Canadian Pacific Railway Limited   today announced its fourth-quarter results, including revenues of $2.04 billion, operating ratio (“OR”) of 59.2 percent, adjusted OR¹ of 57.5 percent, diluted earnings per share (“EPS”) of $0.74 and adjusted diluted EPS¹ of $0.95.

Fourth-quarter 2021 highlights

• Revenues increased 1 percent to $2.04 billion, from $2.01 billion in Q4 2020
• Reported OR increased by 530 basis points to 59.2 percent from 53.9 percent. The OR in the fourth quarter of 2021 includes $36 million in costs related to the Kansas City Southern acquisition
• Adjusted OR, which excludes the acquisition-related costs, increased 360 basis points to 57.5 percent
• Diluted EPS decreased to $0.74, from $1.19 in Q4 2020, while adjusted diluted EPS decreased to $0.95, from $1.01 in Q4 2020

“I am tremendously proud of the resilience the CP team demonstrated to deliver these results. CP’s world-class railroaders relied on our strong operating model and commitment to controlling what we can control to safely deliver for customers and shareholders despite the unique challenges faced in the quarter,” said Keith Creel, CP President and CEO.

“This quarter we also reached a crucial milestone in our journey to create the first single-line rail network linking the U.S., Mexico and Canada by combining with Kansas City Southern, which closed into voting trust Dec. 14,” said Creel.

Full-year 2021 highlights

• Federal Railroad Administration (“FRA”)-reportable personal injuries declined 17 percent to a record-low 0.92 from the previous record-low of 1.11 in 2020
• Revenues increased 4 percent to $8.0 billion, from $7.71 billion in 2020
• OR increased 280 basis points to 59.9 percent
• Adjusted OR increased 50 basis points to 57.6 percent
• Diluted EPS increased to $4.18 from $3.59, while adjusted diluted EPS increased to $3.76, from $3.53 in 2020

-via Press Release