Canadian Pacific Kansas City (CP) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

Canadian Pacific Kansas City Limited (CP) is scheduled to report second-quarter 2024 results on Jul 30 after market close.CP has a mixed earnings surprise history, having surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missing twice. The average miss is 1.32%.Rising operating expenses are adversely impacting the company’s bottom line. This surge in operating expenses is primarily driven by the increase in labor costs and fuel costs, thereby hindering Canadian Pacific’s perfor ...

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 ...

Core Insights - Duos Technologies Group, Inc. has entered into a three-year agreement with Canadian Pacific Kansas City (CPKC) to utilize its AI solutions for mechanical inspections and operational efficiency in cross-border operations [1][2] - The agreement includes an Enterprise Subscription and Preventive Maintenance/Repair Service Agreement, establishing a new standard for collaboration in railway safety [2] Company Overview - Duos Technologies Group, Inc. is based in Jacksonville, Florida, and specializes in intelligent vision-based technology solutions for rail, logistics, intermodal, and government sectors [4] - The company focuses on automating mechanical and security inspections for fast-moving trains, trucks, and automobiles using proprietary hardware, software, and AI [4]

Group 1 - Canadian Pacific Kansas City (CPKC) will be represented by Executive Vice-President and Chief Marketing Officer John Brooks at the 2024 Bank of America Transportation, Airlines and Industrials Conference on May 15, 2024 [1] - CPKC is the first and only single-line transnational railway connecting Canada, the United States, and Mexico, providing extensive access to major ports across North America [2] - The railway spans approximately 20,000 route miles and employs around 20,000 railroaders, offering a wide range of freight transportation services and logistics solutions [2] Group 2 - CPKC aims to grow alongside its customers by providing supply chain expertise and unparalleled rail service across key markets in North America [2] - The company will provide a live audio webcast of the conference, with a replay available after the event [1]

Company Overview - Canadian Pacific Kansas City (CPKC) is the first and only single-line transnational railway linking Canada, the United States, and Mexico [2] - The company has a global headquarters in Calgary, Alberta, Canada [2] - CPKC operates approximately 20,000 route miles and employs 20,000 railroaders [2] Service and Network - CPKC provides unparalleled rail service and network reach to key markets across North America [2] - The railway offers a suite of freight transportation services, logistics solutions, and supply chain expertise [2] - CPKC has unrivaled access to major ports from Vancouver to Atlantic Canada, the Gulf of Mexico, and Lázaro Cárdenas, Mexico [2] Upcoming Events - President and CEO Keith Creel will address the 2024 RBC Capital Markets Canadian Industrials Conference on May 14, 2024, at 10:55 a.m. ET [1] - CPKC will provide access to a live audio webcast of the event, with a replay available afterward [1]

Core Insights - Canadian Pacific Kansas City Limited (CP) reported first-quarter 2024 earnings per share of 69 cents, missing the Zacks Consensus Estimate of 70 cents, but showing a year-over-year increase of 9.5% [1] - Quarterly revenues reached $2.61 billion, surpassing the Zacks Consensus Estimate of $2.59 billion, and improved by 0.8% year over year [1] - Freight revenues, which accounted for 97.4% of total revenues, increased by 54.6% year over year, with significant growth in various segments such as Coal (up 115%) and Automotive (up 112%) [1] Financial Performance - Total Freight revenues per revenue ton miles increased by 12% year over year, while total Freight revenues per carload declined by 2% year over year [2] - Operating income rose by 33.8%, but total operating expenses surged by 65% year over year, primarily due to increased labor and fuel costs [2] - The operating ratio deteriorated by 400 basis points to 67.4% from 63.4% in the previous year, indicating higher costs [2] Cash and Debt Position - At the end of the first quarter, cash and cash equivalents stood at C$519 million, up from C$464 million in the previous quarter, while long-term debt decreased to C$18.83 billion from C$19.35 billion [2] Future Outlook - Management anticipates core adjusted combined earnings for 2024 to grow in double digits from the 2023 figure of C$3.84 per share, with capital expenditures projected at C$2.75 billion [3] Industry Comparisons - Delta Air Lines reported first-quarter 2024 earnings of 45 cents per share, exceeding estimates and showing an 80% year-over-year increase, with revenues of $13.75 billion also surpassing expectations [4] - CSX Corporation's first-quarter 2024 earnings per share of 46 cents beat estimates but declined by 4% year over year, with total revenues of $3.68 billion slightly above expectations but down 1% year over year [4][5]

Group 1 - Canadian Pacific Kansas City (CPKC) held its 2024 annual meeting, where all 11 nominees for the board of directors were elected with at least 96.21% of votes cast in favor [1][2] - The advisory vote on executive compensation received 94.05% approval, while the advisory vote on the company's approach to climate change garnered 89.26% approval [1] - Ernst & Young LLP was appointed as the auditor with a 99.83% approval rate [1] Group 2 - Isabelle Courville was re-elected as a director and re-appointed as Chair of CPKC's Board of Directors [1] - The detailed voting results for each director showed high levels of support, with Keith E. Creel receiving 99.90% approval and Henry Maier receiving 96.21% approval [2] - CPKC operates as a single-line transnational railway connecting Canada, the United States, and Mexico, covering approximately 20,000 route miles and employing 20,000 railroaders [3]

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]