Earnings Review and Free Research Report: Genesee & Wyoming Announced Second Quarter Results, Beating EPS Estimates
Research Desk Line-up: USD Partners Post Earnings Coverage
LONDON, UK / ACCESSWIRE / August 17, 2017 /Pro-Trader Daily has just published a free post-earnings coverage on Genesee & Wyoming Inc. (NYSE: GWR) ("G&W"), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=GWR, following the Company's disclosure of its second quarter of FY17 on August 01, 2017. The Company announced revenues growth of 7.8%, a 16.2% rise in operating income, and diluted earnings per share of $0.74 in Q2 FY17. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:
Get more of our free earnings reports coverage from other constituents of the Railroads industry. Pro-TD has currently selected USD Partners LP (NYSE: USDP) for due-diligence and potential coverage as the Company announced on August 07, 2017, its operating and financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on USD Partners when we publish it.
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on GWR; also brushing on USDP. With the links below you can directly download the report of your stock of interest free of charge at:
G&W reported operating revenues of $540.43 million in the second quarter of FY17 compared to $501.38 million in the same quarter of FY16; registering a growth of 7.8% y-o-y. Operating income generated by the Company was $101.34 million in Q2 FY17 compared to $87.19 million in Q2 FY16; a rise of 16.2% y-o-y.
G&W generated net income of $48.13 million in Q2 FY17 compared to $48.40 million in Q2 FY16; a slight fall of 0.6% y-o-y. After taking into account income from non-controlling interest, G&W generated net income attributable to its shareholders of $46.01 million for the second quarter of FY17 compared to $48.40 million in the comparable period in the last fiscal year; registering a net decrease of 4.9% y-o-y.
G&W reported diluted earnings per common share (EPS) of $0.74 in Q2 FY17 versus $0.83 in Q2 FY16. The Company beat Wall Street's earnings estimates of $0.73 per share.
The Company said that its Q2 FY17 operating income included 100% of its Australian business, while net income attributable to the shareholders reflects its 51.1% ownership position in the Australian business.
G&W's Segment Information
The North American operations generated operating revenues of $315.67 million in Q2 FY17 compared to $304.58 million in the same quarter for the last fiscal year; a rise of 3.6% y-o-y. The operating income for the segment was $79.59 million in Q2 FY17 compared to $79.02 million in Q2 FY16; a slight increase of 0.7% y-o-y. Operating ratio in this region was 74.8% for the reported quarter versus 74.1% in Q2 FY16.
The Australian operations generated operating revenues of $76.81 million in Q2 FY17 compared to $55.28 million in Q2 FY16, an increase of 38.9% y-o-y. Operating income made by the Company in this segment was $20.25 million in Q2 FY17 compared to $9.38 million in Q2 FY16; a growth of 115.9% y-o-y, with an operating ratio of 73.6% for the second quarter of FY17 compared to 83% in the second quarter of the last fiscal year.
The UK/European operations generated operating revenues of $147.95 million in Q2 FY17 compared to $141.51 million in Q2 FY16; an increase of 4.6% y-o-y. The Company made an operating income of $1.50 million in Q2 FY17 from this region compared to an operating loss of $1.21 million in the same quarter for last fiscal year. Operating ratio achieved by the company in this region was 99.0% in Q2 FY17 against 100.9% in Q2 FY16.
G&W reported net cash from operating activities of $224.3 million in H1 2017 compared to $162.0 million in the comparable period in 2016; registering an increase of 38.5% y-o-y. The Company expended $168.4 million in investing activities, excluding new business investments in first half of 2017 compared to $74.8 million in H1 2016; an increase in expenditure of 125.1% y-o-y.
The free cash flow before new business investments for G&W in the first half of 2017 was $161.6 million compared to $88.3 million in the comparable period of 2016. Free cash flow attributable to G&W at the end of H1 2017 was $154.3 million compared to $85 million in H1 2016; an increase of 81.5% y-o-y.
For the entire year of 2017, G&W's guidance on adjusted income before income taxes is $324 million while adjusted net income is expected to be $188 million. The Company expects to generate adjusted diluted EPS of $3.00 for the full year of 2017.
Genesee & Wyoming's share price finished yesterday's trading session at $67.22, rising slightly by 0.93%. A total volume of 313.61 thousand shares have exchanged hands. The Company's stock price advanced 7.19% in the last three months and 2.91% in the previous twelve months. Shares of the Company have a PE ratio of 29.41 and currently have a market cap of $4.11 billion.
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