Page Content: Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced its third-quarter 2012 results with reported net income of $224 million, an increase of $37 million, or 20 per cent and diluted earnings per share of $1.30, an increase of $0.20, or 18 per cent, when compared to third-quarter 2011. For the nine months of 2012 Canadian Pacific’s net income was $469 million, an increase of $120 million, or 34 per cent and diluted earnings per share of $2.72, an increase of $0.68, or 33 per cent, 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.”¤ Q3 2012 Earnings Release and Financial Reports [h=3]THIRD-QUARTER 2012 RESULTS COMPARED WITH THIRD-QUARTER 2011[/h] Total revenues were $1.5 billion, an increase of $110 million or 8 per cent Operating expenses were $1.1 billion, an increase of $58 million or 6 per cent Operating income was $376 million, an increase of $52 million or 16 per cent Operating ratio was 74.1 per cent, an improvement of 170 basis points [h=3]Conference Call Information[/h]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. [h=3]Conference call access[/h]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 [h=3]Webcast[/h]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. A replay of the conference call will be available by phone through November 21, 2012 at 416-849-0833 or toll free 1-855-859-2056, password 35137957. A webcast of the presentation and an audio file will be available at www.cpr.ca under “Invest In CP” tab. [h=3]About Canadian Pacific[/h]Canadian Pacific (CP: TSX)(NYSE: CP) operates a North American transcontinental railway providing freight transportation services, logistics solutions and supply chain expertise. Incorporating best-in-class technology and environmental practices, CP is re-defining itself as a modern 21st century transportation company built on safety, service reliability and operational efficiency. Visit www.cpr.ca to learn more. [h=3]Contacts:[/h][TABLE] [TR] [TD="width: 295"]Media[/TD] [TD="width: 295"]Investment Community[/TD] [/TR] [TR] [TD="width: 295"]Ed Greenberg[/TD] [TD="width: 295"]Janet Weiss[/TD] [/TR] [TR] [TD="width: 295"]Tel.: 612-849-4717[/TD] [TD="width: 295"]Tel.: 403-319-3591[/TD] [/TR] [TR] [TD="width: 295"]24/7 Media Pager: 855-242-3674[/TD] [TD="width: 295"][/TD] [/TR] [TR] [TD="width: 295"]email: ed_greenberg@cpr.ca [/TD] [TD="width: 295"]email: investor@cpr.ca[/TD] [/TR] [/TABLE] News Release Date: 10/24/2012 5:30 AM Location: Calgary, Alberta News Type: Investors Is Featured: Yes More...
