Canadian Pacific: 1Q2019: ‘Strong momentum’

By William C. Vantuono, Editor-in-Chief, Railway Age Magazine; April 24, 2019

Canadian Pacific, coming off a tough winter, posted first-quarter 2019 increases in revenues and earnings per share, accompanied by a 1.8% operating ratio increase.

Canadian Pacific’s 1Q2019 revenues increased by 6% to C$1.77 billion, from C$1.66 billion in the prior-year period, a 1.07% increase. The reported diluted EPS was C$3.09, a 28% increase from $2.41 last year; adjusted diluted EPS was C$2.79, a 3% increase from $2.70 last year. The operating ratio was 69.3%, an increase of 180 basis points, compared to last year’s 67.5%

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