Genesee & Wyoming (GWR) Tops Q2 EPS by 7c, Beats on Revenues

Genesee & Wyoming (NYSE: GWR) reported Q2 EPS of $0.80, $0.07 better than the analyst estimate of $0.73. Revenue for the quarter came in at $540.4 million versus the consensus estimate of $539.87 million.

Second Quarter 2017 Consolidated Highlights Compared with Second Quarter 2016

• Completed the acquisition of Pentalver Transport Limited (Pentalver), a U.K. based maritime container terminal and transportation business, on May 3, 2017.
• Completed the acquisition of Atlantic Western Transportation, Inc., parent company of Heart of Georgia Railroad, Inc. (HOG), on May 31, 2017.
• Operating revenues increased 7.8% to $540.4 million from $501.4 million.
• Reported operating income increased 16.2% to $101.3 million; Adjusted operating income increased 13.3% to $107.4 million.(1)
• Reported diluted earnings per common share (EPS) decreased 10.8% to $0.74 with 62.4 million weighted average shares outstanding, compared with reported diluted EPS in the second quarter of 2016 of $0.83 with 58.1 million weighted average shares outstanding;
• Adjusted diluted EPS decreased 1.2% to $0.80.(1)

For earnings history and earnings-related data on Genesee & Wyoming (GWR) click here.

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