CALGARY, AB, July 9, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) will release its second-quarter 2024 financial and operating results after the market close on July 30, 2024. CPKC will discuss its results with the financial community in a conference call beginning at 4:30 p.m. ET (2:30 p.m. MT) on July 30, 2024. Conference Call Access Canada and U.S.: 800-225-9448 International: 203-518-9708 *Conference ID: CPKCQ224 Callers should dial in 10 minutes prior to the call.   Webc ...

Jonathan Kitchen Introduction I have been looking forward to writing this article, as I get to present two stocks that I recently spent a considerable amount of capital on - one of them is a new addition to what is now a 21-stock dividend growth portfolio! As most of my readers may know, I don't invest on a regular basis. In general, my transaction count is very low. While it makes sense for most investors to put a set amount into well-diversified ETFs on a regular basis (i.e., $500 a month), I am apply ...

JACKSONVILLE, Fla., May 30, 2024 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT), through its operating subsidiary Duos Technologies, Inc., a provider of Machine Vision and Artificial Intelligence ("AI") to analyze fast moving freight, passenger and transit trains and trucks, has entered into a three-year agreement with Canadian Pacific Kansas City (CPKC) (NYSE:CP) (TSX:CP) allowing CPKC to use Duos developed Artificial Intelligence Solutions for mechanical inspecti ...

CALGARY, AB, May 2, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) Executive Vice-President and Chief Marketing Officer John Brooks will address the 2024 Bank of America Transportation, Airlines and Industrials Conference on May 15, 2024, at 08:45 a.m. ET. CPKC will provide access to the live audio webcast at investor.cpkcr.com. A replay will also be available following the conclusion of the event. About Canadian Pacific Kansas City With its global headquarters in Calgary, Al ...

CALGARY, AB, May 1, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) President and Chief Executive Officer Keith Creel will address the 2024 RBC Capital Markets Canadian Industrials Conference on May 14, 2024, at 10:55 a.m. ET. CPKC will provide access to the live audio webcast at investor.cpkcr.com. A replay will also be available following the conclusion of the event. About Canadian Pacific Kansas City With its global headquarters in Calgary, Alta., Canada, CPKC is the first ...

Canadian Pacific Kansas City Limited (CP) reported first-quarter 2024 earnings (excluding 7 cents from non-recurring items) per share of 69 cents, which missed the Zacks Consensus Estimate of 70 cents. However, the bottom line increased 9.5% year over year. Quarterly revenues of $2.61 billion surpassed the Zacks Consensus Estimate of $2.59 billion and improved 0.8% year over year.Freight revenues, contributing 97.4% to the top line, rose 54.6% on a year-over-year basis. We had expected the metric to jump 55 ...

CALGARY, AB, April 24, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today announced the results of the 2024 annual meeting held earlier today, including the election of all 11 nominees listed in the management proxy circular dated March 21, 2024, as directors of CPKC. All directors received at least 96.21 percent of votes cast. The advisory vote on executive compensation (Say on Pay) received 94.05 percent approval. The advisory vote on approach to climate change (Say on Clim ...

Financial Data and Key Metrics Changes - The first quarter produced revenues of $3.5 billion, an increase of 2% year-over-year, with a core EPS of $0.93, up 3% [11][31] - The operating ratio was reported at 67.4%, with a core adjusted combined operating ratio of 64%, reflecting a 50 basis points increase compared to the previous year [31][11] - Cash provided by operating activities was $1.15 billion, with adjusted combined free cash flow of $555 million in the quarter [35][31] Business Line Data and Key Metrics Changes - Freight revenue growth was 1% on 1% RTM growth, with carloads down 3% [21][22] - In the bulk segment, grain revenues increased by 2% driven by a 19% growth in U.S. grain volumes, while Canadian grain volumes decreased by 15% [22][23] - Potash revenues were up 4% on 2% volume growth, while coal revenue and volume declined by 7% due to weather impacts [24][25] - Automotive volumes increased by 8% and revenues by 10%, although results were below expectations due to production holds [27] Market Data and Key Metrics Changes - The intermodal segment saw a 1% decline in revenue despite a 7% increase in volume, with international intermodal volumes up 14% [28] - The port of Lazaro Cardenas experienced over 40% year-over-year growth in TEUs through February [28] - The domestic intermodal volumes remained flat, but the Mexico Midwest Express service showed strong performance with over 24% growth in weekly volumes since February [29] Company Strategy and Development Direction - The company aims to be the most relevant rail network in North America, focusing on competition and service efficiency [15] - Strategic investments in safety and capacity are prioritized, with a capital investment plan of approximately $2.75 billion for 2024 [35][20] - The company is focused on building a value proposition for customers, emphasizing the reliability and service quality of its operations [55] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's performance despite potential challenges, including labor negotiations and macroeconomic uncertainties [52][44] - The company is prepared for various outcomes related to labor negotiations, with a focus on maintaining operational efficiency [49][44] - There is cautious optimism regarding volume growth, with expectations for a strong second quarter despite potential headwinds from grain volumes [30][56] Other Important Information - The company has made significant progress on synergy targets, with expectations to double revenue synergies and maintain cost synergies [63] - Moody's upgraded the company's credit rating outlook from stable to positive during the quarter [35] Q&A Session Summary Question: Impact of Chinese imports on Lazaro and new services - Management noted steady growth at Lazaro, with a mix of truck and rail volumes, primarily intra-Mexico, and expects continued volume growth [38][40] Question: Update on TCRC union negotiations - Management discussed ongoing negotiations, expressing cautious optimism but acknowledging the potential for a strike if no agreement is reached by May 19 [42][44] Question: Volume guidance and macroeconomic outlook - Management indicated a responsibly conservative volume guidance, with potential upside depending on macroeconomic conditions and labor negotiations [52][56] Question: Pricing environment and service-related pricing opportunities - Management emphasized the value proposition of their service and the disciplined pricing approach, with expectations for continued pricing improvements [55][58] Question: Synergy targets and operating ratio performance - Management confirmed they are on track with synergy targets and expect sequential improvements in the operating ratio [63][66]

For the quarter ended March 2024, Canadian Pacific Kansas City (CP) reported revenue of $2.61 billion, up 55.8% over the same period last year. EPS came in at $0.69, compared to $0.63 in the year-ago quarter.The reported revenue represents a surprise of +0.84% over the Zacks Consensus Estimate of $2.59 billion. With the consensus EPS estimate being $0.70, the EPS surprise was -1.43%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...

Canadian Pacific Kansas City (CP) came out with quarterly earnings of $0.69 per share, missing the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.43%. A quarter ago, it was expected that this railroad would post earnings of $0.83 per share when it actually produced earnings of $0.87, delivering a surprise of 4.82%.Over the last four quarters, t ...