Canadian Pacific announces improved 3Q 2012 results
(Source: Canadian Pacific Railway press release, October 24, 2012)
CALGARY, Alberta — Canadian Pacific Railway Limited today announced its third-quarter 2012 results with reported net income of $224 million, an increase of $37 million, or 20 percent and diluted earnings per share of $1.30, an increase of $0.20, or 18 percent, when compared to third-quarter 2011.
Visit the CP Rail website to download Q3 2012 Earnings Release and Financial Reports (PDF).
For the nine months of 2012 Canadian Pacific’s net income was $469 million, an increase of $120 million, or 34 percent and diluted earnings per share of $2.72, an increase of $0.68, or 33 percent, when compared to the same period last year.
E. Hunter Harrison, President and Chief Executive Officer said, “Momentum is building at Canadian Pacific. We have implemented new services; closed terminals and certain yard operations; and we’ve put a new leadership team in place. The team has made significant progress on operational improvements, controlling costs and on delivering results. And this is just the beginning.”
THIRD-QUARTER 2012 RESULTS COMPARED WITH THIRD-QUARTER 2011
• Total revenues were $1.5 billion, an increase of $110 million or 8 percent
• Operating expenses were $1.1 billion, an increase of $58 million or 6 percent
• Operating income was $376 million, an increase of $52 million or 16 percent
• Operating ratio was 74.1 percent, an improvement of 170 basis points
Conference Call Information
CP will discuss its results with analysts in a conference call beginning at 11:00 a.m. Eastern time (9:00 a.m. Mountain time) on October 24, 2012.
Conference call access
Toronto participants dial in number: (647) 427-7452
Operator assisted toll free dial in number: 1-888-231-8193
Callers should dial in 10 minutes prior to the call
For those with Internet access we encourage you to listen via CP’s website at www.cpr.ca. To access the webcast and the presentation material, click on “Invest In CP” tab.
Friday, October 26, 2012
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