Canadian Pacific Kansas City Ltd

CP: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Canadian Pacific Earnings: Work Stoppage a Temporary Headwind as Merger Synergies Continue to Ramp

Matthew Young

Oct 24, 2024

Wide-moat Canadian Pacific Kansas City's third-quarter revenue grew 6% year over year despite the Canadian railroad work stoppage in August. Revenue met our forecast, which is impressive considering that we were not baking in much labor disruption. The stoppage did drive profitability below our expected run rate, but we expect a solid rebound in the fourth quarter.

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Canadian Pacific Kansas City Ltd

Canadian Pacific Earnings: Work Stoppage a Temporary Headwind as Merger Synergies Continue to Ramp

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