Genesee & Wyoming (GWR) Tops Q3 EPS by 7c
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Genesee & Wyoming Reports Results for the Third Quarter of 2015
October 30, 2015 6:00 AM EDTDARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYSE: GWR)
Third Quarter Highlights
Operating revenues increased 26.3% to $546.3 million from $432.5 million. Same railroad operating revenues, excluding the $23.6 million negative impact of foreign currency depreciation, declined 10.8%, primarily due to weakness in iron ore, coal and metals shipments. Adjusted income from operations (adjusted operating income) decreased 3.5% to $118.3 million; Reported income from operations (operating income) decreased 4.5% to $117.6 million. (1) Adjusted diluted earnings per common share (EPS) decreased 9.9% to $1.09; Reported diluted EPS... More