Q4 2024 Canadian Pacific Kansas City Ltd Earnings Call Transcript
Key Points
- Canadian Pacific Kansas City Ltd (CP) reported a 3% increase in quarterly revenues to $3.9 billion and a 5% increase in full-year revenues to $14.5 billion.
- The company achieved a 160 basis point improvement in its operating ratio for the quarter, reaching 57.1%, and a 70 basis point improvement for the full year.
- CPKC was named GM Supplier of the Year for finished vehicles in 2024, highlighting its strong performance in the automotive sector.
- The company completed the construction of the second span of the Laredo Bridge, enhancing capacity and efficiency at the U.S.-Mexico border.
- CPKC achieved a 26% year-over-year improvement in personal injury frequency and led the industry with the lowest train accident frequency among Class 1 railroads.
- The company faced challenges such as work stoppages at the Port of Vancouver and adverse winter weather conditions, impacting operations.
- Potash revenues declined by 4% due to a 7% volume decline, affected by strikes and weather conditions.
- Coal revenue decreased by 3% with an 8% decline in volume, driven by a customer outage and weather impacts.
- International Intermodal volumes were down 1%, primarily due to labor disruptions at the Port of Vancouver.
- The company anticipates uncertainties in macroeconomic conditions and trade policies, which could impact future growth.
Good afternoon. My name is Margo, and I'll be your conference operator today. At this time, I'd like to welcome everyone to CPKC's Fourth Quarter and Full Year 2024 Conference Call. The slides accompanying today's call are available at investor.cpkcr.com. (Operator Instructions) I would now like to introduce Chris de Bruyn, Vice President, Capital Markets, to begin the conference call.
Thank you, Margo. Good afternoon, everyone, and thank you for joining us today. Before we begin, I want to remind you this presentation contains forward-looking information. Actual results may differ materially. The risks, uncertainties and other factors that could influence actual results are described on Slide 2 and in the earnings press release filed with Canadian and U.S.
regulators. This presentation also sustains non-GAAP measures outlined on Slide 3. Please note, in addition to our regular quarterly financials, their supplemental Q4 and full year combined revenue and operating performance
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
