Canadian Pacific Kansas City Limited (NYSE:CP) Q3 2024 Earnings Call Transcript October 23, 2024 4:30 PM ET
Company Participants
Ashley Thorne - AVP, IR
Keith Creel - President and CEO
Mark Redd - EVP and COO
John Brooks - EVP and CMO
Nadeem Velani - EVP and CFO
Conference Call Participants
Chris Wetherbee - Wells Fargo
Walter Spracklin - RBC Capital Markets
Jon Chappell - Evercore ISI
Fadi Chamoun - BMO Capital Markets
Scott Group - Wolfe Research
Tom Wadewitz - UBS
Ken Hoexter - Bank of America
Brian Ossenbeck - JPMorgan
Steve Hansen - Raymond James
Ravi Shanker - Morgan Stanley
Benoit Poirier - Desjardins Capital Markets
Operator
Good afternoon. My name is Marjorie and I'll be your conference operator today. At this time, I would like to welcome everyone to CPKC's Third Quarter 2024 Conference Call. The slides accompanying today's call are available at investor.cpkcr.com. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] I would now like to introduce Ashley Thorne, AVP, Investor Relations, to begin the conference call.
Ashley Thorne
Thank you Marjorie. Good afternoon everyone and thank you for joining us today. Before we begin, I want to remind you this presentation contains forward-looking information. Actual results may differ materially. The risks, uncertainties, and other factors that could influence actual results are described on Slide 2 in the press release and in the MD&A filed with Canadian and US regulators. This presentation also contains non-GAAP measures outlined on Slide 3. Please note, in addition to our regular quarterly financials, there's supplemental Q3 combined revenue and operating performance data available at investor.cpkpr.com.
With me here today is Keith Creel, our President and Chief Executive Officer; Nadeem Velani, our Executive Vice President and Chief Financial Officer; John Brooks, our Executive Vice President and Chief Marketing Officer; and Mark Redd, our Executive Vice President and Chief Operating Officer.
The formal remarks will be followed by Q&A. In the interest of time, we would appreciate it if you limit your questions to one. It is now my pleasure to introduce our President and CEO, Mr. Keith Creel.
Keith Creel
Thank you, and good afternoon. Thanks for being with us today to discuss the review of third quarter ‘24 results. I'm pleased to share the results of our 20,000 strong CPKC family. I can tell you the body of work in what was a very challenging operational quarter with the significant derailment that Mark and the team faced in early July and the strike in August, both of which they did an exceptional job doing it. They bounced back and the network responded well as a result following up and get them back in sync. In spite of the challenges, I tell you, I'm proud to say we remain on track to deliver full year guidance, double-digit earnings growth, including volume growth, which is better than what we have projected earlier in the year.