“CPKC’s Q2 net income rises above $1B”
July 28, 2023
“”…Revenues for the second quarter were nearly CA$3.2 billion (US$2.4 billion), up 44% year over year (y/y), CPKC said Thursday afternoon. The y/y figure reflects CP’s results in the second quarter of 2022. Canadian Pacific and Kansas City Southern completed their merger in April to become CPKC (NYSE: CP). Results are reported in Canadian dollars.
Net income was $1.3 billion, or $1.42 per diluted share, for the second quarter of 2023, compared with $765 million, or 82 cents per diluted share, for the second quarter of 2022.
Expenses were $2.2 billion, compared with $1.3 billion y/y.
Meanwhile, volumes fell 3% to 1.1 million carloads amid lower volumes for potash, fertilizer and sulfur, and forest products. Volumes for intermodal and energy, chemicals and plastics were also lower y/y…”
https://finance.yahoo.com/news/cpkc-q2-net-income-rises-215825306.html