October 3, 2019
Comments Off on G&W acquisition vote faces opposition
Genesee & Wyoming Inc., the global railroad company which was founded in the Rochester area more than 120 years ago, was scheduled to vote today on its planned acquisition by Brookfield Infrastructure Partners, GIC and Brookfield Infrastructure’s institutional partners in ...
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August 12, 2019
Comments Off on G&W reports mixed Q2 results
Genesee & Wyoming Inc. in its most recent quarterly earnings report showed improvement in earnings despite a decline in operating revenues, a document filed with the Securities and Exchange Commission shows. For the second quarter ended June 30, the railroad ...
Tagged with: brookfield Earnings G&W
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July 1, 2019
Comments Off on G&W Railroad acquired for $8.4 billion
Genesee & Wyoming Inc. has confirmed rumors that it had been seeking a buyer. The railroad, which got its start in the Rochester area some 120 years ago, will be acquired by Brookfield Infrastructure Partners, GIC and Brookfield Infrastructure’s institutional ...
Tagged with: acquisition brookfield G&W gic railroad
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April 30, 2019
Comments Off on G&W posts Q1 sales, earnings decline
Genesee & Wyoming Inc. missed Street estimates for first-quarter sales and earnings, prompting an early slide in share price on Tuesday, recovering by midday. For the first quarter ended March 31, G&W reported an operating revenue decline of nearly 3 ...
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March 13, 2019
Comments Off on Genesee & Wyoming reportedly exploring sale
Railroad owner and operator Genesee & Wyoming Inc. is reportedly exploring the possibility of a sale of part or all of its operations, Bloomberg reported this week. G&W has its administrative offices in Rochester. G&W is working with a financial ...
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February 12, 2019
Comments Off on G&W Railroad COO steps down
Genesee & Wyoming Inc. Chief Operating Officer David Brown has stepped down, a filing with the Securities and Exchange Commission shows. Monday’s filing states that effective Feb. 8, “Brown is no longer serving in the capacity of chief operating officer.” ...
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February 6, 2019
Comments Off on G&W Q4 earnings beat Street estimates
Genesee & Wyoming Inc. on Wednesday reported an increase in fourth-quarter sales and earnings, besting analyst expectations. For the quarter ended Dec. 31, the railroad, which has its administrative offices in Rochester, posted revenue of $575.6 million—led by North American ...
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October 30, 2018
Comments Off on Genesee & Wyoming reports 45 percent Q3 earnings growth, beats Street estimates
Genesee & Wyoming Inc.’s bottom line continued to improve in the third quarter, with a 45 percent increase in earnings, and operating revenue that topped $600 million, the company reported Tuesday. For the third quarter ended Sept. 30, G&W reported ...
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July 27, 2018
Comments Off on Genesee & Wyoming beats Street estimates in second quarter
Genesee & Wyoming Inc. on Friday reported a second quarter increase in operating revenues and reported earnings, beating Street predictions. For the second quarter ended June 30, G&W reported a 10 percent increase in revenues to $595 million, compared with ...
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October 31, 2017
Comments Off on G&W railroad reports sales, earnings increases
Genesee & Wyoming Inc. on Tuesday reported an increase in sales and earnings in the third quarter, but missed Street estimates. For the quarter ended Sept. 30, G&W reported a 15 percent increase in operating revenues to $576.9 million from ...
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