Canadian Pacific Kansas City (CPKC) announced its third-quarter 2024 financial results on October 23, 2024, reporting revenues of $3.5 billion. The company achieved diluted earnings per share (EPS) of $0.90 and core adjusted combined diluted EPS of $0.99, demonstrating solid performance.
CPKC President and CEO Keith Creel stated that the company delivered strong operational performance across its North American network, despite facing several temporary headwinds during the quarter. Management expressed pride in the team's ability to overcome challenges and deliver on guidance.
Looking ahead, CPKC continues to expect its Revenue Ton-Miles (RTMs) to increase mid-single digits compared to 2023 on a combined basis. The company also reaffirmed its guidance for 2024 core adjusted combined diluted EPS to grow double digits versus the 2023 figure of $3.84, signaling confidence in future growth.
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