Page Content: Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) announced its second-quarter 2012 results today with reported net income of $103 million and diluted earnings per share of $0.60, inclusive of the negative impact of approximately $0.30 from significant items including management transition and advisory costs and an Ontario corporate income tax rate change. In addition, the nine-day strike is estimated to have reduced diluted earnings per share by $0.25 to $0.30. For the first half of 2012 Canadian Pacific’s net income was $245 million, an increase of $83 million, or 51 per cent and diluted earnings per share of $1.42, an increase of $0.47, or 49 per cent.¤ These increases were primarily due to increased volumes and improved operating performance. Q2 2012 Earnings Release and Financial Reports [h=3]SECOND-QUARTER 2012 RESULTS COMPARED WITH SECOND-QUARTER 2011[/h] Total revenues were $1.4 billion, an increase of $101 million Operating expenses were $1.1 billion, an increase of $93 million Average fuel price was essentially flat at $3.49 U.S. dollars per U.S. gallon compared to $3.50 U.S. dollars per U.S. gallon Operating income was $239 million, an increase of $8 million Operating ratio was 82.5 per cent, an increase of 80 basis points¤ Net income was $103 million, a decrease of $25 million Diluted earnings per share were $0.60 per share, a decrease of $0.15 per share Canadian Pacific’s newly appointed President and Chief Executive Officer, E. Hunter Harrison said, “I look forward to working with a solid team of dedicated railroaders to improve CP’s service offering and drive long-term shareholder value.¤ Canadian Pacific is a strong franchise with positive market opportunities.”¤ [h=3]Conference Call Information[/h]CP will discuss its results with analysts in a conference call beginning at 1:00 p.m. Eastern time (11:00 a.m. Mountain time) on July 25, 2012. [h=4]Conference Call Access[/h]Toronto participants dial in number: (647) 427-7450 Operator assisted toll free dial in number: 1-888-231-8191 Callers should dial in 10 minutes prior to the call. [h=4]Webcast[/h]For those with Internet access we encourage you to listen via CP’s website. 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 August 22, 2012 at 416-849-0833 or toll free 1-855-859-2056, password 91414131. 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]Media Nicole Sasaki Tel.:¤ 403-835-9005 24/7 Media Pager: 855-242-3674¤¤¤¤¤¤¤¤¤¤¤¤ email: nicole_sasaki@cpr.ca Investment Community Janet Weiss Tel.: 403-319-3591 email: investor@cpr.ca ¤ News Release Date: 7/25/2012 5:30 AM Location: Calgary, Alberta News Type: Investors Is Featured: Yes More...
