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]

Core Insights - Canadian Pacific Kansas City (CP) reported a revenue of $2.61 billion for the quarter ended March 2024, reflecting a year-over-year increase of 55.8% [1] - The earnings per share (EPS) for the quarter was $0.69, slightly up from $0.63 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate by 0.84%, while the EPS fell short of the consensus estimate by 1.43% [1] Financial Performance Metrics - Adjusted Operating Ratio was reported at 64%, higher than the estimated 62.6% [2] - Total carloads were 1,072.6 thousand, below the average estimate of 1,101 thousand [2] - Carloads for Intermodal were 412.1 thousand, compared to the estimate of 424 thousand [2] - Carloads for Automotive were 55.7 thousand, slightly above the estimate of 55.48 thousand [2] - Carloads for Grain were 132.3 thousand, below the estimate of 136.52 thousand [2] - Carloads for Metals, Minerals, and Consumer Products were 129.7 thousand, exceeding the estimate of 127.77 thousand [2] - Carloads for Potash were 37 thousand, below the estimate of 42.54 thousand [2] - Carloads for Fertilizers and Sulphur were 17.2 thousand, slightly below the estimate of 17.41 thousand [2] - Carloads for Forest Products were 35.9 thousand, below the estimate of 36.72 thousand [2] - Carloads for Energy, Chemicals, and Plastics were 144.5 thousand, above the estimate of 141.3 thousand [2] - Carloads for Coal were 108.2 thousand, below the estimate of 119.26 thousand [2] - Revenue ton miles (RTMs) totaled 51,838 million, slightly above the estimate of 51,771.98 million [2] Stock Performance - Shares of Canadian Pacific Kansas City have returned +0.5% over the past month, outperforming the Zacks S&P 500 composite, which declined by -3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

分组1 - Canadian Pacific Kansas City reported quarterly earnings of $0.69 per share, missing the Zacks Consensus Estimate of $0.70 per share, but showing an increase from $0.63 per share a year ago, resulting in an earnings surprise of -1.43% [1] - The company posted revenues of $2.61 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 0.84%, and compared to year-ago revenues of $1.68 billion [1] - Over the last four quarters, Canadian Pacific Kansas City has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [1] 分组2 - The stock has gained about 11% since the beginning of the year, outperforming the S&P 500's gain of 6.3% [2] - The current consensus EPS estimate for the coming quarter is $0.75 on revenues of $2.59 billion, and for the current fiscal year, it is $3.20 on revenues of $10.74 billion [4] - The Zacks Industry Rank for Transportation - Rail is currently in the bottom 33% of over 250 Zacks industries, indicating potential challenges for stock performance [5]