Calgary Alberta - CP Delivers strongest financial results in company's history.
 
Canadian Pacific Railway Limited today announced record Q2 2014 financial results.
 
Reported net income in the second quarter was $371 million, or $2.11 per diluted share, versus $252 million, or $1.43 per share, in the second quarter of 2013.
 
This represents a 48 percent year-over-year improvement in earnings per share.
 
SECOND-QUARTER 2014 RESULTS COMPARED WITH SECOND-QUARTER 2013:

• Total revenues were $1,681 million, an increase of 12 percent;
   
  
• Operating expenses were $1,094 million, an increase of 2 percent;
   
  
• Operating income was $587 million, an increase of 40 percent;
   
  
• Operating ratio was 65.1 percent, a 680 basis point improvement.

"CP delivered another record quarter," said E. Hunter Harrison, CP's Chief Executive Officer.
 
"The team has made great strides in my two years at CP and they continue to demonstrate resiliency by delivering these results despite continued operational challenges in the US Midwest after a devastating winter. The future is very promising for the railroad as we transition towards leveraging our lower cost structure and improved service."

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