Canadian Pacific Railway Limited announced its third-quarter 2022 results, including revenues of $2.31 billion, reported operating ratio (“OR”) of 59.5 percent, adjusted OR1 of 58.7 percent, reported diluted earnings per share (“EPS”) of $0.96 and core adjusted diluted EPS1 of $1.01.

Third-quarter highlights

• Revenues increased by 19 percent to $2.31 billion from $1.94 billion last year
• Reported OR improved by 70 basis points to 59.5 percent from 60.2 percent last year
• Adjusted OR¹ improved by 70 basis points to 58.7 percent from 59.4 percent last year
• Reported diluted EPS was $0.96, a 37 percent increase from last year
• Core adjusted diluted EPS¹, excluding significant items and Kansas City Southern (“KCS”) purchase accounting, was $1.01, a 15 percent increase from last year
• Federal Railroad Administration (“FRA”) – reportable train accident frequency decreased 76 percent to a record-low 0.37 from 1.54 in Q3 2021. FRA-reportable personal injury frequency declined 12 percent to 0.86 from 0.98² in Q3 2021.

-via Press Release