Contact: Steve Sugars Page Content: Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) announced its third-quarter 2011 results today with reported net income of $186.8 million and diluted earnings per share of $1.10, inclusive of $0.04 per share of expenses related to the early redemption of its 2013 Notes. [h=3]THIRD-QUARTER 2011 RESULTS COMPARED WITH THIRD-QUARTER 2010[/h] Total revenues were $1.3 billion, an increase of $55.4 million Operating expenses were $1.0 billion, an increase of $68.5 million Average fuel price increased 47 per cent to $3.44 U.S. dollars per U.S. gallon Operating income was $324.6 million, a decrease of $13.1 million Net income was $186.8 million, a decrease of $10.5 million Diluted earnings per share were $1.10 per share, a decline of $0.07 per share or a decline of $0.03 per share exclusive of the early redemption of the 2013 Notes “We currently see strength in our bulk franchise, but remain vigilant in monitoring economic signals from Asia,”¤ stated Fred Green President and CEO.¤ “We are focused on sustaining and improving service and productivity through investments in locomotives, infrastructure, people and technology.”\ Q3 2011 Earnings Release and Financial Reports [h=3]Note on forward-looking information[/h]This news release contains certain forward-looking statements relating but not limited to our operations, anticipated financial performance and business prospects.¤ Undue reliance should not be placed on forward-looking information as actual results may differ materially. By its nature, CP’s forward-looking information involves numerous assumptions, inherent risks and uncertainties, including but not limited to the following factors: changes in business strategies; general North American and global economic, credit and business conditions; risks in agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures; industry capacity; shifts in market demand; inflation; changes in laws and regulations, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; uncertainties of investigations, proceedings or other types of claims and litigation; labour disputes; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; currency and interest rate fluctuations; effects of changes in market conditions and discount rates on the financial position of pension plans and investments, including long-term floating rate notes; and various events that could disrupt operations, including severe weather, droughts, floods, avalanches and earthquakes as well as security threats and governmental response to them, and technological changes.¤ Other risks are detailed from time to time in reports filed by CP with securities regulators in Canada and the United States.¤ Reference should be made to “Management’s Discussion and Analysis” in CP’s annual and interim reports, Annual Information Form and Form 40-F. Except as required by law, CP undertakes no obligation to update publicly or otherwise revise any forward-looking information, whether as a result of new information, future events or otherwise. [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 cpr.ca and see how Canadian Pacific is Driving the Digital Railway. Contacts: Media¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ Investment Community Nicole Sasaki¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ ¤Janet Weiss Tel.:403-835-9005¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ Tel.: 403-319-3233 24/7 Media Pager:¤ 1-855-242-3674¤¤¤¤¤¤¤¤¤¤¤¤¤email: investor@cpr.ca email: nicole_sasaki@cpr.ca News Release Date: 10/25/2011 5:30 AM Location: Calgary, Alberta News Type: Investors Is Featured: Yes More...
