Genesee & Wyoming Inc. (GWR) reported that its first-quarter net income increased to $80.42 million or $1.46 per share, from $22.24 million or $0.52 per share last year. Adjusted profit per share was $0.87 for the quarter, adjusted primarily to exclude the retroactive benefit of the 2012 short line tax credit and RailAmerica integration costs.
Operating revenues rose to $375.21 million from $207.44 million prior year. The increase included $154.4 million in revenues from new operations, partially offset by a $1.2 million decrease from the net depreciation of foreign currencies relative to the U.S. dollar. Excluding the net impact from foreign currency depreciation, G&W's same railroad operating revenues, which exclude former RailAmerica railroads, increased $14.5 million, or 7.0%.
On average, 16 analysts polled by Thomson Reuters expected the company to report profit of $0.89 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $384.17 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.