CPKC reports strong Q4 earnings, forecasts growth for 2025
CPKC reports strong Q4 earnings, forecasts growth for 2025

CPKC reports strong Q4 earnings, forecasts growth for 2025

News summary

Canadian Pacific Kansas City (CPKC) reported a strong financial performance for the fourth quarter of 2024, with revenues increasing to C$3.9 billion, up from C$3.8 billion in Q4 2023. The diluted earnings per share rose to $1.28, marking an improvement from $1.10 a year earlier. The company's operating ratio improved to 59.7%, down from 61.8%, indicating enhanced operational efficiency. CPKC's president, Keith Creel, highlighted the successful integration of the company following its merger, with notable growth in grain shipments. For the full year, the company anticipates mid-single-digit volume growth and significant capital expenditures of C$2.9 billion in 2025. Overall, CPKC's results reflect solid performance in its key segments, despite a decline in container cargo.

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