CPKC Reports First-Quarter Results

Canadian Pacific Kansas City (CPKC) announced its first-quarter results, including revenues of $3.5 billion, diluted earnings per share (EPS) of $0.83 and core adjusted combined diluted EPS^{1, 2} of $0.93.

“One year into our historic combination, I am proud of what our dedicated family of railroaders has accomplished as we deliver on the benefits of our unrivalled network – spurring competition, increasing safety and connecting more markets for our customers,” said Keith Creel, CPKC President and Chief Executive Officer. “Today’s results show the success of our efforts to drive growth as the only railway connecting Canada, the United States and Mexico.”

First-quarter 2024 results¹

• Reported operating ratio (OR) increased by 400 basis points to 67.4 percent from 63.4 percent in Q1 2023
• Core adjusted combined OR² increased 50 basis points to 64.0 percent from 63.5 percent in Q1 2023
• Reported diluted EPS decreased to $0.83 from $0.86 in Q1 2023
• Core adjusted combined diluted EPS² increased three percent to $0.93 from $0.90 in Q1 2023
• Volumes, as measured in Revenue Ton-Miles³ (RTMs), increased one percent on a combined basis
• Federal Railroad Administration (FRA)-reportable train accident frequency increased to 0.89 from 0.71 in Q1 2023 on a combined basis⁴
• FRA-reportable personal injury frequency increased to 1.15 from 1.12 in Q1 2023 on a combined basis⁴

“We exited last year with strong momentum and our performance in the first quarter, combined with an improving demand environment, has us well positioned to deliver on our 2024 guidance,” Creel added. “As we enter the second year of our forever story, we are focused on safely executing on the unique and undeniable opportunities this franchise creates and delivering long-term value for our employees, customers and shareholders.”

For full first quarter results click here.

About Canadian Pacific Kansas City

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf of México to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpkcr.com to learn more about the rail advantages of CPKC. CP-IR

Contact:

Media – mediarelations@cpkcr.com

Source: Canadian Pacific Kansas City Limited