened Mexican
peso versus the U.S. dollar and lower future Mexican corporate tax rates,
and lower U.S. operating income compared to Second Quarter 2002 resulting
from higher fuel, insurance and casualty related costs.
The current First Call Second Quarter 2003 earnings per share consensus
estimate for KCS is $0.19. KCS anticipates its earnings per share will be
reported in the low single cents per share.
KCS expects to release its Second Quarter earnings before the opening of
trading in the NYSE on Wednesday, July 30, 2003. KCS management will discuss
the company's Second Quarter earnings and operating performance at a
conference beginning at 1:00 EDT, July 30, at the JPMorgan Building, 270
Park Avenue, 50th floor, New York, NY. Those unable to attend can listen to
the presentation via telephone by calling 1-800/955-1795 (U.S. & Canada) or
1-706/643-0096 (International). A replay of the presentation will be
available for one week after by calling 1-800/642-1687 (U.S. and Canada) or
1-706/645-9291 (International), and providing the conference I.D.: 1599169.
The accompanying visuals to the presentation will be available on the KCS
website, www.kcsi.com on July 30 prior to the conference.
KCS is comprised of, among others, The Kansas City Southern Railway (KCSR)
and equity investments in Grupo TFM, Southern Capital and the Panama Canal
Railway Company.
THIS PRESS RELEASE INCLUDES STATEMENTS CONCERNING POTENTIAL FUTURE EVENTS
INVOLVING THE COMPANY, WHICH COULD MATERIALLY DIFFER FROM THE EVENTS THAT
ACTUALLY OCCUR. THE DIFFERENCES COULD BE CAUSED BY A NUMBER OF FACTORS
INCLUDING THOSE IDENTIFIED IN A CURRENT REPORT ON FORM 8-K DATED DECEMBER
11, 2001 FILED BY THE COMPANY WITH THE SECURITIES AND EXCHANGE COMMISSION
(SEC) (COMMISSION FILE NO. 1-4717). THE COMPANY WILL NOT UPDATE ANY
FORWARD-LOOKING STATEMENTS IN THIS PRESS RELEASE TO REFLECT FUTURE EVENTS OR
DEVELOPMENTS.