Genesee & Wyoming Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported operating revenues of $519,108,000 compared to $482,616,000 a year ago. Operating income was $77,454,000 compared to $56,996,000 a year ago. Income before income taxes was $49,217,000 compared to $39,827,000 a year ago. Net income was $27,289,000 or $0.42 per diluted share compared to $27,019,000 or $0.47 per diluted share a year ago. Net cash provided by operating activities was $85,016,000 compared to $70,041,000 a year ago. Purchase of property and equipment was $34,738,000 compared to $47,912,000 a year ago. Adjusted operating income was $86.6 million compared to $79.8 million a year ago. Adjusted net income attributable to the company was $32.9 million or $0.53 per share compared with $38.6 million or $0.67 per share a year ago. Adjusted income before income taxes was $58.4 million compared to $62.6 million a year ago.

The company provided earnings guidance for the second quarter of 2017. For the period, the company expects revenues of approximately $540 million and operating income between $100 million and $105 million. Effective tax rate should be around 38% and diluted EPS of approximately $0.70 to $0.75.