Cpkc delivers strong fourth-quarter results; carrying momentum into 2024

Calgary, ab , jan. 30, 2024 /prnewswire/ - canadian pacific kansas city (tsx: cp) (nyse: cp) (cpkc) today announced its fourth-quarter results, including revenues of $3.8 billion, diluted earnings per share (eps) of $1.10 and core adjusted combined diluted eps1, 2 of $1.18. fourth-quarter 2023 results1 reported operating ratio (or) increased by 200 basis points to 61.8 percent from 59.8 percent in q4 2022 core adjusted combined or2 decreased 220 basis points to 58.7 percent from 60.9 percent in q4 2022 reported diluted eps decreased to $1.10 from $1.36 in q4 2022 core adjusted combined diluted eps2 increased to $1.18 from $1.14 in q4 2022 federal railroad administration (fra)-reportable train accident frequency declined 23 percent to 1.08 from 1.40 in q4 2022 on a combined basis3 fra-reportable personal injury frequency declined 15 percent to 1.10 from 1.29 in q4 2022 on a combined basis3 "i am proud of how our team of incredible railroaders finished this transformational year with a strong fourth quarter, allowing cpkc to deliver volume growth and best-in-class earnings growth in 2023," said keith creel, cpkc president and chief executive officer.
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