Genesee & Wyoming Reports Results for the First Quarter of 2016

Mr. RSS Apr 28, 2016

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    DARIEN, Conn.--(BUSINESS WIRE)--Apr. 28, 2016-- 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 (...

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