Canadian Pacific Q4 revenues down 3 percentStaff Writer |
Canadian Pacific Railway C$1.64 billion
Canadian Pacific Railway (CP) announced its lowest-ever fourth-quarter operating ratio (OR) of 56.2 percent and a record-low full-year OR of 58.6 percent as focussed cost control helped offset softer than expected volumes.
Full-year 2016 results
Revenues decreased 7 percent to $6.23 billion from $6.71 billion. OR fell to a record 58.6 percent, improving on the 2015 reported OR by 140 basis-points and the adjusted OR by 240 basis-points.
Reported diluted EPS increased 27 percent to $10.63 from $8.40- Adjusted diluted EPS rose 2 percent to $10.29 from $10.10. Free cash flow of $1 billion. ■
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