Canadian Pacific Railway Limited (CP) Q1 2023 Earnings Call Transcript

Canadian Pacific Kansas City Limited (NYSE:CP) Q1 2023 Earnings Conference Call April 26, 2023 4:30 PM ET

Company Participants

Maeghan Albiston - Vice President, Investor Relations

Keith Creel - President and Chief Executive Officer

John Brooks - Executive Vice President and Chief Marketing Officer

Nadeem Velani - Executive Vice President and Chief Financial Officer

Mark Redd - Executive Vice-President and Chief Operating Officer

James Clements - Executive Vice President of Strategic Planning and Technology

Conference Call Participants

Fadi Chamoun - BMO

Ben Nolan - Stifel

Walter Spracklin - RBC Capital Markets

Konark Gupta - Scotia Capital

Chris Wetherbee - Citigroup

Jon Chappell - Evercore ISI

Scott Group - Wolfe Research

Tom Wadewitz - UBS

Ariel Rosa - Credit Suisse

Brandon Oglenski - Barclays

Amit Mehrotra - Deutsche Bank

Ken Hoexter - Bank of America

Operator

Good afternoon. My name is [Raisa] [ph] and I will be your conference operator today. At this time, I would like to welcome everyone to CPKC’s First Quarter 2023 Conference Call. The slides accompanying today’s call are available at investor.cpr.ca. All lines have been placed in mute to prevent any background noise. [Operator Instructions]

I would now like to introduce Maeghan Albiston, Vice President, Capital Markets to begin the conference.

Maeghan Albiston

Thank you, Raisa. Good afternoon, everyone and thank you for joining us today. Before we begin, I want to remind you that this presentation contains forward-looking information and actual results may differ materially. The risks, uncertainties, and other factors that could influence actual results are described on Slide 2 in our press release and in the MD&A filed with Canadian and U.S. regulators. This presentation will also contain non-GAAP measures which are outlined on Slide 3.

With me here today is Keith Creel, President and Chief Executive Officer; Nadeem Velani, Executive Vice President and Chief Financial Officer; John Brooks, Executive Vice President and Chief Marketing Officer; and Mark Redd, Executive Vice-President and Chief Operating Officer.

With that, I will hand things over to Keith.

Keith Creel

Thanks, Maeghan. Listen, it’s been a journey, but we’re finally here today. It’s an honor to speak for the first time as the CEO of the newly formed CPKC family. You know, it’s reflecting the last 11 days, 12 days that go by fast. We are not quite at the two week mark since we drove that historic final spike solidifying our combination, but I can tell you the energy and the passion and the pride that I’m seeing from employees across this entirely new formed network is energizing. For the conviction I have personally, for what this company would deliver for our customers, for our employees, and North American Commerce has never been greater.