Genesee & Wyoming (GWR) Tops Q1 EPS by 5c, Comments on Outlook
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Genesee & Wyoming Reports Results for the First Quarter of 2016
April 28, 2016 6:00 AM EDTDARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYSE: GWR)
First Quarter Consolidated Highlights
Operating revenues increased 21.6% to $482.6 million from $397.0 million. Adjusted income from operations decreased 8.2% to $79.6 million; Reported income from operations decreased 21.5% to $57.0 million, primarily due to $21.1 million of charges related to an Australian iron ore customer entering voluntary administration.(1) Adjusted diluted earnings per common share (EPS) decreased 7.2% to $0.77; Adjusted diluted EPS (excluding the Short Line Tax Credit) decreased 20.5% to $0.66; Reported diluted EPS increased 11.9% to $0.47.(1)First Quarter... More
