Canadian Pacific Railway Limited today announced third-quarter revenues of $1.94 billion, diluted earnings per share (“EPS”) of $0.70, adjusted diluted EPS¹ of $0.88, an operating ratio (“OR”) of 60.2 percent and an adjusted OR¹ of 59.4 percent.

“The third quarter presented challenges across the supply chain, but the CP team’s commitment to the foundations of precision scheduled railroading enabled us to respond quickly and effectively to changing environments,” said Keith Creel, CP President and Chief Executive Officer. “We are committed to controlling what we can control, as CP continues to focus on providing service excellence to our customers and driving value for our shareholders.”

Third-quarter highlights

• Revenues increased by 4 percent to $1.94 billion, from $1.86 billion last year
• Reported diluted EPS of $0.70, a 20 percent decrease from $0.88 last year, and adjusted diluted EPS of $0.88, a 7 percent increase from $0.82 last year
• Reported OR, which includes Kansas City Southern (“KCS”) acquisition-related costs, increased by 200 basis points to 60.2 percent from 58.2 percent
• Adjusted OR, which excludes the KCS acquisition-related costs, increased 120 basis points to 59.4 percent over last year’s third-quarter OR of 58.2 percent

-via Press Release