(Source: CPKC press release, October 23, 2024)
Canadian Pacific Kansas City (CPKC) today announced its third-quarter results, including revenues of $3.5 billion, diluted earnings per share (EPS) of $0.90 and core adjusted combined diluted EPS of $0.99.
Third-quarter 2024 results
- Revenues increased by six percent to $3.5 billion from $3.3 billion in Q3 2023
- Reported operating ratio (OR) increased by 120 basis points to 66.1 percent from 64.9 percent in Q3 2023
- Core adjusted combined OR1 increased by 120 basis points to 62.9 percent from 61.7 percent in Q3 2023
- Reported diluted EPS increased to $0.90 from $0.84 in Q3 2023
- Core adjusted combined diluted EPS1 increased eight percent to $0.99 from $0.92 in Q3 2023
- Volumes, as measured in Revenue Ton-Miles (RTMs), increased four percent
- Federal Railroad Administration (FRA)-reportable personal injury frequency decreased to 0.85 from 1.02 in Q3 20232
- FRA-reportable train accident frequency decreased to 1.27 from 1.38 in Q3 20232
Full story: www.cpkcr.com