Key Developments: Genesee & Wyoming Inc (GWR.N)

GWR.N on New York Stock Exchange

89.03USD
1 Aug 2013
Price Change (% chg)

$-0.63 (-0.70%)
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Latest Key Developments (Source: Significant Developments)

Genesee & Wyoming Inc Reaffirms FY 2013 Revenue Guidance-Conference Call
Tuesday, 11 Jun 2013 09:45am EDT 

Genesee & Wyoming Inc announced that for fiscal 2013, it expects about $1.6 billion in revenues. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $1.6 billion for fiscal 2013.  Full Article

Genesee & Wyoming Inc Reaffirms FY 2013 Revenue Guidance-Conference Call
Friday, 31 May 2013 10:40am EDT 

Genesee & Wyoming Inc announced that for fiscal 2013, it expects revenues of approximately $1.6 billion. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $1.6 billion for fiscal 2013.  Full Article

Genesee & Wyoming Inc Issues Q2 2013 Guidance Above Analysts' Estimates; Reaffirms FY 2013 Guidance-Conference Call
Wednesday, 1 May 2013 08:00am EDT 

Genesee & Wyoming Inc announced that for the second quarter of 2013. it expects revenue to be approximately $405 million, diluted earnings per share (EPS) are expected to be approximately $1.10. For fiscal 2013, it expects revenues of approximately $1.6 billion. The bottom line is that adjusted diluted EPS remains unchanged at approximately $4.60. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $246.77 million and EPS of $0.91 for the second quarter of 2013.  Full Article

Genesee & Wyoming Inc Issues FY 2013 Guidance Above Analysts' Estimates-Conference Call
Tuesday, 12 Feb 2013 04:30pm EST 

Genesee & Wyoming Inc announced that for fiscal 2013, it expects revenues of approximately $1.625 billion, reported diluted earnings per share to be approximately $5.10 and adjusted diluted earnings per share (EPS) to be $4.60. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.523 billion and EPS of $4.55 for fiscal 2013.  Full Article

Genesee & Wyoming Inc Revises FY 2012 Revenue Guidance-Conference Call
Tuesday, 4 Dec 2012 04:25pm EST 

Genesee & Wyoming Inc announced that it expects around $870 million of revenue in fiscal 2012.  Full Article

Genesee & Wyoming Inc Issues Q4 2012 Mixed Guidance-Conference Call
Monday, 5 Nov 2012 04:00pm EST 

Genesee & Wyoming Inc announced that it expect revenues in the fourth quarter 2012 to be between $225 million and $230 million and excluding the transaction and financing-related expenses, diluted earnings per share in the fourth quarter 2012 are expected to be approximately $0.80 per share with diluted shares at 56.4 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $224 million and EPS of $0.84 for the fourth quarter of 2012.  Full Article

Genesee & Wyoming Inc Announces Pricing Of Public Offerings Of Class A Common Stock
Friday, 14 Sep 2012 07:14am EDT 

Genesee & Wyoming Inc announced that it has priced previously announced offering of 3,500,000 shares of Class A Common Stock at $64.75 per share, including 233,996 shares of Class A Common Stock being offered by a selling stockholder who is the Chairman of the Company’s Board of Directors, resulting in aggregate gross proceeds to the Company of $211.5 million. The Company also priced previously announced offering of 2,000,000 of 5.00% tangible equity units, each with a stated amount of $100, resulting in aggregate gross proceeds of $200.0 million. The Company has granted the underwriters of the Class A Common Stock offering a 30-day option to purchase up to an additional 525,000 shares of Class A Common Stock and the underwriters of the tangible equity units offering an option to purchase, within a 13-day period beginning on, and including, the initial issuance date for the tangible equity units, up to an additional 300,000 tangible equity units. Each offering is expected to close on September 19, 2012. The Company expects the net proceeds of the Class A Common Stock offering to be $200.9 million, after deducting underwriting discounts and commissions and estimated offering expenses. The Company expects the net proceeds of tangible equity units offering to be $192.5 million, after deducting underwriting discounts and commissions and estimated offering expenses. The Company intends to use net proceeds of the offerings to partially fund acquisition of RailAmerica, Inc.  Full Article

Genesee & Wyoming Inc Updates On FY 2012 Revenue Guidance-Conference Call
Thursday, 6 Sep 2012 01:35pm EDT 

Genesee & Wyoming Inc announced that for fiscal 2012, it expects revenue to be sort of close to $900 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $871 million for fiscal 2012.  Full Article

Genesee & Wyoming Inc Issues Q3 2012 Guidance; EPS Guidance Below Analysts' Estimates; Raises FY 2012 EPS Guidance; Lowers High End Of Prior FY 2012 Revenue Guidance-Conference Call
Thursday, 2 Aug 2012 03:00pm EDT 

Genesee & Wyoming Inc announced that for the third quarter of 2012, it expect revenues to be approximately $220 million and diluted earnings per share (EPS) to be approximately $0.70 with deluded shares up $43.2 million. For fiscal 2012, it now expect revenues in the range of $870-$875 million and diluted EPS to be in the range $2.85-$2.90. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $226 million and EPS of $0.82 for the third quarter of 2012; revenue of $883 million and EPS of $2.85 for fiscal 2012.  Full Article

Genesee & Wyoming Inc Enters Into Agreement To Acquire RailAmerica, Inc.; Announces Mandatorily Convertible Preferred Stock Investment By The Carlyle Group
Monday, 23 Jul 2012 06:30am EDT 

Genesee & Wyoming Inc and RailAmerica, Inc. announced that they have entered into an agreement under which Genesee & Wyoming Inc will acquire RailAmerica, Inc. for an all cash purchase price of $27.50 per share. GWI expects to fund the transaction and the simultaneous refinancing of its existing debt with approximately $2.0 billion of new debt and approximately $800 million of equity or equity-linked securities. GWI has received $2.3 billion of committed debt financing from BofA Merrill Lynch (BofAML) and $800 million of committed equity financing from The Carlyle Group (Carlyle) of which it has agreed to take a minimum of $350 million through a private placement of two-year mandatorily convertible preferred stock (the Carlyle Convertible) from Carlyle Partners V, a $13.7 billion U.S. buyout fund. The Carlyle Convertible has a coupon of 5% per annum for two years and is mandatorily convertible at a conversion price of $58.49. GWI has the option to fund up to an additional $450 million of The Carlyle Convertible on the same terms, subject to certain conditions. Alternatively, GWI may instead choose to fund the $450 million through the public issuance of equity or equity-linked securities.  Full Article

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