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1/30/2025
Canadian Pacific Kansas City reported fourth-quarter 2024 revenue of C$3.9 billion, up from C$3.8 billion, and net income of C$1.2 billion, up from C$1 billion compared to Q3 2023.
The Class I reported Q4 diluted earnings per share (EPS) of $1.28 and a core adjusted EPS of $1.29, up from $1.10 a year ago.
CPKC posted an operating ratio (OR) of 59.7% compared to 61.8% in Q4 2023, and an adjusted OR of 57.1% versus 58.7%.
"Our team finished our first full year as a combined company strong, with volume growth, improved safety performance, and solid operational execution that allowed CPKC to deliver industry-leading earnings growth in 2024," said President and CEO Keith Creel in a press release.
For full-year 2024, CPKC reported total revenue of C$14.5 billion and net income of C$3.7 billion, compared to total revenue of C$12.6 billion and net income of C$3.9 billion in 2023.
"Looking forward to 2025, we expect another year of strong earnings growth consistent with CPKC's multi-year guidance provided at our 2023 Investor Day," Creel added. "We continue to do what we said we would do, staying focused on safety and growth. The opportunities ahead of us are unique as we have the team, the network and the capacity to deliver strong results for all stakeholders."
This year, the company expects mid-single digit volume growth as measured in revenue ton miles in and capital expenditures of C$2.9 billion.