Genesee & Wyoming Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported operating revenues were $576,927,000 against $501,002,000 a year ago. Operating income was $111,489,000 against $91,851,000 a year ago. Income before income taxes was $83,892,000 against $76,428,000 a year ago. Net income was $53,385,000 against $56,785,000 a year ago. Net income attributable to the company was $50,240,000 compared to $56,785,000 a year ago. Diluted earnings per share attributable to the company's common stockholders were $0.80 against $0.98 a year ago. Adjusted operating income was $115.9 million against $96.4 million a year ago. Adjusted income before income taxes was $88.3 million against $80.9 million a year ago. Adjusted net income attributable to the company was $50.6 million against $47.9 million a year ago. Adjusted diluted earnings per share attributable to the company's common stockholders were $0.81 against $0.82 a year ago.

For the nine months, the company reported operating revenues were $1,636,468,000 against $1,484,993,000 a year ago. Operating income was $290,283,000 against $236,041,000 a year ago. Income before income taxes was $210,834,000 against $186,766,000 a year ago. Net income was $128,802,000 against $132,203,000 a year ago. Net income attributable to the company was $122,485,000 compared to $132,203,000 a year ago. Diluted earnings per share attributable to the company's common stockholders were $1.96 against $2.28 a year ago. Net cash provided by operating activities was $350,389,000 against $303,583,000 a year ago. Purchase of property and equipment was $149,105,000 against $159,523,000 a year ago. Free cash flow and free cash flow attributable to the company was $230.4 million against $187.6 million a year ago.

The company revised earnings guidance for the fourth quarter of 2017. For the quarter, the company expects revenues of approximately $560 million to $575 million at an operating ratio between 80% and 81%. Net interest expense should be $28 million, and expects a tax rate of approximately 40%. The bottom line is that the company is expecting diluted EPS of approximately $0.75. This outlook is about $0.05 lower than the guidance as previously provided.

For 2017, company expects core CapEx is about $210 million.