Genesee & Wyoming (GWR) Tops Q2 EPS by 2c, Revenues Beat

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Genesee & Wyoming Reports Results for the Second Quarter of 2018

July 27, 2018 6:00 AM EDT

DARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYSE: GWR)

Second Quarter 2018 Consolidated Highlights Compared with Second Quarter 2017

Operating revenues increased 10.1% to $595.0 million from $540.4 million. Reported operating income increased 3.4% to $103.1 million; Adjusted operating income increased 1.1% to $107.0 million.(1) Reported diluted earnings per common share (EPS) decreased 1.4% to $0.73 with 60.9 million weighted average shares outstanding, compared with reported diluted EPS in the second quarter of 2017 of $0.74 with 62.4 million weighted average shares outstanding; Adjusted diluted EPS increased 17.5% to $0.94.(1) G&W... More