G&W Reports Increases in Second Quarter Income

Genesee & Wyoming reported this week that its second quarter 2017 operating revenue rose 7.8 percent to $540.4 million, while operating income increased 16.2 percent to $101.3 million when compared with the same quarter in 2016.

In a news release, G&W said that its adjusted operating income in the quarter rose 13.3 percent to $107.4 million compared with $94.7 million in the second quarter of 2016.

G&W’s reported net income for the quarter was $46 million, compared with reported net income of $48.4 million in the same period a year ago.

Excluding the net impact of certain items that affect comparability between the quarters, G&W’s adjusted net income in the second quarter of 2017 was $49.9 million compared with $47.0 million in the second quarter of 2016.

The company posted a second quarter diluted earnings per share of 74 cents, compared with reported diluted EPS of 83 cents in the second quarter of 2016. Adjusted diluted EPS for the quarter was 80 cents per share versus 81 cents a year ago.

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