Canadian Pacific Kansas City announced its third-quarter results, including revenues of $3.5 billion, diluted earnings per share of $0.90 and core adjusted combined diluted EPS of $0.99.
“During the third quarter, we delivered strong performance across the operations of our unrivaled North American network, despite dealing with a number of temporary headwinds,” CPKC President and Chief Executive Officer Keith Creel said in an announcement. “We continue to see strong revenue growth, uniquely enabled by this new network. With our commitment to operational excellence, safety and customer service, we are doing what we said we would do and generating value for all stakeholders.”
Third-quarter 2024 results
- Revenues increased by six percent to $3.5 billion from $3.3 billion in Q3 2023
- Reported operating ratio increased by 120 basis points to 66.1 percent from 64.9 percent in Q3 2023
- Core adjusted combined OR 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, increased four percent
- Federal Railroad Administration-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
