Genesee & Wyoming Q4 results
Genesee & Wyoming (G&W) has reported its financial results for 2017 Q4.
Highlights include: operating revenues increased 10.7% to $571.6m from $516.5m; reported operating income increased 101.9% to $108.2m; Adjusted operating income increased 2.2% to $105.7m; reported net income and diluted EPS included a $371.9m and net cash provided by operating activities for the twelve months ended December 31st, 2017 increased 17.7% to $479.2m.
President and CEO of G&W, Jack Hellmann said: “Our reported diluted EPS for the fourth quarter of 2017 were $6.81, of which a significant portion was a $372 million benefit from new tax legislation in the United States. Excluding the tax benefit and certain other items, our adjusted diluted EPS were $0.77 in the fourth quarter, as revenues in each of our geographic segments, North America, Australia and the U.K./Europe, finished the year in-line with our expectations.
“In 2017, we generated adjusted free cash flow attributable to G&W of $250 million, a 3.6% increase over 2016, as we effectively managed both expenses and capital expenditures to more than offset flat revenue. In 2018, with an improving business outlook in each of our operating regions, we expect double digit growth in both adjusted earnings per share and adjusted free cash flow attributable to G&W. At the same time, we continue to evaluate acquisition and investment opportunities across G&W’s global footprint and have approximately $400 million of borrowing capacity under our revolving credit facility.”
For more information visit www.gwrr.com
19th Feb 2018
