Genesee & Wyoming Q1 Profit Declines - Quick Facts

(RTTNews) - Genesee & Wyoming Inc. (GWR) reported that its first-quarter net income to shareholders decreased to $40.00 million or $0.70 per share, from $80.42 million or $1.46 per share, last year. Adjusted earnings per share were $0.70, for the quarter.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.84 for the quarter. Analysts' estimates typically exclude special items.

Operating revenues increased to $376.28 million from $374.95 million. Analysts expected revenue of $381.37 million for the quarter.

Jack Hellmann, President and CEO of G&W, said: "G&W's financial results for the first quarter of 2014 were significantly impacted by extreme winter weather that disrupted several of our North American operations. Four G&W operating regions, Canada, Midwest, Northeast and Ohio Valley, suffered the most serious weather-related conditions."